26 November 2012
Enables IT Group PLC
("Enables" or "the Company")
(formerly Nexus Management Plc)
Acquisition of Enables IT Limited and readmission to trading on AIM
Further to the announcement made on 30 October 2012, the Company is pleased to
announce the readmission of its enlarged issued share capital to trading on AIM
following completion of the acquisition of Enables IT Limited for £4.25
consideration, which has been satisfied by the issue of 11,798,475
consideration shares. The acquisition constitutes a reverse takeover under the
AIM Rules. The legal name of the Company has been changed to Enables IT Group
PLC with immediate effect and dealings in the enlarged issued share capital
will commence at 8.00am today with ticker EIT.
On admission, the Company will have 15,842,425 ordinary shares admitted to
trading on AIM.
Enables operates in the IT Managed Services sector and is focused on growing
its business through both organic and acquisitive growth. Further information
on Enables and its business is set out below.
Marcus Hanke has today resigned from the board and Martin Bradburn has been
appointed to the board as Chief Information Officer.
Brief details of Martin Bradburn are set out below:
Martin Bradburn (Chief Information Officer), aged 42, has worked within the IT
services industry for over 20 years. In that time Martin has continued to apply
his technological expertise whilst developing his commercial experience.
In 1995 Martin joined Hartshead Education Services and was instrumental in
creating and building an IT services business within the company. He was
responsible for the day to day management of the IT services division. In 1997
the parent company, Hartshead Solway, was acquired by Capita Group plc. As a
result Martin was seconded to Capita-SIMS to provide direction on national
projects. Two years after the acquisition Martin joined ANS Group, taking
management control of the technical support and delivery elements of the
business. In August 2000 ANS Group floated on the Ofex (Plus) market and grew
substantially under the control of the management team. In 2004 Martin was
appointed to the board of the company as Chief Technical Officer. Martin joined
Enables in 2009 and is a minority shareholder in the Company.
Further information relating to Mr Bradburn, as required under schedule 2 of
the AIM Rules for Companies, is set out below in the section entitled
Merchant Securities Limited acted as Nominated Adviser.
Enables IT Group PLC Tel: +44 (0)778 976 6242
M Barney Battles
Merchant Securities Ltd (Nomad) Tel: +44 (0)20 7628 2200
Simon Clements / Virginia Bull
Peterhouse Corporate Finance (Broker) Tel: +44 (0)20 7469 0937
Bishopsgate Communications Ltd Tel: +44 (0)20 7562 3350
Nick Rome / Sam Allen / Matt Low
Copies of the AIM Admission Document are available on the Company's website
Background information on Enables
Enables is a private company limited by shares which was incorporated in
England and Wales on 9 December 1991. The company was previously named Network
Cabling Installations Limited and NCI (UK) Ltd. The company provides network
and IT solutions and is led by Michael Walliss, who joined the company in 1992
and was appointed as Managing Director in 1996. Enables provides technical
solutions to business problems and offers on-going support services. Enables
partners with industry vendors and provides its customers with solutions that
are tailored to their needs, with no vendor tie-in.
Enables's customers are focused in the health, education and corporate sectors
across the United Kingdom. Enables conducts thorough audits prior to commencing
work in order to clearly understand its customers' existing IT infrastructure
and limitations. Enables's staff communicate with clients to determine specific
needs and use the audit findings, and the consultants own experience and
expertise, to design infrastructures based on the benefits the clients require.
Implementation is undertaken in partnership with the client to ensure there is
a complete understanding of the solution and technology at all times by all
Enables looks to develop new client relationships whilst also focusing on its
current client portfolio which contains customers with whom the company has had
over 12 years of continuous engagement.
Enables offers a complete end-to-end service in the following key areas:
* Virtualisation and Cloud;
* Wireless & Networks; and
* Managed Support.
Under Schedule 2, paragraph (g) of the AIM Rules, the following information is
Directorships held by Mr Bradburn in the past five years other than Enables IT
Director Current Directorships/ Past
Martin Bradburn Glass Ceiling Limited ANS Group PLC
Mr Bradburn has confirmed there is no additional information under schedule 2,
paragraph (g) of the AIM rules which needs to be disclosed.
-0- Nov/26/2012 07:00 GMT
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