Bond International Software completes disposals and prepares to wind-up

4th Nov 2016 14:34

(ShareCast News) - Bond International Software confirmed the completion of the sale of its recruitment software subsidiaries on Friday, comprising Bond UK, Bond International Holdings, and a number of other international subsidiaries, to Hockliffe and Bond US.The AIM-traded company also confirmed receipt of the cash consideration of £24.1m.At the same time, the board also announced the completion of the sale of its real estate asset, comprising the company's registered office and Bond UK's office, for a consideration of £1.8m.Following the disposals, Tim Richards resigned from the board with immediate effect to continue his career with the recruitment software subsidiaries."We would like to thank Tim for his very considerable contribution to the company over the last 19 years and wish him well for the future," said chairman Martin Baldwin.Given the completion of the disposals, the board said it intends to propose a voluntary winding up of the company as soon as practicable as it had previously indicated.