News blog
Hexagon Human Capital
- BY: Andrew Hore |
- POSTED: 02/04/2009 |
Hexagon Human Capital has ended takeover talks and says that fourth quarter revenues declined.
Shares in Hexagon fell 9.5p to 31.5p a share after the ending of bid talks was revealed. That values the interim management and executive search business at £6.14m. Hexagon could not agree terms with the potential bidder.
Year-on-year net fee income was lower in the fourth quarter, mainly due to the executive search business. The interim management operations have maintained their net fee income in the period.
Hexagon says that full year net fee income will be in the region of £22m and EBITA not less than £5.9m.
Bank debt is down £1.1m at £8.9m and the remaining deferred consideration payable is £6.3m. There were £1.5m of convertible loan notes issued at the end of March 2009.
Just over 2m shares have been issued as deferred consideration for interim management company Archer Mathieson.
The full year figures will be published in the week commencing 22 June 2009.
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