RNS Number : 2362N

IDE Group Holdings PLC

28 September 2021

IDE Group Holdings Plc

Potential sale of subsidiary

28 September 2021

IDE Group Holdings plc (the "Company"), the mid-market network, cloud and IT managed services provider, announces that it is in advanced discussions to sell its wholly owned subsidiary, IDE Group Connect Limited ("Connect") for an expected consideration of GBP250,000. The Company will issue a further update in due course.

The Company will release its interim results for the 6 months ended 30 June 2021 on 30 September 2021.

For more information, contact:

 IDE Group Holdings Plc                     Tel: +44 (0)344 
  Andy Parker, Non-Executive Chairman        874 1000 
 finnCap Limited                            Tel: +44 (0)20 7220 
  Nominated Adviser and Broker               0500 
  Corporate finance: Jonny Franklin-Adams 
  / Abby Kelly 
  ECM: Tim Redfern / Richard Chambers 

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(END) Dow Jones Newswires

September 28, 2021 06:44 ET (10:44 GMT)

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