Proxama has today announced the sale of its Digital Payments division for up to £2m, less working capital and fees. The proceeds will be used to provide working capital to the mobile location data intelligence division, which becomes the exclusive focus of the group. In light of this, management is proposing to rename the group Location Sciences, subject to shareholder approval. Mark Slade, currently MD of this division, has replaced John Kennedy as CEO.
01 Nov 2017
- Sale of Digital Payments division
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- Sale of Digital Payments division
Sorted Group Holdings Plc (SORT:LON) | 82.0 0 0.0% | Mkt Cap: 3.47m
- Published:
01 Nov 2017 -
Author:
Bridie Barrett -
Pages:
2
Proxama has today announced the sale of its Digital Payments division for up to £2m, less working capital and fees. The proceeds will be used to provide working capital to the mobile location data intelligence division, which becomes the exclusive focus of the group. In light of this, management is proposing to rename the group Location Sciences, subject to shareholder approval. Mark Slade, currently MD of this division, has replaced John Kennedy as CEO.