TIDMJWNG

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 20(th) 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DISDKLFBKFFXBBE

(END) Dow Jones Newswires

January 10, 2019 02:00 ET (07:00 GMT)

Jaywing (LSE:JWNG)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Jaywing Charts.
Jaywing (LSE:JWNG)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Jaywing Charts.