Last checked at 5 Jul 2012 07:00
Progressive Digital Media Group Plc ("PDMG" or the "Group")
Market Update
PDMG, a content driven media company producing premium business information, is pleased to announce the acquisition of the business and assets of Kable, one of the UK's leading providers of technology expenditure intelligence. Kable provides business information, tactical intelligence, research, analysis and consultancy to a number of the UK's leading blue chip companies.
The acquisition, which completed on 2nd July 2012, is in line with PDMG's stated strategy of growing its exposure to subscription based content revenue streams.
The Board is also pleased with the Group's performance to date and expects to report results for the first six months of the year in line with expectations. These results are expected to be announced on 26th July 2012.
Enquiries:
Progressive Digital Media Group plc 0207 936 6400
Mike Danson, Chairman
Simon Pyper, CFO
Singer Capital Markets Limited 0203 205 7500
James Maxwell
Nick Donovan
Hudson Sandler 0207 796 4133
Nick Lyon