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09/09/98 Daily Digest

RBR Networks founders trouser £15 million each

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RBR sale “on the verge” RBR Networks founders Rory Sweet and Ben White are on the verge of “another mega-deal which could net them nearly £15 million each”, according to the News of the World. Channel speculation has centred around the imminent acquisition of RBR by Datatec, the South African-owned networking equipment reseller and distributor. Jewel in the RBR crown is the highly-prized Cisco franchise. White and Sweet are forecasting sales at RBR Networks to top £80 million this year. The Cirencester, Gloucester company has seen turnover jump from £3 million in 1994 to £7 million in 1995, £23 million in 1995 and £50 million last year. ITE funds ESOP scheme with share issue ITE Group PLC is to issue 21.7 million new ordinary shares in relation to its employee share option scheme. DSG reports encouraging computer sales Dixons Stores Group reports “encouraging sales” of computer and communications products in its latest trading statement., announced at today’s AGM. The company says TV sales, ahead of digita, and domestic appliances are weaker. Like for like sales for the last nine weekss are one per cent up on the comparable period last year, while total sales are 14 per cent ahead. Computerland UK dishes out share options to finance director Computerland UK PLC has awarded its finance director Michael Kent, an option to buy 70,000 ordinary shares at an exercise price of 200p each. The options are exercisable any time between 9th September 2001 and 8th September 2008. Computerland shares closed yesterday at 210p, down from this year’s post flotation high of 369p. Cadcentre chooses Altrincham Cadcentre has selected Altrincham, Cheshire as the home for its new international customer support centre.

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