Inactive Instrument

ECSC GROU

Equities

ECSC

GB00BYMJ4J99

ECSC shares to be cancelled on Friday following takeover

June 20, 2023 at 09:42 pm IST

ECSC Group PLC - Bradford, England-based cybersecurity company - Announces that the High Court of Justice in England and Wales has sanctioned its takeover by Daisy Corporate Services Trading Ltd. The takeover is expected to be effective on Thursday. Consequently, company expects trading in its shares on AIM will be suspended on Thursday. The cancellation of its shares on AIM is expected on Friday.

ECSC agreed to the takeover back in March. Daisy offered 54.02 pence per share in cash, valuing ECSC at GBP5.4 million in total. Daisy provides secure communications, cloud services and cybersecurity to companies and public sector organisations.

Current stock price: 51.60 pence

12-month change: up 21%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Latest news about ECSC GROU

Daisy Corporate Services Trading Limited completed the acquisition of ECSC Group plc.	27/23/27	CI
Scheme of arrangement for ECSC takeover passes	23/23/23	AN
ECSC Group to Delist in London's AIM as Daisy Corporate Takeover Completes	22/23/22	MT
ECSC Receives Court Sanction for Daisy Corporate Services Scheme of Arrangement	21/23/21	MT
ECSC shares to be cancelled on Friday following takeover	20/23/20	AN
ECSC says hearing scheduled for June 20 to effect takeover	02/23/02	AN
ECSC Shareholders OK Daisy Corporate Services Takeover	25/23/25	MT
FTSE 100 Finishes Friday Up, Ending Quarter on Bright Note	31/23/31	DJ
Daisy Corporate Services to acquire ECSC for GBP5 million	31/23/31	AN
UK GDP Growth in 4Q Encourages But Still 'Feeble'	31/23/31	DJ
Daisy Corporate Services Trading Limited agreed to acquire ECSC Group plc for Â£5.4 million.	31/23/31	CI
FTSE 100 Closes Lower After Disappointing Earnings	28/23/28	DJ
Celsius hails MCB assays; Brandshield revenue rises	28/23/28	AN
BOE's Cunliffe Says Digital Pound Not Guaranteed	28/23/28	DJ
ECSC Group plc Provides Earnings Guidance for the Year Ended December 31, 2022	28/23/28	CI
ECSC shares jump on contract wins for MDR division	01/23/01	AN
AIM WINNERS & LOSERS: ECSC wins contracts; Orcadian raises GBP500,000	01/23/01	AN
ECSC Group plc Announces Three Significant Contract Wins in Its Managed Detection and Response Division	01/23/01	CI
Pressure Technologies hires replacement CFO, effective second quarter	17/23/17	AN
ECSC Group plc Reports Earnings Results for the Half Year Ended June 30, 2022	27/22/27	CI
ECSC Group Collaborates with Securonix on Managed Service Provider Program	22/22/22	MT
ECSC Names CEO as Founder-Chief Assumes Executive Chairman Role; Shares Up 5%	28/22/28	MT
ECSC Group plc Announces Board Changes	28/22/28	CI
ECSC Group plc Appoints Matthew Briggs as Chief Executive Officer	28/22/28	CI
ECSC Shares Up 12% on Three Cybersecurity Contracts	06/22/06	MT

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Company Profile

ECSC Group plc is a United Kingdom-based provider of cyber security services. It has three reportable operating segments: Assurance, Managed Detection and Response, and Vendor Products. The Company's protect services is designed to identify security vulnerabilities, assess risk and develop an appropriate action plan of improvements to protect systems. Its testing and assurance services encompass a wide range of technical and non-technical measures. Its services include penetration testing, cyber security review, cyber essentials, social engineering, code audit, managed WAF and managed payment card industry data security standard (PCI DSS) solution. The Company's detect services include active threat detection, cyber breach detection and cyber incident and response. The Company's 24/7 incident response service provides rapid remote and on-site support, and its services include emergency incident responses, incident response retainers and incident management exercise.

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