TSE Consulting to be listed on the London Stock Exchange
The combined share and cash transaction is expected to be completed on August 20th, 2007 after which Sandford plc will change its name to TSE Group plc.
TSE Consulting will continue to trade under its current name. The company will also continue its aggressive expansion plans through organic growth as well as through new acquisitions.
Parallel to the expansion of TSE Consulting, an ambitious growth strategy is in place for TSE Group plc. The group has the aim of becoming the worldwide leading provider of sports events services. TSE Consulting’s founding Directors Lars Haue-Pedersen and Robin Courage will become Executive Directors of TSE Group plc and will be jointly responsible for driving the strategy of the new group.
With TSE Consulting acting as the consulting arm of the group, TSE Group plc will, through acquisitions over the coming years, become a vertically integrated group of specialised companies providing high level services to governments and organising committees involved in researching, bidding, planning, organising and evaluating sports events.
Managing Director, TSE Consulting, Lars Haue-Pedersen, said:
“We are thrilled with this development. It opens exciting new opportunities for both the company as a whole and the group of very talented people we have in TSE. Over the last few years we have experienced substantial growth on all fronts. We believe that the proposed plan for TSE Group plc is exactly what the sports world needs and with the added resources available to us and working alongside the new companies that will be joining TSE Group plc over the coming years, we can now ensure that our growth will continue to accelerate.”
Executive Director, Sandford Plc (to be renamed TSE Group plc), Adam Reynolds said:
“Over the past 12 months TSE Consulting has continued to impress us with their growth and profitability. TSE Consulting creates the perfect platform upon which we can now develop the new TSE Group plc which will focus on offering a one-stop solution in the growing, but also fragmented, sports events market. We are actively looking for new opportunities for TSE Group plc that will fit into the vertical integration of the group and we plan to announce new developments in the coming months.”
Lausanne, July 27th, 2007
For more information:
TSE Consulting, Switzerland:
Phone +41 21 313 23 00
Email: info@tseconsulting.com
Sandford plc (TSE Group plc)
Phone: +44 207 245 1100
http://www.tseconsulting.com/ <http://www.tseconsulting.com/