TWE Twenty

    RNS Number : 5147C
  Twenty PLC
  02 September 2008
   
       2 September 2008
    TWENTY PLC
    (AIM: TWE)

    ("Twenty" or "the Company")

    Disposal of Division



    The Board of Twenty, an investment vehicle focusing on the marketing services sector, announces the sale of the business and assets of
its Direct Communications Division ("the Division") for a cash consideration of �340,000. The consideration will be paid in two parts.
�300,000 of the consideration has been paid at completion with the remainder deferred until 30 November 2008. The consideration will be
absorbed into the working capital of the Company. At completion, the net book value of the disposed assets (comprising polywrapping and
enclosing machinery) was �146,590.

    The Division was part of the Dataforce Group business and delivers polywrapping, personalised laser printing and machine enclosing of
clients marketing material. In the year to 31 December 2007 the Division had turnover of �2.90m and an operating loss of �0.23m. 

    The disposal of the Division moves Twenty out of a non core market segment where it's presence was sub scale and will allow the
management team to focus on growing its data analytics and customer knowledge business.


    Enquiries:

    Twenty Plc                                                   Tel: 01908 829300 
    Ian Lancaster, Chief Executive
                            
    Daniel Stewart & Company plc                    Tel: 020 7776 6550
    Graham Webster 

    Bishopsgate Communications Ltd                Tel: 020 7562 3350
    Maxine Barnes
    Nick Farmer
    twenty@bishopsgatecommunications.com





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