(INFS.L) Infoserve Group PLC Buy/Sell

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Date/Time	Headline	Source
1
Fri 07:29	BRIEF-Infoserve to end Google adwords contract	AFX UK Focus
LONDON, Nov 20 (Reuters) - Infoserve Group Plc: FROM 7 JANUARY 2010 WILL CEASE TO BE AN AUTHORISED GOOGLE ADWORDS RESELLER DAILY OPERATIONS, REVENUES AND CUSTOMER SERVICES NOT EXPECTED TO BE `materially affected` ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
Fri 07:00	Infoserve Group PLC - Cessation of Contract	RNS
RNS Number : 8125C Infoserve Group PLC 20 November 2009 Infoserve Group plc Cessation of Contract Infoserve Group plc ("Infoserve" or the "Group") announces that, with effect from 7 January 2010, the Group will cease to be an Authorised Google AdWords Reseller. The Group will, however, continue to offer its SME customers a full range of online services, including organising Google AdWords campaigns as part of its overall portfolio. Infoserve's daily operations, revenues and customer services are not expected to be materially affected by the change, and costs will be reduced. The Group will continue to work to build strong business relationships with Google, the world's premier Search brand. For further information, please contact: `Infoserve Group plc www.infoservegroup.com` Steve Barnes, Chief Executive steve.barnes@infoserve.com `Tel: 0113 238 6200` Jonathan Simpson, Finance Director `jonathan.simpson@infoserve.com Tel: 0113 238 6200` Nominated Adviser WH Ireland Limited Robin Gwyn `Tel: 0161 832 2174` This information is provided by RNS The company news service from the London Stock Exchange END CNTBLBRTMMMBBBL More
Fri 07:00	Infoserve Group PLC - Proposed new loan facilities	RNS
RNS Number : 8088C Infoserve Group PLC 20 November 2009 Infoserve Group Plc Proposed new loan facilities and conversion of debt into equity Infoserve Group Plc ("Infoserve" or the "Company") is pleased to announce that it has reached agreement in principle with David Hood, the Company's major shareholder and a non-executive director of the Company, on the terms by which David Hood will provide additional funding for Infoserve and for the conversion of part of the Company's existing indebtedness to David Hood into new equity in the Company (the "Proposals"). The Proposals are subject to the negotiation and execution of legally binding contractual documentation. A further announcement will be made when these agreements have been entered into. Under the Proposals, David Hood will provide additional funding to the Company amounting to £0.8 million, comprising a loan, which would be available for immediate drawdown, of £0.55 million and a further facility of £0.25 million to be made available in the event of the Company's existing overdraft facility being withdrawn. The interest rate on both the new loan and the further facility would be 10% per annum. In addition, David Hood has agreed to the continued deferment of payments due to himself and his associate companies, amounting to £0.30 million and the writing off of other sundry trading liabilities amounting to £50,000. These new funding arrangements will enable the Group to continue to fund its ongoing and improving trading activities and to pursue other growth opportunities available to it. As part of the Proposals, the Company is proposing to issue 40 million new ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") to David Hood at an issue price of 5p per share in satisfaction of loans to the value of £2 million, currently owing by the Company to David Hood. The effect of the Proposals will be to increase David Hood's interest in the ordinary share capital of the Company from 46.86% to 82.84% and to reduce the value of the loans outstanding from David Hood to the Company, which at 31 October 2009 amounted to £3.52 million, by £1.45 million (or £1.2 million if the further facility is taken up). The Company intends to seek a waiver from the Panel on Takeovers and Mergers of the obligation that would otherwise arise, as a result of the issue of the new Ordinary Shares, for David Hood to make an offer to acquire all of the Ordinary Shares not already owned by him. If granted, any such waiver would be subject to approval of independent shareholders. A circular setting out details of the Proposals and convening a General Meeting of the Company for this purpose will be sent to shareholders as soon as legally binding contracts have been entered into. For further information, please contact: `Infoserve Group plc www.infoservegroup.com` Steve Barnes, Chief Executive steve.barnes@infoserve.com `Tel: 0113 238 6200` Jonathan Simpson, Finance Director jonathan.simpson@infoserve.com `Tel: 0113 238 6200` Nominated Adviser WH Ireland Limited Robin Gwyn `Tel: 0161 832 2174` This information is provided by RNS The company news service from the London Stock Exchange END MSCDGMMMVLDGLZM More
23-10-09	BRIEF-Infoserve hits breakeven as H1 sales rise	AFX UK Focus
