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Sthree PLC Announces Sale Of Non Core Business


Wednesday, 24 Jul 2013 07:59am EDT 

SThree plc announced that it has sold Jobboard Enterprises Limited, the corporate entity of The IT Job Board (ITJB), to Dice Holdings, Inc for an initial cash consideration of GBP9.2 million (including GBP1.2 million of cash transferred with the business), plus a further GBP3 million, dependent upon the achievement of certain financial targets ending in 2014. ITJB is a small, non-core part of SThree's business and its assets were classified as "held for sale" on the Group's Interim Statement of Financial Position. The net proceeds from the sale will further strengthen the Group's financial position. 

Company Quote

319.0
3.75 +1.19%
11:35am EDT