The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJohnston Press PLC Regulatory News (JPR)

  • There is currently no data for JPR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Response to Media Speculation

11 Feb 2016 07:00

RNS Number : 7260O
Johnston Press PLC
11 February 2016
 

Johnston Press plc

Response to media speculation

 

The Board of Johnston Press plc (the "Company") notes the recent media speculation and confirms that it is in late stage discussions with Independent Print Limited ("IPL") for the potential acquisition of the business and certain assets of the i.There can be no certainty that the discussions between the Company and IPL will lead to any definitive agreement concerning the possible acquisition or as to the final terms of any such agreement. Completion of the acquisition would be subject to the approval of shareholders of the Company.

 

The consideration for the proposed acquisition is likely to be £24 million, to be provided from the Group's existing cash resources. In the year ended 30 September 2015, the i had unaudited carve-out operating profit of £5.2 million.

 

The Board of the Company believes that, if consummated, the acquisition would provide the following key benefits:

 

· Greater reach: The combination would create the UK's fourth largest print publisher with over 600,000 paid copies a day

· Increased scale: Greater reach would improve the ability to gain a greater share of the national advertising market

· Growing revenues: i has growing circulation revenues, and new opportunities arise from: a proposed digital product; new geographic markets; and from potential cross-selling of i's advertiser base and vice-versa

· Accelerated digital transformation through: leveraging Johnston Press' digital expertise to fully realise the i brand across digital platforms; the extensive Johnston Press network enables cross-promotion to grow audiences at minimal cost; it is expected that the regionally-oriented digital display network 1XL will be enhanced by the addition of a national brand.

 

It is also expected that the acquisition would be cash generative and immediately earnings enhancing. 

 

A further announcement will be made when appropriate.

 

Enquiries

 

Bell Pottinger

Dan de Belder

020 3772 2561

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
SPCZMGMZGMDGVZG
Date   Source Headline
20th Nov 20186:30 pmRNSJohnston Press
19th Nov 20188:49 amRNSForm 8.5 (EPT/RI)
19th Nov 20187:00 amRNSAppointment of Administrators
19th Nov 20187:00 amRNSStrategic Review Update - End of FSP
16th Nov 20189:49 amRNSForm 8.5 (EPT/RI)
16th Nov 20189:43 amRNSForm 8.5 (EPT/RI)
14th Nov 20189:26 amRNSForm 8.5 (EPT/RI)
13th Nov 20188:33 amRNSForm 8.5 (EPT/RI)
12th Nov 20184:40 pmRNSSecond Price Monitoring Extn
12th Nov 20184:35 pmRNSPrice Monitoring Extension
12th Nov 20189:05 amRNSForm 8.5 (EPT/RI)
6th Nov 201810:28 amRNSForm 8.3 - Johnston Press plc
2nd Nov 20188:45 amRNSForm 8.5 (EPT/RI)
1st Nov 201812:27 pmRNSTotal Voting Rights
31st Oct 201810:07 amRNSForm 8.5 (EPT/RI)
26th Oct 20188:55 amRNSForm 8.5 (EPT/RI)
25th Oct 20184:38 pmRNSForm 8.3 - Johnston Press PLC
25th Oct 20189:13 amRNSForm 8.5 (EPT/RI)
24th Oct 20181:50 pmRNSForm 8 (OPD) - Johnston Press plc
24th Oct 20189:33 amRNSForm 8.5 (EPT/RI)
24th Oct 20188:44 amRNSForm 8.5 (EPT/RI) - Johnston Press PLC
23rd Oct 20189:07 amRNSForm 8.5 (EPT/RI)
22nd Oct 20184:43 pmRNSHolding(s) in Company
22nd Oct 20188:55 amRNSForm 8.5 (EPT/RI)
19th Oct 20186:16 pmRNSHolding(s) in Company
19th Oct 20184:54 pmPRNForm 8.3 - Johnston Press plc
19th Oct 20183:46 pmRNSForm 8.3 - Johnston Press plc
19th Oct 20183:20 pmGNWMajedie Asset Management Ltd: Form 8.3 -- Johnston Press PLC
19th Oct 20183:10 pmRNSForm 8.3 - Johnston Press Plc
19th Oct 20183:10 pmRNSForm 8.3 - Johnston Press Plc
19th Oct 20189:24 amRNSForm 8.5 (EPT/RI)
12th Oct 201812:56 pmRNSForm 8.3 - Johnston Press plc
11th Oct 20187:00 amRNSStrategic review update - Formal sale process
1st Oct 201812:18 pmRNSTotal Voting Rights
4th Sep 20189:07 amRNSHalf-year Report
3rd Sep 201812:27 pmRNSTotal Voting Rights
29th Aug 20187:00 amRNSHalf-year Report
23rd Aug 201812:32 pmRNSNotice of Results
23rd Aug 201812:08 pmRNSSecond Price Monitoring Extn
23rd Aug 201812:02 pmRNSPrice Monitoring Extension
10th Aug 201811:19 amRNSHolding(s) in Company
1st Aug 201810:28 amRNSTotal Voting Rights
27th Jul 20184:41 pmRNSSecond Price Monitoring Extn
27th Jul 20184:35 pmRNSPrice Monitoring Extension
26th Jul 201812:52 pmRNSStatement re Share Price Movement
25th Jul 20184:35 pmRNSPrice Monitoring Extension
2nd Jul 201811:46 amRNSBlock listing Interim Review
2nd Jul 20189:43 amRNSTotal Voting Rights
28th Jun 201812:55 pmRNSDirector Declaration
5th Jun 20185:20 pmRNSAGM Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.