FCO Fairplace

    Fairplace plc (the "Company")

Disposal of Italian Subsidiary

The Board announces that it has sold Fairplace Consulting (Italy) Srl ("FCI"),
a wholly owned subsidiary of the Company for a consideration of Euro1 to Articolo
1 S.p.A (the "Purchaser"), a private Italian company, which provides a range of
staffing and HR services. FCI which provides outplacement and coaching
services, was acquired by the Company in 2003 and has been loss making.

FCI's turnover for the 12 month period to 30 June 2006 was Euro601,861 and the net
loss was Euro65,685. The carrying value of the FCI investment in the Company's
balance sheet as at 30 June 2006 amounted to �200,000.

FCI will continue to use the Fairplace brand name under a separate licence
agreement.

Contact

Mark Allsup, Chairman

Fairplace plc

Tel 020 7816 0707

Liam Murray, Nominated Adviser

City Financial Associates Limited

Tel 020 7 090 7800



END

Grafico Azioni Fairplace Consulting (LSE:FCO)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Fairplace Consulting (LSE:FCO)
Storico
Da Giu 2023 a Giu 2024