LMS Capital plc (LMS.L) said that it has sold its interest in Apogee, one of the UK’s leading suppliers of digital document solutions, for cash consideration of 16 million pounds. This represents a 2.1 times return on cash invested and an IRR of 30% since acquisition in 2010.
The company stated that Richard Christou (the current Chairman) and Mark Sebba have decided not to stand for re-election to the Board at the forthcoming Annual General Meeting. Martin Knight has agreed to take over as Chairman from the conclusion of the Annual General Meeting.The company said it expects to announce its preliminary results for the year ended 31 December 2012 on Monday 18 March.
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by RTT Staff Writer
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