REG - Christie Group PLC - Sale of Vennersys

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RNS Number : 3746M  Christie Group PLC  22 December 2025

22 December 2025

Christie Group plc

("Christie Group" or the "Company")

 

Sale of Vennersys

 

Christie Group plc (CTG.L), the leading provider of Professional &
Financial Services and Stock & Inventory Systems & Services to the
hospitality, leisure, healthcare, medical, childcare & education and
retail sectors, is pleased to announce that on 19(th) December 2025 it entered
into an agreement to dispose of the business and assets of its visitor
attraction software business, Vennersys, to Digital Ticketing Systems Limited
("Digitickets").

 

The consideration is structured on an initial cash consideration of £0.5m
payable upon completion of the sale, and up to £0.9m of additional retained
consideration payable within 18 months, subject to certain post completion
performance conditions being achieved. Completion of the sale is expected to
occur no later than 31(st) January 2026.

 

Vennersys provides a fully integrated ticketing and EPOS solution to UK
visitor attractions. As at 31 December 2024, Vennersys held gross assets of
£1.43m and generated a loss before tax and extraordinary items of £1.57m.

 

The disposal further reflects the Board's continued focus on improving the
quality of earnings and its balance sheet strength, enabling the Group to
focus on investing in its remaining brands to deliver sustainable growth and
earnings.

 

Dan Prickett, Christie Group Chief Executive Officer commented:

 

"Following on from the strategic disposal of our loss-making retail and
pharmacy operations in November 2024, the Board unanimously concluded that the
continuing investment requirements required to support and scale the Vennersys
business under Christie Group plc ownership were incompatible with our desire
to invest in our remaining core brands.  Having taken this decision, we have
been focussed on finding a purchaser for the business with the expertise and
resources to take the business forwards and with a commitment to providing an
ongoing level of high-quality service to the Vennersys customers."

 

Simon Herrick, Christie Group Chairman commented:

 

"Following changes to the Board structure during 2023 we undertook a strategic
review of the Group's operations. It was decided that we would dispose of
Orridge and Vennersys, the two non-core Group operations, which both had long
term histories of losses within the Group and required more expertise, focus
and investment to grow and generate profit than we could provide. These
businesses had taken much Group time and resources over many years, which can
now be better spent on developing, investing in and growing a stronger group
of core brands, offering a more coherent platform of unparalleled related
services to our highly valued existing clients, whilst building new client
relationships and expanding internationally. We believe that the disposal of
Orridge during November 2024 and the conclusion of the disposal of Vennersys
now completes a significant strategic step forward in the story of Christie
Group plc."

 

 

For further information please contact:

 

 Christie Group plc
 Dan Prickett                     07885 813101

Chief Executive
 Simon Hawkins

Chief Financial Officer

                                  07767 354366

 Shore Capital
 Patrick Castle / Sophie Collins  020 7408 4090

Nominated Advisor and Broker

 

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services
group with 33 offices across the UK and Europe, catering to its specialist
markets in the hospitality, leisure, healthcare, medical, childcare &
education and retail sectors.

 

Christie Group operates in two complementary business divisions: Professional
& Financial Services (PFS) and Stock & Inventory Systems &
Services (SISS). These divisions trade under the brand names: PFS - Christie
& Co, Pinders, Christie Finance and Christie Insurance: SISS - Venners and
Vennersys.

 

Tracing its origins back to 1896, the Group has a long-established reputation
for offering valued services to client companies in agency, valuation
services, investment, consultancy, project management, multi-functional
trading systems and online ticketing services, stock audit and inventory
management. The diversity of these services provides a natural balance to the
Group's core agency business.

 

The information contained within this announcement is deemed by the Company to
constitute inside information under the UK Market Abuse Regulation (EU) No.
596/2014.

 

For more information, please go to https://www.christiegroup.com/.

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