Sale of Percipient Networks
Boston - 17 January 2018 - Allied Minds (LSE: ALM) today announces it has completed the sale of Percipient Networks, Inc. to WatchGuard Technologies, Inc. for an undisclosed cash consideration. The modest reduction to Allied Minds' group subsidiary ownership adjusted value (GSOAV) was materially offset by the cash received as a result of the transaction.
For more information, please contact:
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Allied Minds plc Neil Pizey, Head of Corporate Development |
+44 7771 872 922 |
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FTI Consulting Ben Atwell / Brett Pollard |
+44 20 3727 1000 |
ENDS
About Allied Minds
Based in Boston, Allied Minds plc is an IP commercialisation company focused on technology and life sciences. With extensive access to U.S. federal government laboratories and universities, as well as partnerships with leading U.S. corporations, Allied Minds forms, funds, and operates a portfolio of companies with the objective of delivering successful liquidity events that will generate attractive long-term returns for its investors and stakeholders. Allied Minds supports its businesses with capital, resources, and expertise. For more information, please visit www.alliedminds.com
Allied Minds Forward-Looking Statement
This press release contains statements that are or may be forward-looking statements, including statements that relate to Allied Minds' future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risks and uncertainties described in the risk factors included in Allied Minds' regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of Allied Minds and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure Guidance and Transparency Rules, neither Allied Minds nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.