Huge Group has abandoned its efforts to play a role in the future of Adapt IT. That much is clear after it emerged on Tuesday that it has sold its 1.9% stake.
Browsing: Andy Openshaw
Huge Group’s efforts to acquire software services group Adapt IT appears to be all over bar the shouting. This after shareholders representing just 1.9% of Adapt IT shares accepted its offer.
Huge Group’s headline earnings per share for the year ended 28 February will fall by as much as 29.9% after accounting for charges related to share options for its three executive directors.
Telecommunications company Huge Group has secured the backing of more than three-quarters of its shareholders for its R795-million pursuit of JSE-listed software services group Adapt IT, it said on Monday.
Huge Group has launched a takeover bid for fellow JSE-listed technology company Adapt IT. The all-share bid, at an offer price of R5.52/share, does not enjoy the explicit support of Adapt IT’s board.
JSE-listed telecommunications specialist Huge Group said on Monday that it has partnered with MTN South Africa to provide additional GSM voice services to its subsidiary companies.
Huge Group CEO James Herbst and chief operating officer Andy Openshaw are in line for a share options windfall, if the proposal is approved by shareholders.
Huge Group chief financial officer Zunaid Bulbulia – a former CEO of MTN South Africa – has resigned, the telecommunications company told shareholders on Monday.
Huge Group is hiring senior Reunert executive Andy Openshaw as its new chief operating officer. He will join Huge when his restraints of trade with Reunert are either waived or fulfilled.
In this episode of the TechCentral podcast, Duncan McLeod chats to Mondi Hattingh, Jaco Visagie and Andy Openshaw about Reunert’s acquisition, announced this week, of telecommunications