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14 November 2011
Statement in response to Archer lawsuit
The Sage Group plc ("Sage") notes the claim for damages made by Archer Capital ("Archer") following the termination of discussions between Sage and Archer relating to the potential purchase of MYOB.
Sage strongly rejects the claim, which it understands to be in the region of A$130m, and will defend itself vigorously.
Enquiries
The Sage Group plc +44 (0) 191 294 3068
Guy Berruyer, Chief Executive
Paul Harrison, Group Finance Director
Andrew Griffith, Investor Relations
Tulchan Communications +44 (0) 20 7353 4200
David Shriver
Lucy Legh
About the Sage Group plc
The Sage Group plc is a leading global supplier of business management software and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has more than 6 million customers and more than 13,400 employees worldwide. We operate in over 24 countries covering the UK, Europe, North America, South Africa, Australia, India and China. For further information please visit www.sage.com
This information is provided by RNS
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