Proposed Sale of PHS Data Solutions
We can confirm that we are in discussions with Restore plc about the proposed sale of our Data Solutions business and that we have entered into an agreement to sell the Data Solutions division to them, subject to various conditions being satisfied.
The proposed sale would involve our three Data Solutions businesses – PHS DataShred, PHS Records Management and Capital Capture.
We are now at the stage of more detailed discussion with Restore plc. Should a sale be agreed, we would anticipate that it would be completed by the end of August 2016.
For our suppliers and customers, we will be communicating with you directly to keep you updated as discussions develop.