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

Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on