April 19, 2007, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company'), (AIM: LEAD), a leading international provider of innovative telecommunication solutions, announces that it has signed a term sheet with a private company in its business sector, with headquarters in Europe and extensive operations in Africa, which are significant in relation to Leadcom’s operations in CEEMEA. These new operations would widen Leadcom’s footprint into new countries as well as strengthening some existing ones. Due diligence is now commencing and negotiation of a definitive agreement, if successful, is likely to take up to two months.
The acquisition would be accretive to the earnings per share from the time of acquisition and can be funded well within the resources already available to the Company.
Enquiries:
Yael Margoninsky - Leadcom
Tel: +972 9 769 0011
Andrew Godber – Panmure Gordon
Direct: +44 (0) 20 7614 8385
Luke Ahern – Blue Oar Securities
Tel: +44 (0) 20 7448 4430
Jonathan Shillington/Matthew Austin – The Global Consulting Group
Tel +44 (0) 20 7826 2600 |