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Pin to quick picksThe Mission Group Regulatory News (TMG)

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Acquisition

16 Feb 2015 07:00

RNS Number : 9369E
The Mission Marketing Group PLC
16 February 2015
 

 

 

 

Acquisition of The Weather Digital and Print Communications Limited

 

 

 The Mission Marketing Group plc ('the missiontm', AIM: TMMG), the marketing communications and advertising group, is pleased to announce the acquisition ("the Acquisition") of Edinburgh-based The Weather Digital and Print Communications Limited ("The Weather") by its integrated Agency, Story UK Limited ("Story").

 

Story is an award-winning agency with a portfolio of blue-chip Clients including Highland Spring, M&S Bank, VELUX, Ardbeg and Scottish Government. The Weather is a specialist digital Agency, employing 11 staff, whose expertise will complement and extend Story's range of services.

 

The Weather has a profitable and cash generative track record, and the Board of the missiontm expects the Acquisition to make a positive contribution in the current financial year.

 

Executive Chairman of the missiontm, David Morgan, said: "Continuing our strategy of finding complementary businesses to extend and expand the range of services our Agencies can provide, we are delighted to welcome The Weather into the missiontm family."

 

Chief Executive of Story, Sue Mullen, said: "Story has a strong reputation for very creative, integrated work and we are excited about the opportunity to offer The Weather's digital expertise to our Clients."

 

Charlie Cutler, one of the co-founders of The Weather, added: "Since we launched The Weather over five years ago, we have grown the business and its reputation in the Edinburgh market. We are now ready to accelerate our growth through being part of Story's award-winning offering."

 

The Acquisition of The Weather is not a substantial acquisition as defined by the AIM Rules for Companies. As part of the initial consideration for the Acquisition, the missiontm will issue 210,136 new ordinary shares of 10 pence each ("Ordinary Shares"). Further consideration may be payable, subject to The Weather's future performance.

 

Application has been made for the 210,136 new Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares of the Company, to be admitted to trading on AIM, which is expected to be effective from 8.00 am on 19th February 2015. Subsequent to the issue of these new Ordinary Shares, the total issued share capital of the Company will be 83,608,331 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, after Admission, the total number of voting rights in the Company will be 83,608,331.

 

Enquiries:

  David Morgan, Executive Chairman

Peter Fitzwilliam, Finance Director

The Mission Marketing Group plc

 

 

020 3463 2099

 

Geoff Nash/James Thompson (Corporate Finance)

Victoria Bates (Corporate Broking)

finnCap Limited

020 7107 8000

 

the missiontm is a network of entrepreneurial marketing communications Agencies employing over 850 people in the UK, Asia and San Francisco. The Group comprises a complementary mix of integrated generalists, specialists in specific marketing/communications activities and specialists in particular market sectors, all providing award-winning solutions to national and international Clients.

 

www.themission.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQGGUWPPUPAGBW
Date   Source Headline
11th Sep 20077:00 amRNSAcquisition
6th Sep 20075:25 pmRNSNotice of Results
4th Sep 20072:30 pmRNSInterim Results
3rd Sep 20074:30 pmRNSNon Binding Offer
22nd Aug 20073:45 pmRNSUpdate
17th Aug 20075:40 pmRNSAIM Rule 26
17th Aug 200710:09 amRNSAIM Rule 26 Information
6th Aug 20075:21 pmRNSExtension Approved by Court
26th Jul 20072:30 pmRNSExtension of AGM Date
19th Jul 200710:07 amRNSHolding(s) in Company
12th Jul 20077:01 amRNSTrading Statement
27th Jun 20072:30 pmRNS1st Quarter Results
24th May 200712:16 pmRNSResult of AGM
24th May 20077:00 amRNSAGM Statement
22nd May 20072:30 pmRNSAnnual Report and Accounts
22nd May 20072:30 pmRNSRestoration - Thistle Mining
2nd May 20077:01 amRNSLate filing of financials
19th Apr 200711:36 amRNSHolding(s) in Company
11th Apr 20075:02 pmRNSDebt Restructuring Plan
5th Apr 20074:39 pmRNSDirector/PDMR Shareholding
30th Mar 200710:03 amRNSDirector/PDMR Shareholding
29th Mar 20077:30 amRNSSuspension of Trading
29th Mar 20077:30 amRNSSuspension-Thistle Mining
28th Mar 20074:44 pmRNSHolding(s) in Company
28th Mar 20073:04 pmRNSHolding(s) in Company
26th Mar 20075:41 pmRNSDirector/PDMR Shareholding
26th Mar 20077:02 amRNSFinal Results
21st Mar 20074:08 pmRNSTVR & Holding in Company
20th Mar 20075:49 pmRNSHolding(s) in Company
19th Mar 20078:00 amRNSResults of General Meeting
16th Mar 20077:02 amRNSAcquisition
14th Mar 20077:00 amRNSAcquisition
13th Mar 200710:56 amRNSAmendment to Transaction
16th Feb 20072:00 pmRNSSpecial Shareholders Meeting
7th Feb 20072:30 pmRNSDirectorate Change
1st Feb 200710:21 amRNSHolding(s) in Company
1st Feb 20077:01 amRNSDisposal
1st Feb 20077:01 amRNSReserve & resource statement
25th Jan 20074:42 pmRNSDirectorate Change
24th Jan 200710:41 amRNSHolding(s) in Company
22nd Jan 200711:46 amRNSHolding(s) in Company
19th Jan 20072:03 pmRNSChange of Registered Office
16th Jan 20077:01 amRNSTrading Update
11th Jan 20075:57 pmRNSHolding in Company
13th Dec 20062:30 pmRNSTransactions and Update
11th Dec 20067:00 amRNSVoting Rights
27th Nov 20063:00 pmRNSHolding(s) in Company
10th Nov 20063:30 pmRNS3rd Quarter Results
31st Oct 20065:06 pmRNSHolding(s) in Company
26th Oct 20066:22 pmRNSHolding(s) in Company

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