Last checked at 17 Oct 2022 07:00
RNS Number : 0193D Smiths News PLC 17 October 2022 160This announcement contains insie information
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Smiths News PLC
("Smiths News")
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Contract Renewals with Frontline Limite an Seymour Distribution Lt
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Smiths News is please to announce that it has successfully secure two key long-term contracts, representing the first of the next publisher an istributor contract roun renewals for 202 onwars.160
The new agreements reache with Frontline (the UK's largest magazine istributor) an Seymour (part of the Frontline Group an the UK's largest inepenent magazine istributor) secure all of Smiths News' current istribution territories in the UK from 202 through to 2030 with Frontline an Seymour, representing revenues of c.163180m p.a. at current market values. 160Combine,160 the Frontline an Seymour portfolios account for over 0% of the UK magazine market an inclue titles such as 'Raio Times', 'Take A Break' an 'TV Choice'.
The new contracts are an enorsement of the future of the printe magazine category an confirm Smiths News' leaing position as the UK's foremost route to market for publishers. The contracts provie a founation to continue other publisher contract iscussions, which are unerway.
Jon Bunting, Chief Executive Officer, commente:
"We are elighte to confirm this new agreement with both Frontline an Seymour.160 Long term partnerships with publishers an istributors are central to our business moel an allow us to continue to rive efficiencies an eliver great service for publishers, retailers, an ultimately for millions of consumers across the UK."
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Enquiries:
Smiths News PLC 160160160160160160160160160160160160160160160160160160160 160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160 Via Buchanan
Jonathan Bunting, Chief Executive Officer
Paul Baker, Chief Financial Officer
www.smithsnews.co.uk
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Buchanan
Richar Olworth / Jamie Hooper / Toto Berger 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160020 7466 000
smithsnews@buchanan.uk.com
www.buchanan.uk.com
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Person responsible for arranging release of this announcement:
Stuart Marriner
General Counsel Company Secretary
Smiths News plc
Rowan House
Cherry Orchar North
Kembrey Park
Swinon
SN2 8UH
email: cosec@smithsnews.co.uk
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