21/07/10
KSS Limited Trading Update
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12/07/10
NOMAD Change of Name
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23/06/10
Magenta: Maxifier and 24/7 Real Media Win Ad Technology Platform Award
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21/06/10
Acquisition of own shares
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17/06/10
Holdings in Company
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14/06/10
Director Shareholding
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14/06/10
Acquisition of own shares
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11/06/10
Acquisition of own shares
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04/06/10
Acquisition of own shares
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01/06/10
KSS: Topaz Chooses KSS for Fuel Price Management
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26/05/10
ToLuna: AGM Trading Update
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12/05/10
LogNet: CTT Correios de Portugal Selects LogNet Systems for Utilities Services
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30/04/2010
Total Voting Rights
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13/4/10
Holdings in Company
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9/04/10
Acquisition of own shares
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8/4/10
Holdings in Company
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1/04/10
Acquisition of own shares
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1/04/10
Return of cash
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31/03/10
High Court Approval of Capital Reduction
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31/03/10
Eurovestech - Total Voting Rights
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29/03/10
ToLuna - Final results for the year ended 31 December 2009
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29/03/10
Result of General Meeting
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26/03/10
Magenta Corporation signs Maxifier contract with 24/7 Real Media, Inc.
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25/03/10
Acquisition of own shares
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24/03/10
Issue of equity and directors' shareholdings
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23/03/10
Eurovestech - Interim report for the six months ended 31 December 2009
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17/03/10
LogNet: Simfonics Selects LogNet Systems for MVNO Enabling Platform
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10/03/2010
Proposed Return of Cash to Shareholders
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24/02/10
Eurovestech - Proposed cash return of approximately £7.5 million to shareholders.....
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24/02/10
LogNet Systems Announces Record Financial Results for 2009
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10/02/10
KSS contract win
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01/02/10
ToLuna Trading Update
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13/1/10
Holdings in Company
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4/01/10
Sale of Portfolio Company - Eurovestech to receive £11 million in cash
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7/12/09
KSS latest press release
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20/11/2009
Holdings in Company
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17/11/2009
MYtv® in Ukraine Deploys MaxBill Product Suite from LogNet Group
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15/10/009
NOMAD Change of Name
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29/09/09
Final results for the 15 month period ended 30 June 2009
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28/09/2009
Caiway in the Netherlands Selects LogNet Group for Customer Management and Billing
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25/09/09
Holdings in Company
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12/08/09
Related Party Transaction
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11/08/09
KSS Receives Patent for Intelligence Behind RackPrice Software
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30/07/09
KSS Trading Updates
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28/07/09
KSS Mapping Software Named Finalist
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14/07/09
Portfolio company update; cash received from sale of part of ToLuna holding
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30/06/09
Total Voting Rights
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26/06/09
ToLuna agrees major acquisition and Eurovestech realises approximately £7.5 million from sale of ToL
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26/06/09
ToLuna; Acquisition from Microsoft
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25/06/09
KSS Retail wins major multi-million dollar contract and signs strategic alliance with dunnhumby USA,
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29/05/2009
Charity Shares
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07/05/2009
ARKeX and Sonatrach form long term partnership
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15/04/2009
Toluna - Preliminary Results
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01/04/2009
Change of accounting reference date and Trading update
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12/02/2009
Toluna Pre-Close Trading Update
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29/01/2009
Magenta’s new advertising technology snapped up by broadcasters
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12/01/2009
Portfolio Company Trading Update
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07/01/2009
Availability of Interim Results
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18/12/2008
Director’s shareholdings
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18/12/2008
Interim results for the six months ended 30 September 2008
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5/11/2008
New investment and expansion plans at Mist Technologies SA
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31/10/2008
Total Voting Rights
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28/10/2008
Result of AGM
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30/09/2008
Further re: Charitable Donations
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26/09/2008
Notice of the AGM
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26/09/2008
Director's shareholdings
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25/09/2008
Preliminary Results for the year ended 31 March 2008
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22/09/2008
Toluna Interim Report for the six months ended 30 June 2008
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11/09/2008
KSS Retail - Contract Win
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05/09/2008
Further re directors' incentive arrangements
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5/08/2008
Gulf Oil Selects KSS Fuels Pricing and Business Intelligence Solutions
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28/07/2008
KSS PriceNet Expands Network of Circle K Sites
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21/07/2008
Knowledge Support Systems - Contract win
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18/07/2008
KSS Retail wins dabs.com contract
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10/07/2008
Toluna named fastest growing company in France by L'Entreprise Magazine
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01/07/2008
Arkex Fundraising
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18/06/2008
Toluna - Acquisition of Common Knowledge Inc.
