[15.11.2004]
Alphameric Plc (“Alphameric”
or “the Group”) PROPOSED
DISPOSAL OF THE RETAIL BUSINESS
Summary of key points
The Board
has conducted a comprehensive review
of the opportunities for superior
revenue and profit growth in each
of the Group’s areas of activity
As a consequence the Board has decided
to focus on the continued development
of Alphameric’s leading market
positions in the Leisure and Hospitality
sectors
The Group
today announces the proposed disposal
of its Retail Business for total maximum
consideration of £30 million
to Torex, subject to Shareholder approval
Consideration
comprises Initial Consideration of
£15 million, made up of a cash
payment of £10 million and the
issue of Torex Ordinary Shares to
the value of £5 million (being
7,371,370 shares at 68.73p per share)
and Deferred Consideration of up to
£15 million dependent on the
financial performance of the Retail
Business for the 14 months ending
31 December 2005
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