17 May 2018 17:45
17 May 2018
This announcement contains inside information for the purposes of the Market Abuse Regulation
The Quarto Group, Inc.
Change of Control
The Quarto Group, Inc. (LSE: QRT), the leading international illustrated book publisher, announces the change in the composition of the Board today is a change of control under the Company's Facility Agreement with its banking syndicate.
In accordance with the terms of the Facility Agreement, the Company has today notified its banks of the change of control. This change of control notification requirement is a standard provision of such a facility agreement and discussions with the banking syndicate are continuing.
For further information, please contact:
Instinctif Partners | |
Adrian Duffield/Chantal Woolcock | +44 20 7457 2077 |
The Quarto Group, Inc. | +44 20 7700 6700 |
Marcus Leaver, CEO Carolyn Bresh, CFO |
About The Quarto Group
The Quarto Group (LSE: QRT) creates a wide variety of books and intellectual property products for global distribution, with a mission to inspire life's experiences. Produced in many formats for adults, children and the whole family, our products are visually appealing, information rich and kinesthetically stimulating.
The Group encompasses a diverse portfolio of imprints and businesses that are creatively independent and expert in developing long-lasting content across specific niches of interest.
Quarto sells its products globally in over 50 countries and 40 languages, through a variety of sales channels and partnerships, and five main routes to market - US, UK, International English language, Foreign language and other Partnerships.
Quarto employs c. 400 talented people in the US, UK and Hong Kong. The Group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.
For more information, visit quarto.com or follow us on Twitter at @TheQuartoGroup.