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Pin to quick picksThe Mission Group Regulatory News (TMG)

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Market Cap: £16.31m
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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
25th Oct 20065:25 pmRNSHolding(s) in Company
16th Oct 20062:07 pmRNSAdditional Listing
6th Oct 200611:59 amRNSHolding(s) in Company
14th Sep 20067:01 amRNSInterim Results
17th Aug 20062:30 pmRNSStatement re RAB Special Sit.
15th Aug 20067:00 amRNS2006 Second Quarter Results
12th Jul 20065:28 pmRNSHolding(s) in Company
10th Jul 20064:20 pmRNSDirector Shareholding
27th Jun 200611:33 amRNSHolding(s) in Company
20th Jun 200610:09 amRNSHolding in Company
19th Jun 20062:30 pmRNSAppointment of advisor
25th May 20063:38 pmRNSHolding(s) in Company
16th May 20068:20 amRNSFirst Quarter Results
13th Apr 20068:02 amRNSAcquisition &1st Day Dealings
31st Mar 20066:30 pmRNSPrelim. Statement of Ann Res
31st Mar 20066:30 pmRNSCredit Agreement
23rd Dec 20051:30 pmRNSWage agreement reached
14th Nov 20052:30 pmRNS3rd Quarter Results
14th Nov 20059:00 amRNSDirectorate Change
7th Nov 20051:00 pmRNSDirectorate Change
19th Oct 20052:30 pmRNSAgreement reached with Unions
12th Sep 20052:50 pmRNSInterim Results
15th Aug 20055:00 pmRNSRelisting on TSX update
22nd Jul 20057:00 amRNSPresident Steyn mine
6th Jul 20054:29 pmRNSRestructuring/Trading Update
1st Jul 20059:57 amRNSSenior management appts
1st Jul 20059:54 amRNSFinal Results
1st Jul 20059:36 amRNSCCAA completes/new directors
30th Jun 20057:00 amRNSTemporary Suspension
30th Jun 20057:00 amRNSSuspension - Thistle Mining
11th May 20055:07 pmRNSSanction order obtained
4th May 20052:44 pmRNSCreditors approve plan
25th Apr 20052:30 pmRNSRestructuring plans update
8th Apr 20051:47 pmRNSMailing of meeting materials
31st Mar 20059:07 amRNSCCAA Extension
29th Mar 20053:30 pmRNSFiling of Financial Statement
15th Mar 20053:59 pmRNSReserves & Resources update
25th Feb 20058:32 amRNSActivities update
8th Feb 20057:00 amRNSCreditors arrangement update
7th Jan 20055:16 pmRNSCreditors arrangement

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