5 February 2016 – proposed disposal
Following the recent positive trading update and the news that the group had received several indicative offers for the Aftermarket Services division, Regenersis has revealed that it has agreed to dispose of its Repair Services Business for cash consideration of €103.5m. This is part of the Aftermarket Services division with the remaining part, the Digital Care business, also expected to be sold shortly. Following the disposal the company intends to return around £50m to shareholders. Going forward, the group will become a pure play global software business, and will change its name to Blancco Technology Group. Following this announcement we reduce our recommendation to FIRM HOLD.