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06/06/2008
Holdings in Company
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05/06/2008
KSS Retail - Contract win
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22/05/2008
Holdings in Company
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12/05/08
Magenta update
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09/05/2008
Director’s shareholdings
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07/05/2008
KSS - Contract wins
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11/04/2008
Holdings in Company
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07/04/2008
Toluna Preliminary Results
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02/04/2008
Holdings in Company
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31/03/2008
Eurovestech plc - Total Voting Rights
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18/03/2008
Holdings in Company
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13/03/08
Holdings in Company
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03/03/2008
Eurovestech - Issue of Equity
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03/03/2008
Directors’ Incentive Arrangements
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28/02/2008
KSS Retail - Contract win
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05/2/2008
Toluna Trading Statement
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04/02/2008
Eurovestech - Director's shareholdings
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31/01/2008
Eurovestech - Total Voting Rights
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24/01/2008
Holdings in Company
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20/12/2007
Interim results for the six months ended 30 September 2007
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3/12/2007
KSS Retail - Contract Win
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19/11/2007
Toluna signs exclusive joint B2B panel agreement with Incisive Media
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8/11/2007
Eurovestech - Result of AGM
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1/11/2007
KSS Retail named Marketing Vendor of the Year
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31/10/2007
Mist Update
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26/10/2007
KSS Retail - Retalix Partnership Agreement
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25/10/2007
StatoilHydro selects KSS Fuel Price Management
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24/10/2007
Holdings in Company
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23/10/2007
Holdings in Company
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19/10/2007
Directors' Shareholdings
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19/10/2007
KSS signs co-operation agreement with SAP
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18/10/2007
KSS Retail contract win
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16/10/2007
Mist Technologies Investor Presentation
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12/10/2007
Holdings in company
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28/9/2007
Preliminary Results for the year ended 31 March 2007
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12/9/2007
ToLuna plc - Interim Report for the six months ended 30 June 2007
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6/9/2007
Holdings in company
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15/8/2007
AIM Rule 26 Company Information Disclosures
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3/8/2007
Wal-Mart division selects KSS for Retail Fuel Pricing Solution
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31/7/2007
Total Voting Rights
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18/7/2007
Directors' Shareholdings
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17/07/2007
Update on Investments
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11/7/07
KSS Trading Update and Intention to Demerge Retail Division
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6/6/2007
Magenta contract wins and profitability forecast
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6/6/07
Toluna Director Shareholding
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23/5/07
Toluna AGM Statement
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13/4/07
Warning letter to shareholders
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21/3/2007
Holdings in company
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13/3/2007
Issue of shares to charity
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8/3/07
Holdings in company
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23/2/2007
Holdings in company
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2/2/2007
Directors' shareholdings
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25/1/2007
Toluna Trading Update
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12/1/2007
KSS Contract Win
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10/1/2007
Holdings in company
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14/12/2006
Interim results for the six months ended 30 September 2006
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07/11/2006
Placing of ToLuna plc shares
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18/10/2006
Eurovestech plc - Portfolio Update
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27/09/2006
Preliminary Results for the year ended 31 March 2006
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25/09/2006
Eurovestech plc - Holding in Pixology
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13/09/2006
ToLuna plc - Interim Report for the six months ended 30 June 2006
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07/09/2006
ToLuna expands into North America
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14/08/2006
Largest subsidiary of Alimentation Couche-Tard to use KSS PriceNet to set daily fuel pump prices
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28/07/2006
Eurovestech plc - Holdings in Company
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14/07/2006
Magenta Corporation Limited
