RNS Number : 2362N
IDE Group Holdings PLC
28 September 2021
 

IDE Group Holdings Plc

 

Potential sale of subsidiary

 

28 September 2021

 

IDE Group Holdings plc (the "Company"), the mid-market network, cloud and IT managed services provider, announces that it is in advanced discussions to sell its wholly owned subsidiary, IDE Group Connect Limited ("Connect") for an expected consideration of £250,000. The Company will issue a further update in due course.

 

The Company will release its interim results for the 6 months ended 30 June 2021 on 30 September 2021.

 

 

For more information, contact:

 

IDE Group Holdings Plc

Andy Parker, Non-Executive Chairman

 

Tel: +44 (0)344 874 1000

finnCap Limited

Nominated Adviser and Broker

Corporate finance: Jonny Franklin-Adams / Abby Kelly

ECM: Tim Redfern / Richard Chambers

 

Tel: +44 (0)20 7220 0500

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