25
September 2024
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION
iomart Group
plc
("iomart" or the "Group" or
the "Company")
Statement re press
speculation
The Board of iomart notes the recent
press speculation and confirms that the Company is in exclusive
talks with regard to the possible acquisition of Kookaburra Topco
Limited ("Kookaburra"), the holding company of Atech Support
Limited ("Atech"), a leading, highly accredited Microsoft Solutions
Partner, delivering complex, multi-platform solutions, public cloud
digital transformation and specialised managed security services to
mid-sized enterprises (the "Possible Acquisition").
There is no guarantee that the
Possible Acquisition will proceed, however, if it were to proceed,
it would be financed from the Company's existing cash resources and
banking facilities and be classified as a Substantial Transaction
under the AIM Rules for Companies.
The Directors of iomart believe that
the Possible Acquisition of Atech would accelerate iomart's growth
strategy, positioning the enlarged group as the leading provider of
secure public, private and hybrid cloud services to mid-sized
enterprises in the UK.
Further announcements will be made
as and when appropriate.
This announcement contains inside information for the purposes
of assimilated Regulation (EU) No.596/2014, as it forms part the
laws of the United Kingdom by virtue of the European Union
(Withdrawal) Act 2018 (as amended). The person responsible for
releasing this announcement on behalf of the Company is Scott
Cunningham, CFO.
For further information please
contact:
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iomart Group plc
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Tel:
0141 931 6400
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Lucy Dimes, Chief Executive
Officer
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Scott Cunningham, Chief Financial
Officer
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Investec Bank PLC
(Nominated Adviser
and Broker)
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Tel:
020 7597 4000
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Patrick Robb, Virginia
Bull
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Alma
Strategic Communications
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Tel:
020 3405 0205
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Caroline Forde, Hilary Buchanan,
Kinvara Verdon
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About iomart Group plc
iomart Group plc (AIM: IOM) is a
cloud computing and IT managed services business providing hybrid
cloud infrastructure, data management, protection and cyber
security services, and digital workplace capability. Our mission is
simple: to make our customers unstoppable by enabling them to
connect, secure and scale anywhere, anytime. From our portfolio of
data centres we own and operate across the UK to connected sites
around the world, our 500-strong team can design and deploy the
right cloud solution for our customers.
