Jaywing PLC Completion of Disposal (6782M)
10 January 2019 - 6:00PM
UK Regulatory
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
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