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NEWS15 August 2013

Ebiquity looks at possible sale in strategic review

Financials UK

UK — Ebiquity could be up for sale according to a statement by its board of directors issued today ( 15.8.13 ).

The media and marketing performance measurement company said it had received interest from various parties and, as a result, had appointed Ingenious Corporate Finance to help in a review of its strategic options “which may include a sale of the company” according to a statement to the London Stock Exchange.

The statement added: “There can be no certainty that an offer will be made for the company or as to the terms of any such offer, should one be forthcoming. The board will make further announcements as appropriate in due course.”

Last month saw it announce final results for the year ending 30 April 2013 which saw revenues grow at 21% to £64m compared to £52.9m the year before with a record renewal rate of 93%.

CEO Michael Greenlees (pictured) said at the time: “These strong results reflect the culmination of a number of key strategic acquisitions that have enabled Ebiquity to take a leading position in the growing global media and marketing performance sector.”

@RESEARCH LIVE

1 Comment

6 years ago

Shareholders shaking things up, moribund share price, board growing old - all the ingredients for exits. Half the business is valuable, half is worthless - will be interesting to see who ends up with which piece !

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