LONDON, Oct 23 (Reuters) - Infoserve Group Plc: TOP LINE SALES* INCREASED TO &POUND;3,061K IN THE SIX MONTHS ENDED 30 SEPTEMBER `2009 from £2,590K,` A SMALL EBITDA* PROFIT COMPARED TO A LOSS OF &POUND;377K IN THE COMPARABLE PERIOD ON AN UNDERLYING BASIS, THE GROUP IS NOW PERFORMING AT OR AROUND BREAKEVEN EBITDA CONTINUING ITS DISCUSSIONS WITH ITS MAJOR SHAREHOLDER, DAVID HOOD, ON `potential capital-raising` ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
23-10-09	Infoserve Group PLC - Trading Statement	RNS
RNS Number : 2468B Infoserve Group PLC 23 October 2009 Infoserve Group plc Trading Statement Infoserve Group plc ("Infoserve", the "Company" or the "Group") announces the following trading update in respect of the six months ended 30 September 2009: The unaudited results for the six months ended 30 September 2009 are in line with the trading statement made at the AGM on 17 September 2009 and continue to reflect the Group's improving performance. Top line sales* increased to £3,061k in the six months ended 30 September 2009 from £2,590k, an increase of 18%, whilst gross profit* increased to £1,107k from £792k (+40%). Continued tight control of administrative costs contributed to a small EBITDA* profit compared to a loss of £377k in the comparable period last year. (* Excludes IAS 18 revenue recognition adjustment of (£113k) 2009 and +£51k 2008.The IAS 18 accounting adjustment spreads sales evenly over the life of the directory listing as opposed to top line sales which refers to cash received in any such period). Trading in October has continued at similar levels to September. On an underlying basis, the Group is now performing at or around breakeven EBITDA, with small cash inflows from trading. However as noted in the year end accounts and the Final Results statement to the market, the Group remains undercapitalised, leaving it able to operate at current trading levels but unlikely to be able to continue to grow at its present rate without additional funding. The Group has recently attempted to raise funds to grow the business and cover working capital commitments, and has approached a number of existing shareholders and new sources of finance. However it has been unable to raise any funds from these meetings and consequently the Group is continuing its discussions with its major shareholder, David Hood. These discussions are focusing on Mr Hood providing the group with the necessary finance in order that the group may continue to trade at the current levels of growth. The group will keep shareholders informed of any developments in these discussions in due course. The Group plans to announce its Interim Results during early December 2009. For further information, please contact: `Infoserve Group plc www.infoservegroup.com` Steve Barnes, Chief Executive steve.barnes@infoserve.com `Tel: 0113 238 6200` Jonathan Simpson, Finance Director jonathan.simpson@infoserve.com `Tel: 0113 238 6200` Nominated Adviser WH Ireland Limited Robin Gwyn `Tel: 0161 832 2174` This information is provided by RNS The company news service from the London Stock Exchange END TSTBXBDGUSDGGCD More
14-10-09	BRIEF-Infoserve apoints Jonathan Simpson as FD	AFX UK Focus
LONDON, Oct 14 (Reuters) - Infoserve Group Plc: APPOINTMENT OF JONATHAN SIMPSON AS FINANCE DIRECTOR ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
14-10-09	Infoserve Group PLC - Directorate Change	RNS
RNS Number : 7168A Infoserve Group PLC 14 October 2009 Infoserve Group Plc ("Infoserve" or the "Company") Appointment of Finance Director Infroserve Group Plc ("Infoserve" or the "Company") is pleased to announce the appointment of Jonathan Simpson to the board of directors of the Company as Finance Director, effective immediately. Before joining Infoserve as interim finance director in June 2009, Jonathan Paul Simpson, aged 33, was, between February 2007 and January 2009, chief financial officer and company secretary of Ultralase Group Limited and its subsidiary companies (the "Ultralase Group"), (the ultimate parent of the Ultralase Group being Ultralase Limited ("Ultralase") until its acquisition by Ultralase Group Limited in February 2008). The Ultralase Group is a market leading laser eye care business. Whilst at the Ultralase Group, Jonathan had responsibility for finance, information technology, management information and acquisitions. He was a key member of the management team which acquired Ultralase in 2008. Between November 2002 and January 2007 he was financial controller of Ultralase and Ultralase Medical Aesthetics Limited. He qualified as a chartered accountant in 2001. Jonathan Simpson is not currently a director of any other companies. During the past five years he has been a director of the following companies: Allclear Cambridge Limited Allclear Clinic Limited Cambridge Eye Laser Clinic Limited Hammersmith Clinic (Trading) Limited Nusight Limited Quality Healthcare Waterford Limited The Corneal Laser Centre Limited The London Centre for Refractive Surgery Limited Ultralase Acquisitions Limited Ultralase Finance Limited Ultralase Group Limited Ultralase Limited There is no further information to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies. Commenting on the appointment, Steve Barnes, Chief Executive said: "I am delighted to welcome Jonathan to the Infoserve board. He has strong accountancy practice experience as well as retail and business development skills, and brings with him invaluable knowledge and insights. Jonathan joins us at an important stage in the Group's development, and I and my fellow Directors look forward to working with him to improve productivity and profitability throughout Infoserve." For further information, please contact: `Steve Barnes (Infoserve Group Plc) Tel: 0113 238 6200` `Robin Gwyn (WH Ireland Limited) Tel: 0161 832 2174` This information is provided by RNS The company news service from the London Stock Exchange END BOAMGMMGVFDGLZM More
