About Us

 

Veris plc (then called Irish Estates plc) was incorporated in December 2004 and was a leading provider of facilities management and property services both in Ireland and the UK. The group provided a wide range of support services to property owners and occupiers. Veris listed on the Irish Enterprise Exchange (IEX), Dublin and the Alternative Investment Market (AIM), London in September 2005.

Veris announced on 1st October 2009 that is had agreed to sell its Property Management and Facilities Management Business to Aramark Ireland Limited and Aramark Investment Limited for a Consideration of approximately €50.8 million in cash which is equivalent to 55c per share after repayment of debt and other costs.

The transaction was approved by shareholders on 28th October 2009 and completion occurred on 30th October 2009. Application has been made, following shareholder approval, for the cancellation of Admission and trading of the company's shares on the Irish Stock Exchange and the London Stock Exchange respectively. Cancellation is effective from 8.00 a.m. on 1st December 2009. It will not be possible to trade Veris shares on IEX or AIM after that date.

Following completion, the Group will not have any revenue generating operating businesses. The Board has determined that it is in the best interests of shareholders as a whole to return the net proceeds of the proposed Disposal (after repaying the Anglo Irish Bank facility and covering professional and closure costs) to Shareholders as efficiently and expediently as possible.