Daisy Group plc, together with its subsidiaries, provides telecommunication and managed services to SME, and mid-market and corporate businesses in the United Kingdom. The company operates through three divisions: Daisy Retail, Daisy Wholesale, and Daisy Distribution. It offers network services, such as fixed line calls and rentals, inbound telephony services, and select services; data solutions, which include hosting, broadband, leased lines, bonded DSL, IP VPN/MPLS networks, Ethernet, and Voice over Internet Protocol(VoIP) solutions; and systems maintenance, and engineering and equipment services. The company is also involved in the retail of mobile products, including mobile and smart pho...
Lindred Road Business Park
Nelson, BB9 5SR
Phoenix In Talks With Daisy Group
May 21 15
Toscafund Asset Management LLP and Daisy Group plc are in advanced talks to make an offer to acquire Phoenix IT Group PLC (LSE:PNX). Toscafund and Daisy might make an offer to acquire issued share capital for 160 pence per share. Daisy has confirmed to the Board of Phoenix that it has completed its due diligence and is well advanced with the finalisation of the necessary financing arrangements. Andrew Pinder, Patrick Robb, Sebastian Lawrence of Investec Bank plc acted as financial advisor to Phoenix. Anthony Gutman, Nicholas van den Arend and Chris Emmerson of Goldman Sachs International acted as financial advisor to Daisy.
Daisy Group plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014
Dec 31 14
Daisy Group plc announced unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported revenue of £169,600,000 compared to £173,900,000 a year ago. Operating loss was £8,095,000 compared to £11,931,000 a year ago. Adjusted EBITDA was £25,830,000 compared to £27,806,000 a year ago. Loss before tax was £12,112,000 compared to £14,995,000 a year ago. Loss after tax was £9,809,000 or 3.80 pence per basic and diluted share compared to £10,072,000 or 3.90 pence per basic and diluted share a year ago. Net cash generated from operating activities was £10,897,000 compared to £14,366,000 a year ago. Payment to acquire intangible assets was £4,065,000 compared to £5,401,000 a year ago. Purchase of property, plant and equipment was £759,000 compared to £1,944,000 a year ago.
Daisy Group plc Announces Resignation of Directors
Dec 22 14
Further to the announcement made by Chain Bidco plc on December 9, 2014 that it had acquired or had received valid acceptances of the offer in respect of, in aggregate, 261,230,066 Daisy Group plc's shares (representing approximately 97.85% of the total issued share capital of the company), Peter Dubens, Christina Kennedy, Laurence Blackall and Ian McKenzie have resigned as directors of the company with effect from December 19, 2014.