RPC Data investors approve buy-out

The 24-year-old firm has suffered a series of losses over the years largely due to the high risks associated with IT consultancy and dependence on government tenders.

The approval of the buy-out means a management-led consortium which includes founder and MD, John Pool, can go ahead and acquire all the shares they do not presently hold from other investors and de-list the firm by Monday December 2. The deal however requires a High Court application in line with the Companies Act.