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TLA Worldwide PLC - Appointment of Financial Adviser

Mon, 24th Sep 2018 07:00

RNS Number : 6324B
TLA Worldwide PLC
24 September 2018

24 September 2018

TLA Worldwide plc

("TLA" or "the Company")


Appointment of Financial Adviser



TLA Worldwide plc (AIM: TLA), a leading athlete representation and sports marketing business, announces that it has appointed FTI Capital Advisors ("FTI") as financial adviser to the Company. Following the Company's previous announcement, the strategic review, led by the Company's Executive Chairman Ian Gray, is well underway and various options are being considered including a sale of the US business (comprising both the baseball and US sports marketing businesses). FTI will assist the Company in the sales process for the US business.


The Company also announces that it has received a number of preliminary approaches regarding a possible acquisition of its US business.


Executive Chairman, Ian Gray, said, "Good progress has been made in the early stages of the strategic review and we are looking at various options in order to maximise shareholder value. These include a potential sale of the US business which is at an early stage. TLA has a robust US business with a high-quality roster of bright, young stars and their successes both on and off the field, coupled with a number of the best and brightest professionals in the US sports industry, position the business well for the future."


A further announcement will be made as appropriate.


This announcement contains inside information for the purpose of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.




TLA Worldwide

Ian Gray, Executive Chairman

+44 20 7618 9100



Numis Securities

Nick Westlake and Oliver Hardy (Nomad)

+44 20 7260 1000

Christopher Wilkinson (Broker)




Luther Pendragon

Harry Chathli, Alexis Gore

+44 20 7618 9100



FTI Capital Advisors


Glenn Tobias, Chief Executive Officer

+1 646 453 1217



This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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