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Prices & Quotes - UK Markets - Micro Focus International (MCRO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 387.50p
Change Today:
9.30p
Market Cap:
1,300.41m
Sector:
Software & Computer Services

Micro Focus settles patent dispute with Wapp Tech

By Iain Gilbert

Date: Friday 16 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Software and information technology Micro Focus has settled its ongoing patent dispute with Wapp Tech to the tune of $67.5m.
Micro Focus said on Friday that as part of the settlement, it had been granted a fully paid-up, worldwide, irrevocable licence for the patents asserted by Wapp for current and future products and services.

The FTSE 250-listed firm's battle with Wapp came after Wapp accused Micro Focus of infringing three patents in connection with the manufacture and sale of certain products in its ADM product line.

Micro Focus stated the settlement amount was recognised as an exceptional item within its results for the six months ended 30 April and would be settled in cash.

"In concluding this matter, the board considered a range of factors, including the possible time, cost and significant resources required for the appeal process and concluded that it was in the best interests of the company that a settlement should be reached," said Micro Focus.

"Pursuant to the settlement, the company has been granted a fully paid-up, worldwide, irrevocable licence for the patents asserted by Wapp for current and future Micro Focus products and services, covering the company as well as its customers."

As of 0840 BST, Micro Focus shares were up 0.66% at 409.70p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MCRO Market Data

Currency UK Pounds
Price 387.50p
Change Today 9.30p
52 Week High 587.60p
52 Week Low 211.80p
Volume 2,125,916
Shares Issued 335.59m
Market Cap 1,300.41m

Performance Indicators

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What The Brokers Say

Strong Buy 3
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MCRO Dividends

  Latest Previous
  Interim Final
Ex-Div 22-Jul-21 11-Mar-21
Paid 06-Aug-21 15-Apr-21
Amount 8.80¢ 15.50¢

Trades for 17-Sep-2021

Time Volume / Share Price
16:39 352 @ 387.50p
16:35 1,479,742 @ 387.50p
16:29 30 @ 387.40p
16:29 6 @ 387.40p
16:29 323 @ 387.20p

MCRO Key Personnel

CEO Stephen Murdoch