XPT Xploite

 

TIDMXPT 
 
RNS Number : 8179T 
XploiTe PLC 
12 June 2009 
 

12 June 2009 
 
 
Xploite plc 
 
 
Result of EGM 
 
 
At today's Extraordinary General Meeting of Xploite plc (AIM: XPT, 'the 
Company'), the operator and aggregator of strategic and high growth IT services 
businesses, the resolutions relating to the disposal by its subsidiary, Xploite 
IHC, of Anix, its Managed Services Division, to ACS BPS, were passed.  The 
results were: Resoloution 1 - 15,856,779 votes were cast of which 99.7% were in 
favour. Resolution 2 - 15,856,779 votes were cast of which 99.7% were in favour. 
 
 
The disposal raises GBP31.5 million in cash, subject to a deduction for debt and 
working capital, expected to be circa GBP3.1 million. The transaction is 
scheduled to close later today. 
 
 
The Group's strategy is to acquire, either through the issue of securities or 
for cash, quoted and non-quoted companies operating in the UK Information 
Communication Technology services sectors. The acquisition strategy is focused 
on a limited number of "buy and build" opportunities, with the intention of 
realising further value for shareholders through a future exit. Already numerous 
opportunities have been identified. 
 
 
Ian Smith, Xploite Chief Executive commented, 
 
 
"Already we are well advanced in implementing our strategy to create further 
shareholder value. We are in a strong position at this time of the economic 
cycle to buy businesses at time when valuations are very attractive." 
 
 
Enquiries: 
 
 
+-------------------------------------------+-------------------------------------+ 
| Xploite plc                               | 0870 737 2001                       | 
+-------------------------------------------+-------------------------------------+ 
| Ian Smith, Chief Executive Officer        |                                     | 
+-------------------------------------------+-------------------------------------+ 
| Robert Arrowsmith, Finance Director       |                                     | 
+-------------------------------------------+-------------------------------------+ 
|                                           |                                     | 
+-------------------------------------------+-------------------------------------+ 
| KBC Peel Hunt Ltd                         | 0207 418 8900                       | 
+-------------------------------------------+-------------------------------------+ 
| Richard Kauffer                           |                                     | 
+-------------------------------------------+-------------------------------------+ 
|                                           |                                     | 
+-------------------------------------------+-------------------------------------+ 
| College Hill                              | 020 7457 2020                       | 
+-------------------------------------------+-------------------------------------+ 
| Adrian Duffield/Rozi Morris               |                                     | 
+-------------------------------------------+-------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 REGILFSIRLIFLIA 
 

Xploite (LSE:XPT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Xploite (LSE:XPT)
Historical Stock Chart
From Jul 2023 to Jul 2024