Published: 5 November 2018



Idox plc

('Idox' or the 'Group' or the 'Company')

Disposal of Digital division

Idox plc (AIM: IDOX), a leading supplier of specialist information management solutions and services, announces the sale of its digital division ("Digital") to Fat Media Limited, a digital marketing solution provider, for a nominal cash consideration of £1.00.

The Digital division is focused on providing digital consultancy services to private sector clients and for the year ended 31 October 2017 recorded a loss before tax of £3.2 million. As at 30 September 2018 the Digital division has gross assets of £0.9 million and a net liabilities position of £0.02 million (unaudited).

This disposal allows for additional focus on the Group's core operations and further improvements in its operating model.  

The Group expects to issue a trading update for its financial year ended 31 October during November.

Enquiries:

Idox plc                                                    +44 (0) 870 333 7101
David Meaden, Chief Executive
Rob Grubb, Chief Financial Officer

N+1 Singer (NOMAD and Broker)           
+44 (0) 20 7496 3000
Shaun Dobson
Jen Boorer

MHP (Financial PR)                                  
+44 (0) 20 3128 8100
Reg Hoare
Charlie Barker

About Idox plc

For more information see www.idoxplc.com @Idoxgroup 

 



Rule 26
Updated: 5 November 2018

Interested in finding out more?
Get in touch to speak to one of our expert team.

Contact Us

Please visit our offices page to see full company listings and individual contact details