HYNS.L Regulatory News (HYNS)

5 Jun 2007 09:09

Haynes Publishing Group PLC05 June 2007 Haynes Publishing Group P.L.C. Acquisition The Board of Haynes Publishing Group P.L.C. (Haynes) is pleased to announce thatit has completed the acquisition of certain assets from Bookworks Pty Ltd(Bookworks), Rellim Pty Ltd (Rellim), Motordata Pty Ltd (Motordata) and Stan HEarle Pty Ltd (Earle) all from New South Wales, Australia. Haynes has acquired certain of the assets including stock, work-in-progress,intellectual property, equipment and goodwill from Bookworks, Rellim, Motordataand Earle all private Australian companies in the book origination, printing anddistribution business for an internally generated cash consideration of AUD 1.5million (approximately £ 0.6 million). Unaudited revenues for the year ended 30 June 2006 from the four combinedcompanies were approximately AUD $2.5 million (£1.0 million). Haynes believes this acquisition will allow further growth in the Australianmarket and provide additional opportunities for market expansion within thePacific Rim. For further information, please contact: Dan Benhardus, Group Finance Director Tel: +1 805 498 6703 Barrie Newton, Blue Oar Securities Plc Tel: +44 (0) 1225 424 666 This information is provided by RNS The company news service from the London Stock Exchange