The Channel logo

News

By | Kelly Fiveash 26th March 2007 15:59

Fayrewood sells shares in ComputerLinks

Expects healthy proceeds

Computer hardware and software distributor Fayrewood plc has today sold its shares in ComputerLinks AG.

Fayrewood owned 27.47 per cent of ComputerLinks AG, a European value-added distributor of computer security products.

The firm said that the net proceeds from the sale are expected to be €27.4m, having traded at €13.55 each per share.

In a statement issued this afternoon, Fayrewood said proceeds from the sale "will be placed on deposit by the Company and aggregated with the proceeds received from the sale of UMD SAU.

"It is the Company’s intention, subject to unforeseen circumstances, to make available not less than £35 million to Fayrewood shareholders. A proposal containing full details on the company’s intentions will be circulated in due course."

The shares in ComputerLinks were offered to European investors earlier today in the form of a private placement.®

alert Send corrections

Opinion

Memristor_wafer

Chris Mellor

Execution warrant close to being signed for Fink's folly
Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world