Online retailer Expansys plc, which has entrepreneur Peter Jones CBE as a significant shareholder and non-executive Deputy Chairman, says its annual results are likely to be below expectations.
Last year the company acquired Data Select Network Solutions & PJ Media; earlier this year it relaunched its website.
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Online electronics retailer eXpansys plc, which has Peter Jones CBE as its major shareholder and Deputy Chairman, says it plans to acquire two other Jones-controlled businesses to "build a global online technology superstore".
Data Select Network Solutions distributes SIM cards for mobile networks and MVNOs, while PJ Media is a web design and online marketing company. The total deal is worth £49 million and is subject to the approval of shareholders at an EGM on 23rd July.
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