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06/07/2006
Eurovestech plc - Holdings in Company
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04/07/2006
Portfolio Update
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29/06/2006
ToLuna plc: Notifiable interest
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24/05/2006
ToLuna: Landmark figure of one million panellists reached. Current year revenue and operating profit
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28/04/2006
Eurovestech plc - Additional Listing
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04/04/2006
ToLuna plc Preliminary Results for the period ended 31 December 2005
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22/12/2005
Eurovestech Plc - Directors Dealings
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20/12/2005
Eurovestech Plc - Exercise of Options
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14/12/2005
Eurovestech Plc - Interim Results for the six months ended 30 September 2005
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14/12/2005
Eurovestech Plc - Appointment of Joint Broker
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07/12/2005
ToLuna Plc - Unaudited Interim results for the six months to 30 September 2005
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26/10/2005
Eurovestech Plc - Preliminary Results for the year ended 31 March 2005
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08/09/2005
ToLuna - Trading Statement
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11/08/2005
Knowledge Support Systems Limited ("KSS") Trading Update
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15/05/2005
Cjudge Limited IPO: Near eightfold increase against Eurovestech's cost of investment
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05/04/2005
KSS and FuelQuest partner to optimize end-to-end retail fuels management processes
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30/03/2005
Statement re Investment
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14/03/2005
Directors' dealings and variation of terms of warrants
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01/03/2005
Update on investment
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10/01/2005
Knowledge Support Systems Limited ('KSS') Contract
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4/01/10
Sale of Portfolio Company - Eurovestech to receive £11 million in cash
Eurovestech is pleased to announce that on 31 December 2009 it sold its portfolio company, KSS Retail Ltd (“KSS Retail”) to dunnhumby Limited (“dunnhumby”) for a cash consideration of £12.9 million.
Knowledge Support Systems Limited, the provider of price optimisation solutions for the retail and petroleum fuel industries, was acquired by the Company in June 2003 for a total consideration of £1 million. At that time, Knowledge Support Systems was loss making with revenues of around £1 million per annum and an annual cost base of approximately £7 million. Knowledge Support Systems' strategy was refined, operations were quickly restructured into two divisions, KSS Fuels and KSS Retail, and operating expenses were significantly reduced. In September 2007, the Retail division was demerged, leaving the two companies to pursue independent strategies that were more highly tailored to the needs of their respective market sectors, customers and potential channel partners.
In the financial results of the Company for the 15 months to 30 June 2009, as announced on 29 September 2009, KSS Retail reported a profit after tax of £1.6 million for the 15 months to 30 June 2009 and as at that date had a carrying value in Eurovestech's balance sheet of £10 million.
Eurovestech will receive £11.0 million of the consideration after taking account of management and employee option entitlements. The contract for the sale of KSS Retail includes a requirement that there will be a given level of adjusted cash reserves at completion and Eurovestech will be liable to reimburse the consideration received to the extent of any shortfall. In addition, KSS Retail has repaid its intercompany indebtedness due to the Company, amounting to approximately £1.8 million at completion. The contract includes the normal warranties and indemnities.
In addition, KSS Fuels and KSS Retail and their US subsidiaries have entered into a co-existence agreement aimed at protecting their respective interests in the fuels and consumer retail sectors. Eurovestech owns 100 per cent. of the issued share capital of KSS Fuels, which had a carrying value of £9.5 million in Eurovestech's balance sheet as at 30 June 2009.
Following the completion of the sale of KSS Retail, the Company will hold cash and liquid assets of approximately £17 million. Eurovestech also holds 29.8 per cent of the issued share capital of ToLuna plc, which values Eurovestech’s holding currently at approximately £34 million. As announced at the time of the final results for the period ended 30 June 2009, published on 29 September 2009, the directors stated that following the sale of part of the ToLuna shareholding, the Company had sufficient distributable reserves to allow it to make shareholder distributions and that it was evaluating a number of options with its advisers. Following the sale of KSS Retail, the Directors intend to return a significant proportion of the Company's cash reserves to shareholders. The Directors will be consulting with the Company's major shareholders regarding the most efficient means of returning capital to shareholders and expect that a further announcement will be made on or before mid-February 2010.
Commenting, Richard Bernstein, Eurovestech's Chief Executive, said:
“I believe this is an excellent outcome and return on investment for Eurovestech. Over the last six years, KSS Retail has been transformed to become a leading provider of price optimisation solutions. The calibre of the purchaser speaks volumes as to the quality of the business.”
Further information:
Eurovestech plc
Richard Bernstein - Chief Executive Tel: 020 7491 0770
Merchant John East Securities Limited
David Worlidge / Simon Clements Tel: 020 7628 2200
Cenkos Securities plc
Ivonne Cantu Tel: 020 7397 8900
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