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

Photo of HP Enterprise office
Apple Mac Mini late 2014

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears

Features

Venomous snake
Potential deleterious effects more like a snakebite* than a snake bite
Windows Server
Hacked US CENTCOM Twitter account
Roll up, roll up, get your exclusive market insights