The Board of Maxima Holdings plc (AIM: MXM), the IT business systems and managed services company, today announces that in line with its previous statement to dispose of non-core assets, agreement has been reached with the landlord for the surrender with effect from 23rd June 2012 of the Cheltenham lease for a consideration, including dilapidations of £660,000.
Maxima Holdings plc (AIM: MXM), the leading IT business systems and managed services company, is pleased to announce continued success for its managed services business, with a series of multi-year IT Managed Services contracts worth over £6.0 million.
Maxima's Managed Services, Infrastructure & Applications offering spans the desktop to the datacentre, and its recent Managed Services successes include contracts with:
A world-leading confectionery manufacturer – that has selected Maxima to provide a 3-year IT Managed Services contract valued at £2.75 million
A major UK Government Executive Agency – that has renewed an IT Managed Services contract to Maxima worth some £2.35 million over 2 years
A leading UK sports organisation – that has chosen Maxima to deliver a 3-year IT Managed Services contract valued at £0.48 million
Leading UK developer of high quality homes – that has selected Maxima to provide a 3-year IT Managed Services contract valued at £0.45 million.
Maxima Holdings plc (AIM: MXM), the leading IT business systems and managed services company, is pleased to announce its unaudited consolidated results for the six months ended 30 November 2011.
Financial Results
Revenues of £21.5m (H1 2011: £23.7m)
Adjusted* profit before tax £1.0m (H1 2011: £2.3m)
Loss before tax of £0.6m (H1 2011: Loss £0.04m) after £0.6m (H1 2011: £0.7m) of exceptional items
Adjusted* basic earnings per share 2.2p (H1 2011: 6.4p)
The Group had net debt of £9.9m at the end of the period (30 November 2010: £11.6m; 31 May 2011: £10.5m)
Disposals since half year end have reduced current net debt to £4.2m
(*before amortisation of intangibles, share-based payments, and exceptional items).
The Board of Maxima Holdings plc (AIM: MXM), the IT business systems and managed services company, today announces that in line with its previous statement to dispose of non-core assets, the disposal of the Document Management Services (“DMS”), Intellect and Microsoft sub-divisions, has been completed to M-Hance Group Limited, for a total gross consideration of £6.8 million, of which £6.5 million has been paid in cash and a further £0.3 million is deferred for 27 months.
The Board of Maxima Holdings plc (AIM: MXM), the IT business systems and managed services company, today announces that in line with its previous statement to dispose of non-core assets, the disposal of the Business and Assets of its Integrated Business Systems (“IBS”) sub-division, has been completed for a total gross consideration of £1.6 million, of which £1.4 million has been paid in cash and a further £0.2 million is deferred, pending renewal of certain annuity contracts.
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