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Jaywing PLC (JWNG)

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Thursday 10 January, 2019

Jaywing PLC

Completion of Disposal

RNS Number : 6782M
Jaywing PLC
10 January 2019
 

Date:               10 January 2019

On behalf of:   Jaywing plc ("Jaywing", "the Company" or "the Group")

 

 

Jaywing plc

Completion of Disposal 

 

Further to the announcement made on 20th November 2018, Jaywing plc (AIM: JWNG), the data science led agency, consultancy and technology business has confirmed that the sale of its contact centre business, HSM Ltd ("HSM") to Bidco ("Bidco"), which is backed by Aquiline Capital Partners LLC ("Aquiline"), a New York and London-based private equity firm investing in financial services and technology, has now completed.

 

The disposal of this non-core asset strengthens the balance sheet; simplifies the Jaywing offering; provides a sizeable and ongoing revenue stream; reduces a lease obligation and allows management to concentrate entirely on developing the core business.

 

 

 

 

Enquiries:

Jaywing plc

Michael Sprot (Company Secretary)

Tel: 0114 281 1200

Cenkos Securities plc

Nicholas Wells / Callum Davidson

Tel: 020 7397 8900

 

 

 

 

 

 

 

 

 


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