Ebiquity Regulatory News (EBQ)

14 Sep 2007 14:42

Thomson Intermedia PLC14 September 2007 14 September 2007 Thomson Intermedia plc Increased holding in US operation Thomson Intermedia plc ("Thomson Intermedia" or the 'Group', AIM: THN), aleading provider of media intelligence, has acquired 15.2 per cent. of MediaPerformance Monitor America ("MPMA"), the Group's US media auditing subsidiary,from Erwin Ephron, a co-founder of MPMA. The Group bought 79.8 per cent of MPMAas part of the billetts acquisition in August 2005. The outstanding 5.0 percent has been retained by PJ Leary, the Chief Executive Officer of MPMA. The consideration is $257,640 in cash, funded from the Group's own resources.In the year to April 2007 MPMA contributed $316,092 of operating profit to theGroup. The Group sees considerable opportunities for growth in the US marketand expects the transaction will be earnings enhancing in the financial year to30 April 2008. The proposed acquisition is a related party transaction as defined in the AIMRules. The Directors of Thomson Intermedia consider the terms of the transactionto be on normal commercial terms and having consulted with Landsbanki Securities(UK) Limited, the Group's nominated adviser, consider the terms of thetransaction to be fair and reasonable insofar as Thomson's shareholders areconcerned. Enquires: Thomson Intermedia plc 020 8466 5555Sarah Jane Thomson - Joint Chief ExecutiveMichael Uzielli - Finance Director Landsbanki Securities (UK) Limited 020 7426 9000Shaun Dobson/ Fred Ward College Hill 020 7457 2020Adrian Duffield This information is provided by RNS The company news service from the London Stock Exchange