RNS Number : 2581S
Mears Group PLC
07 September 2010
7 September 2010
Mears Group PLC
("Mears" or "the Group")
Disposal of Datacare Business Systems Limited ("Datacare")
Mears today announces the disposal of Datacare to Mavinwood plc generating net proceeds of £1.0m. Datacare was acquired earlier this year as part of the Supporta plc acquisition. At the time Mears acquired Datacare, the Group stated it would conduct a review of the business to determine whether it formed a part of Mears' long term strategy. Following this review, it was determined that Datacare is not core to the Group's strategy.
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Enquiries:
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Mears Group PLC
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Bob Holt, Chairman
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Tel: +44(0)7778 798 816
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Andrew Smith, Finance Director
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Tel: +44(0)7712 866 461
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Joint Broker - Investec
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Keith Anderson/Daniel Adams
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Tel: +44(0)20 7597 5970
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Joint Broker - Collins Stewart
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Mark Dickenson/Ileana Antypas
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Tel: +44(0)20 7523 8350
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Financial PR
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Threadneedle Communications
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Trevor Bass/Alex White
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Tel: +44(0)20 7936 9666
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IR - Hansard Communications
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John Bick/Kirsty Corcoran
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Tel: +44(0)7245 1100
Tel: +44(0)7872 061007
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This information is provided by RNS
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