Regulatory Approval
January 16 2004 - 6:05AM
UK Regulatory
RNS Number:3216U
Northgate Information Solutions PLC
16 January 2004
FOR IMMEDIATE RELEASE
16 January 2004
(Not for release, publication or distribution in or into Australia, Canada,
Japan or the United States)
NORTHGATE INFORMATION SOLUTIONS PLC
REGULATORY APPROVAL RECEIVED
The Board of Northgate Information Solutions plc ("Northgate" or the "Company")
welcomes the announcement this morning by the Office of Fair Trading (the "OFT")
that it has decided not to refer the acquisition of the Rebus HR Group, or any
part of it, to the Competition Commission. As a result, the competition
condition of the acquisition has been satisfied.
A further announcement will be made shortly once legal completion of the
acquisition has occurred.
Chris Stone, chief executive of Northgate, said:
"We are delighted with the OFT's announcement today. The acquisition of Rebus
HR will transform Northgate into one of the leading suppliers of software
applications and outsourcing solutions in the HR market. The outlook for the
enlarged group is very exciting."
Definitions used in this announcement shall have the meanings given to them in
the announcement dated 17 December 2003, except where context requires
otherwise.
Enquiries:
Northgate 01442 232424
Oliver Walker / John Stier
Rothschild 020 7280 5000
Dominic Hollamby / Matthew Metcalfe
Hoare Govett Limited 020 7678 8000
Andrew Chapman / Andrew Foster
Brunswick Group 020 7404 5959
Tom Buchanan / Sarah Tovey
Notes to Editors:
About Northgate Information Solutions (www.northgate-is.com)
Northgate Information Solutions is a leading supplier of software applications
and outsourcing solutions to the public sector, human resources and corporate
markets. Headquartered in Hemel Hempstead, Northgate employs over 1,300 staff
and has approximately 1,800 customers across the UK and Ireland. Northgate works
closely with many corporate organisations, as well as approximately 30% of the
UK's local authorities, and all of its police forces. Northgate's focus is on
fully understanding application-specific processes, enabling organisations to
increase their business process efficiency. Equally, Northgate manages
customers' key systems, providing a broad range of outsourced solutions -
available at client sites or hosted at its own secure data centre.
Northgate Information Solutions plc is listed on the London Stock Exchange. For
further information visit the Northgate Information Solutions Portal at
http://www.northgate-is.com/.
This information is provided by RNS
The company news service from the London Stock Exchange
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