18 Sep 2017 07:00
Haynes Publishing Group P.L.C ("Haynes").
Exchange of contracts
On 6 July 2017, Haynes announced it was in discussions with Solera Holdings Inc ("Solera") regarding a proposal to acquire the E3 Technical business from Carweb, a UK subsidiary of Solera.
On 15 September 2017, contracts were exchanged with Solera for the purchase of the trade and assets of the E3 Technical business subject to the satisfaction of certain conditions, including the approval by the Competition and Markets Authority of the acquisition as an Undertaking in Lieu of a reference in respect of the acquisition of Autodata Publishing Group Limited by Solera Holdings, Inc.
Further details will be provided once these conditions have been satisfied and the transaction has been completed.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Enquiries:
Haynes Publishing Group P.L.C. +44 1963 442009
E Bell, Group Chairman
J Haynes, Chief Executive Officer
Investor Contact: Panmure Gordon (UK) Limited +44 20 7886 2500
Karri Vuori
Erik Anderson
Will Wickham
Media Contact: New Century Media +44 20 7930 8033
Richard Hill