Disposal
February 20 2001 - 11:07AM
UK Regulatory
RNS Number:2049Z
10 Group PLC
20 February 2001
10 Group plc has announced that its subsidiary 10 Publishing Ltd has sold its IT
and internet recruitment title, IS Opportunities.
10 Group acquired IS Opportunities from London publishers Ballantyne Ross Ltd in
February 2000.
The consideration for the sale is #395,000 in cash. Twelve months ago, 10 Group
plc paid #250,000 for IS Opportunities, with #50,000 paid in cash and #200,000
in 10 Group shares at 6p. 10 Publishing Ltd has entered into an agreement to
provide editorial content and production services for the foreseeable future.
This service will be charged at normal commercial rates.
10 Group chairman Andy Moore said: "With the marketplace for IT recruitment
currently expanding, this represents an opportunity for 10 Group to realise the
enhanced capital value of IS Opportunities."
Inquiries
Andy Moore - Chairman
10 Group plc,
10 Clement Street
Birmingham B1 2SL
Tel 0121 233 1122
Mobile: 07836 722840
See also www.10group.co.uk
OR
Andy Skinner
Marketing Management,
Tel: 01789 488888
Mobile: 07990 978257
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