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Floated shares in Misys network business could go to existing shareholders

Misys could offload its interest in its IFA networks entirely in a flotation bound to cause a scramble for stakes by product providers.

But it has not yet decided whether it will keep any shares in the newly floated company or how the flotation will take place.

Unlike an open market offering, a demerger would allow Misys to offer shares to its existing shareholders

Misys chairman Kevin Lomax says: “We now believe the business is of a size and at a stage in its development where it would benefit from having an independent future.”

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