IDD ID Data

 

TIDMIDD 
 
RNS Number : 6674L 
ID Data Group PLC 
15 January 2009 
 

 
 
15 January 2009 
 
 
ID Data Group plc 
("ID Data" or the "Company") 
 
 
Disposal completion 
 
 
ID Data Group plc (AIM: IDD), the smart card and card solutions group, today 
announces that, further to the announcement released on 24 December 2008, it has 
completed the sale of the intellectual property, equipment and business of its 
Irish smart card management software subsidiary CardBASE Technologies Ltd 
("CardBASE") for EUR2.25 million in cash to Sagem Securite, a subsidiary of the 
SAFRAN Group of France. 
 
 
The sale of the business and assets of CardBASE will assist the group in meeting 
its financial obligations (including the non-group liabilities of CardBASE 
itself which it is estimated were approximately EUR0.65 million at completion). 
CardBASE made a loss before tax of EUR47,000 on turnover of EUR0.5 million in the 
year ended 31 March 2008 and the total book value of its fixed assets at that 
date was EUR44,000. 
 
 
Trading in the Company's shares on AIM remains suspended. 
 
 
 
 
-Ends- 
 
 
For further information, please contact: 
 
 
ID Data Group plc 
Peter Cox, Chief Executive 
peter.cox@iddata.com 
Tel: +44 (0) 1730 235700 
 
 
Smith & Williamson Corporate Finance Limited 
Azhic Basirov / David Jones 
Tel: +44 (0) 20 7131 4000 
 
 
Media Enquiries 
Abchurch 
Chris Lane / Joanne Shears 
Joanne.Shears@abchurch-group.com 
Tel: +44 (0) 20 7398 7709 
 
 
 
 
 
 
About ID Data 
 
 
ID Data is a fully accredited Visa and MasterCard card producer and card 
processor with its high security bank card capabilities based in Petersfield, 
England. The Company has won major acclaim for its deliverables in the touch and 
go payments sector, plus is one of the few "Multos" issuing partners in the 
world, where it can develop and deliver multi application technology using the 
Multos platform. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DISBIGDBGXBGGCS 
 

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