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.
The Board of Maxima Holdings plc (AIM: MXM), the IT business systems and managed services company, announces that, at its Annual General Meeting held today, all the resolutions contained within the Notice of the Meeting were duly passed.
Maxima Holdings plc, (AIM: MXM) the integrated IT Solutions and Managed Services Company announces that Executive Chairman, Ian Smith purchased 100,000 ordinary shares in the market (50,000 at 27.68p and 50,000 at 28.7p) on 25 October 2011, representing 0.28% of the ordinary shares of the Company in issue. Ian Smith’s total interest in the Company (including that owned by MXC Capital Limited of which he is a managing partner) has increased to 5,100,000 ordinary shares, representing 14.46% of the ordinary shares of the Company in issue. The trade was advised to the Company on the 26 October 2011.
Following admission of the new ordinary shares in the company pursuant to the placing announced on 19 October 2011, Maxima confirms that there are now 35,261,402 shares in issue and that the Directors’ holdings in the issued share capital of the Company are as follows:
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