Radius Plc, Hull, agreed to pay UKP2m – UKP1.2m cash, 618,500 new shares to be retained by the vendors, for the venerable ICL systems house Systemsolve (Computer Services) Ltd, Feltham, Middlesex. Some 950,000 shares will be placed to raise the cash portion and give Radius about UKP280,000 in working capital. Systemsolve, which did UKP200,000 pre-tax […]
Radius Plc, Hull, agreed to pay UKP2m – UKP1.2m cash, 618,500 new shares to be retained by the vendors, for the venerable ICL systems house Systemsolve (Computer Services) Ltd, Feltham, Middlesex. Some 950,000 shares will be placed to raise the cash portion and give Radius about UKP280,000 in working capital. Systemsolve, which did UKP200,000 pre-tax before exceptional items on sales of UKP2.5m in 1988, provides software and services to ICL customers and to ICL itself – especially in the local authority field.
