Disposal Completion
September 11 2003 - 7:29AM
UK Regulatory
RNS Number:6518P
Pace Micro Technology PLC
11 September 2003
11 September 2003
Pace Micro Technology plc completes VegaStream Transaction
Pace Micro Technology plc has today completed the negotiations for the
management buyout of its VegaStream subsidiary.
VegaStream develops Voice over Internet Protocol (VoIP) gateways for the small
and medium enterprise and service provider CPE (customer premises equipment)
markets. As previously announced Pace will receive as consideration a 20% stake
in the new company at a subscription price valued at approximately #0.6m.
The transaction will have no material impact on Pace.
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Contacts:
Ginny Pulbrook, Citigate Dewe Rogerson, 020 7282 2945
Helen Kettleborough, Pace Micro Technology, 01274 538005
This information is provided by RNS
The company news service from the London Stock Exchange
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