Completion of Sale of USP Business to Oracle


 

TIDMESG 
 
RNS Number : 4968Q 
eServGlobal Limited 
04 August 2010 
 

 
Completion of Sale of USP Business to Oracle 
Sydney: 4 August 2010 
 
eServGlobal Limited (ASX: ESV; LSE: ESG) is pleased to announce that it has 
today completed the sale of its USP Business and USP Products to Oracle for 
AUD$107M (GBPGBP61.4M) following the satisfaction or waiver of all outstanding 
conditions. 
After taking into account prior year tax losses in various countries, we 
anticipate the tax liability on the transaction will be approximately AUD$9M 
(GBPGBP5.1M), of which the majority will be Australian taxes generating franking 
credits. 
eServGlobal's Chief Executive Officer Richard Mathews commented " We are pleased 
to have completed this transaction and look forward to the exciting 
opportunities our remaining businesses will provide." 
The Board intends to now expeditiously undertake a capital management review as 
described in the company's 26 May 2010 announcement. 
ENDS 
 
 
 
+------------------------------------------------------------------------+-------------------+ 
| eServGlobal Limited                          Tel: +61 7 3302 0194      |                   | 
| Jason Lilienstein                            info@eservglobal.com      |                   | 
| Company Secretary                                                      |                   | 
|                                                                        |                   | 
+------------------------------------------------------------------------+-------------------+ 
|                                                                        |                   | 
| Altium (AIM)                              Tel: +44(0)20 7484 4040      |                   | 
| Nominated adviser, Mike                                                |                   | 
| Fletcher/Paul Lines                                                    |                   | 
| Corporate Broking, Chloe Ponsonby                                      |                   | 
|                                                                        |                   | 
+------------------------------------------------------------------------+-------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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