StockMarketWire.com - Host Europe Holdings - a company controlled by funds managed by Cinven Capital Management (V) General Partner - has confirmed it has approached iomart regarding a possible recommended cash offer.

Host says iomart's chief executive Angus MacSween, finance director Richard Logan and operations director Sarah Haran - who have a combined holding of approximately 18.5% - have indicated their support for the proposal.

The independent directors of iomart have given their consent to MacSween, Logan and Haran working with Host to finalise its proposal.




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