AdEPT Telecom plc, formerly AdEPT Telecom, is a United Kingdom-based company providing voice and data telecommunications services to both domestic and business customers. The Company provides fixed line calls, line rental, mobile and data connectivity products to thousands of business and residential customers across the United Kingdom. The Company offers a range of business telecom products for all sizes of business. AdEPT's Inbound Call Handling services offer a way to manage inbound calls, with online access enabling customers to implement changes instantly. AdEPT broadband products offer unlimited downloads and Internet speeds of up to 16 megabits, 50 megabits of Webspace. As at March 2010, AdEPT has completed the acquisition and integration of 16 telecom businesses, all of which have been integrated and trade under the AdEPT Telecom brand

http://www.adept-telecom.co.uk/data-connections/data-quote-tool

Acquisition and extension of Banking Facility
RNS
RNS Number : 6948G
AdEPT Technology Group PLC
08 November 2018

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

AdEPT Technology Group Plc

("AdEPT" or the "Company")
Acquisition and extension of Banking Facility
ACQUISITION OF ETS COMMUNICATIONS HOLDINGS LIMITED
AdEPT Technology Group plc, one of the UK's leading independent providers of managed services for IT, connectivity, unified communications solutions and cloud services, announces that it has signed an agreement to acquire the entire issued share capital of ETS Communications Holdings Limited ("ETS Holdings") and its trading subsidiary ETS Communications Limited ("ETS Comms"), (together referred to as "ETS") both well-established UK based specialist providers of unified communications services.

Acquisition highlights
· Initial consideration of £2.5m less the net debt of ETS at 31 October 2018
· Expected to be earnings enhancing from completion
· AdEPT group revenue run rate anticipated to increase by approximately 5%
· Highly complementary unified communications product set, including Avaya IP Office and Ericsson-LG
· ETS enhances AdEPT healthcare strategy with more than 200 GP surgeries as customers
· Highly experienced vendor to remain with ETS

Strategic rationale
ETS offers its clients the delivery of unified communications solutions, with particular expertise in the Avaya IP Office product set. The highly skilled team together with the well-matched customer base and product set at ETS will complement AdEPT's existing unified communication services offering provided by the Northampton office of AdEPT.

AdEPT and ETS have both adopted capital asset light strategies which are highly cash generative and are dedicated to offering a full suite of unified communication and data connectivity services.

Information on ETS
ETS, founded in 1981, is an independent unified communications services provider based in Wakefield with nearly 40 years' experience. ETS is focused on providing unified communications and connectivity to business customers and has a strong public sector presence, including managing and supporting cloud-based telephony solutions to more than 200 GP surgeries.

One of the vendors of ETS is to be retained in his current capacity within the business for a period of at least 12 months post-acquisition.

The statutory accounts of ETS for the year ended 31 March 2018 reported turnover, operating profit and profit before tax of £3.16 million, £0.32 million and £0.31m respectively. Capital expenditure in the year ended 31 March 2018 was insignificant. Net and gross assets (pro-forma consolidated basis) at that date were £0.10 million and £0.53 million respectively.

Consideration
Initial consideration of £2.5 million less the net debt of ETS at 31 October 2018 ("Net Debt") is payable in cash. Pursuant to the terms of the share purchase agreement, the effective date of the acquisition is 1 November 2018. Further consideration of up to £1.75 million may be payable in cash dependent upon the trading performance of ETS in the 12 month period ended 31 October 2019. The total consideration will be funded out of AdEPT's enlarged bank facility, with headroom in the facility to support further acquisitive growth.

Ian Fishwick, Chief Executive of AdEPT, commented:
"We are delighted to have acquired such a high-quality business with a highly experienced vendor remaining with ETS post-acquisition. With AdEPT having an existing specialist Avaya IP Office operation in Northampton, the acquisition of ETS builds on this capability and extends the geographical reach to Yorkshire and Lincolnshire. ETS has a well-developed customer base with long term relationships, which builds upon AdEPT's existing public sector healthcare presence. The acquisition is expected to be earnings enhancing from completion."

NEW BANK FACILITY

· Debt facility enlarged to £35 million
· Increased capacity to support acquisition growth strategy

The Board of AdEPT also announces that it has signed a £5 million extension to its existing £30 million 5-year revolving credit facility agreement, enlarging the total debt facility to £35 million.

The enlarged facility is to be provided by Barclays Bank Plc ("Barclays") and The Royal Bank of Scotland Plc ("RBS) on an equal basis. The facility will be used by AdEPT to fund acquisition of businesses that extend the AdEPT product set and by being part of the AdEPT group, will benefit from economies of scale. The terms of the enlarged facility remain the same as the existing facility.


Roger Wilson, Chairman of AdEPT, commented:
"We are delighted to have obtained the continued support of the teams at RBS and Barclays to provide a larger syndicated debt facility. This enlarged bank facility provides the Company with additional funding to undertake the acquisition of ETS as AdEPT continues with its strategy of acquiring earnings enhancing businesses."

Half-year Report
RNS
RNS Number : 1094H
AdEPT Technology Group PLC
13 November 2018

AdEPT Technology Group plc

("AdEPT" or the "Company", together with its subsidiaries the "Group")

Interim results for the 6 months ended 30 September 2018

AdEPT (AIM: ADT), one of the UK's leading independent providers of managed services for IT, unified communications, connectivity, voice and cloud services, announces its unaudited results for the 6 months ended 30 September 2018.

Highlights
Revenue and EBITDA
· Total revenue increased by 9.5% to £24.4 million (2017: £22.3 million)
· Managed services revenue increased by 19.2% to £18.0 million (2017: £15.1 million)
· Managed services revenue up to 74% of total revenue (2017: 67%)
· EBITDA* increased by 10.7% to £5.2 million (2017: £4.7 million)
· EBITDA* margin 21.2% (2017: 20.9%)

PBT, EPS and Dividends
· Adjusted profit after tax** increased by 13.4% to £3.7 million (2017: £3.2 million)
· Adjusted EPS increased by 11.7% to 14.5p (2017: 13.0p)
· Interim dividend increased by 15.3% to 4.9p per share (2017: 4.25p)

Cash Flow and Debt
· Reported EBITA conversion to pre-tax cash from operating activities 81.9% (2017: 90.7%)
· Net senior debt at period end of £25.1 million (2017: £20.8 million)
· £8.5m of funds used to fund Shift F7 Group Limited acquisition and Our IT earnout

Roger Wilson, Chairman, commented:

"I am delighted by the continued progress being made by the Group in its transformation into a managed service provider for unified communications and IT. The results for the period demonstrate the strength of our capex light model and our organic and acquisitive growth strategy.

Trading continues to be in line with management's expectations, we continue to be highly cash generative and with a fully supportive investor base and funding partners we remain confident in our strategy to identify earnings-enhancing acquisitions whilst retaining scope for a progressive dividend policy."

*Earnings before interest, tax, depreciation, amortisation and excluding one off acquisition costs and share based payments
** Adjusted profit after tax represents profit after tax adding back one off acquisition costs and amortisation

No one seems to be following you on this one DC but the half yearly report and the graph, plus increasing div has my attention now. Will watch to see where the drop stops with the sp.