Statement: Microlise Holding Company Changes

Microlise has ambitious growth targets over the coming years, through organic expansion and on acquisitions. In order to support these plans, Microlise has recently agreed a funding agreement with HSBC bank, which will support Microlise in realising its expansion opportunities.

As a result of the funding agreement, Microlise has made amendments to the structure of its holding companies. As such, a new holding company has been created called “Microlise Group Holdings” and the original holding company has been renamed to “Microlise Holdings”.

This change has been made only to facilitate the funding agreement, and does not change the private ownership status of Microlise.

CEO Nadeem Raza said: “We have ambitious investment plans to add more products and services to our portfolio, giving our customers more opportunities to improve their operations.”