17-09-09	Infoserve Group PLC - Result of AGM	RNS
RNS Number : 2221Z Infoserve Group PLC 17 September 2009 Infoserve Group plc ("the Company") Result of AGM Infoserve Group plc (AIM:INFS), a leading online local search marketing specialist, confirms that all the resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed. For further information, please contact: Infoserve Group plc Steve Barnes, Chief Executive Officer Tel: 0113 238 6200 `steve.barnes@infoserve.com www.infoserve.com` `WH Ireland Limited Tel: 0161 832 2174` Robin Gwyn This information is provided by RNS The company news service from the London Stock Exchange END RAGCKOKNCBKKACD More
17-09-09	Infoserve Group PLC - AGM Statement	RNS
RNS Number : 1904Z Infoserve Group PLC 17 September 2009 Infoserve Group plc AGM Statement Infoserve Group plc ("Infoserve" or the "Company"), a leading online local search marketing specialist, will be holding its Annual General Meeting at 10.00 am today. James Newman, Chairman, will provide the following trading update:- "The unaudited results for the five months ended 31 August 2009 reflect the continued improvement in the Group's performance. Top line sales* increased from £2,112k in the five months ended 31 August 2008 to £2,514k, an increase of 19%, whilst gross profit* increased from £654k to £860k (+32%). Continued tight control of administrative costs contributed to an £8k EBITDA* profit from a loss of £330k in the comparable period last year. An EBIT* loss of £80k for the five months showed a reduction from a £458k loss in 2008. (* Excludes IAS 18 revenue recognition adjustment of (£95k) 2009 and +£54k 2008. The IAS 18 accounting adjustment spreads sales evenly over the life of the directory listing as opposed to top line sales which refers to cash received in any such period.). Productivity per sales executive for the period was maintained at last year's record level of £23k despite a major recruitment campaign, which would normally be expected to reduce productivity because of the higher percentage of less experienced sales staff. Cash inflow from trading activity (excluding working capital fluctuations) for the first five months of the financial year was £8k. Ongoing capital expenditure remains under tight control and was kept at £18k for the period. The Group has met all its deferred payment obligations to HMRC and the PAYE element has now been settled in full. Performance over the last three months has shown further continued improvement, with cash generated from trading averaging £26k per month. Once again, the impact of the IAS18 revenue adjustment means that cash generation exceeds reported EBITDA by some £38k per month. As Group revenues grow, so the available renewal revenues increase (over 50% of revenue still comes from renewals). The Group also expects the current trend of growing new business sales to be maintained and, therefore, revenues to continue to improve. During July and August, the traditionally quiet holiday season, average sales per day reached new historic highs. The Group expects daily revenues to continue to increase in the traditionally busy pre-Christmas period." For further information, please contact: `Infoserve Group plc www.infoservegroup.com` Steve Barnes, Chief Executive steve.barnes@infoserve.com `Tel: 0113 238 6200` Jonathan Simpson, Interim Finance Director jonathan.simpson@infoserve.com `Tel: 0113 238 6200` Nominated Adviser WH Ireland Limited Robin Gwyn `Tel: 0161 832 2174` This information is provided by RNS The company news service from the London Stock Exchange END AGMCKAKKABKDDCD More
24-08-09	Infoserve Group PLC - Notice of AGM	RNS
RNS Number : 9070X Infoserve Group PLC 24 August 2009 Infoserve Group plc (the "Company") Notice of Annual General Meeting The Company announces that it has today dispatched a circular to shareholders to convene the annual general meeting of the Company at 10.00 a.m. on 17 September 2009 at The Caf?ar, Multiflight Training Centre, South Side Aviation, Leeds Bradford International Airport, Leeds, LS19 7UG ("AGM"). A copy of the circular dispatched to shareholders to convene the AGM is available on the Company's website, www.infoservegroup.com. For further information, please contact: `Infoserve Group Plc Tel: 0113 238 6200` Steve Barnes, Chief Executive `WH Ireland Limited Tel: 0161 832 2174` Robin Gwyn This information is provided by RNS The company news service from the London Stock Exchange END NOACKQKNNBKDQFB More

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