AIM Company Profile

Below is the information we hold on the AIM company you have chosen to view. As a registered user, you can can view the Share Price, any public documents or presentations on the AIM company plus any additional details. Click on the share price 'Block' and you can view extended charting and share information. 'Bookmark' the company to your own portfolio, print off the page details and download as a 'pdf'. You can also rate this AIM company by simply clicking the 'star' rating. If we hold news on this company, relevant articles will be displayed for you to view. Note: All share information is subject to a 15min. delay.

TRADE SHARES IN THIS AIM COMPANY
  1. Software & Computer Services
  2. »
  3. SCISYS
Key Company Info.
Trading Notes:

Cancellation of Trading - 19th Dec 2019 - Acquisition (Merger/MBO/Private/PLC Acquisition/ Takeover/Scheme)

Company Description:

The SCISYS group of companies ("SCISYS Group") operates in a broad spectrum of market sectors. It supplies bespoke software systems, IT-based solutions and support services to the Media & Broadcast, Space, Government, Defence and Commercial sectors. Employing around 580 staff, the SCISYS Group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom and advanced technology solutions. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Thales Alenia Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, Radio France, RTL, RNLI, Pets at Home, Siemens and the National Trust. SCISYS' main country of operation is the United Kingdom but has a significant presence in Germany. Given: (i) the European nature of the SCISYS Group's business and operations; (ii) ongoing uncertainty concerning the future relationship of the United Kingdom with the European Union; (iii) the potential impact on the ability of the SCISYS Group to participate in EU-funded programmes following Brexit; and (iv) the SCISYS Group's ongoing desire to continue its long-standing participation in European Union funded programmes, the directors of SCISYS PLC have now concluded that it is in the best interests of the SCISYS Group to begin formal steps to implement a restructuring of the SCISYS Group. In the Directors' view, this move is expected to satisfy any applicable European Union residency requirements for EU-funded work without adversely affecting the SCISYS Group's ability to continue contributing to space programmes funded by ESA, the UK Space Agency and commercial operators. To this end, SCISYS PLC proposes to put in place a new parent company for the SCISYS Group, SCISYS Group PLC, being a public limited company incorporated in the Republic of Ireland that is intended to be tax resident in the United Kingdom. It is intended that this new corporate structure will be implemented by means of a Court-sanctioned scheme of arrangement under the Companies Act 2006 (Scheme of Arrangement).

Active: No Longer Trading on AIM
EPIC:

SSY

List date: 25th September 1997 00:00
Region:

South West

Contact Information
You must be logged in to see this info
Advisors
Nominated Advisor:

finnCap Ltd

Broker:

finnCap Ltd

Send message to moderator

If this profile is about your AIM company, but the information is limited you can add to the information we hold. The company displayed HERE is a typical example of the type of information we can display about your company. Good promotion of your AIM listed company is critical for exposure to potential investors and liquidity in shares. Get in touch HERE if you would like to know more about how we can help promote your AIM listed company.