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    LQS   MT0000150103

LOQUS HOLDINGS P.L.C.

(LQS)
  Report
End-of-day quote Malta Stock Exchange  -  2022-08-08
0.4200 EUR   -6.67%
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Loqus p l c : Re-organisation of Subsidiaries

04/27/2021 | 07:35am EDT

Loqus Holdings p.l.c.

COMPANY ANNOUNCEMENT

Loqus Holdings p.l.c. (the "Company")

Re-organisation of Subsidiaries

Date of Announcement

27th April 2021

Reference

199/2021

This is a company announcement made by the Company in compliance with Chapter 5 of the Listing Rules:

QUOTE

The Company announces that, as part of a re-organisation exercise aimed at streamlining operations, its subsidiary Loqus Services Ltd (C 22589) shall, following an intra-group share transfer, become the sole shareholder of another subsidiary company, namely Loqus Fleet Limited (C 65749).

Following the said share transfer, Loqus Services Ltd and Loqus Fleet Limited are to be amalgamated by virtue of a merger by acquisition in terms of the provisions of Article 358 of the Companies Act, Chapter 386 of the laws of Malta.

Upon the proposed merger by acquisition taking effect, Loqus Services Ltd, as the acquiring company, shall succeed to all the assets, rights, liabilities and obligations of Loqus Fleet Limited, which, in turn, shall cease to exist. The proposed merger by acquisition shall not have any effect on the Company's shareholding in Loqus Services Ltd and the Company shall continue to hold the totality of the Ordinary shares issued in Loqus Services Ltd, with the exception of one share which is held by another group company.

The Company will keep the market informed of developments in respect of the foregoing, specifically upon the aforementioned merger becoming effective in terms of law.

UNQUOTE

Adrian Mallia

Company Secretary

Disclaimer

Loqus Holdings plc published this content on 27 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 11:34:01 UTC.


© Publicnow 2021
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Financials
Sales 2021 8,05 M 8,16 M 8,16 M
Net income 2021 1,44 M 1,46 M 1,46 M
Net cash 2021 0,82 M 0,83 M 0,83 M
P/E ratio 2021 2,15x
Yield 2021 -
Capitalization 13,4 M 13,5 M 13,6 M
EV / Sales 2020 0,64x
EV / Sales 2021 0,28x
Nbr of Employees 116
Free-Float 26,3%
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Managers and Directors
Joseph Fenech Conti Chief Executive Officer & Executive Director
Walter Bonnici Group Chairman
Anthony Paul Demajo Independent Non-Executive Director
Lawrence Zammit Independent Non-Executive Director
Joannie Grima Independent Director
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