Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWilmington Regulatory News (WIL)

Share Price Information for Wilmington (WIL)

Share Price is delayed by 15 minutes
Get Live Data
260.00    0.00 (0.00%)
Bid:
256.00
Ask:
265.00
Spread: 9.00 (3.516%)
Market Cap: £232.84m
WIL Live PriceLast checked at - London Stock Exchange

Intraday Wilmington Share Chart

Acquisition

18 May 2012 14:18

RNS Number : 6762D
Wilmington Group Plc
18 May 2012
 



 

18 May 2012

 

Wilmington Group Plc

Acquisition

Wilmington Group Plc (the "Group" or "Wilmington"), the professional information and training group, is pleased to announce the acquisition of the business and certain assets of Millennium ADMP Ltd which is in administrative receivership (the "Business"), for a cash consideration of £465,000.

The Business was acquired today by Wilmington Millennium Ltd, a wholly owned subsidiary of Wilmington formed for the purpose of making the acquisition. Wilmington will fund the consideration from existing debt facilities.

The Business provides information and services to the insurance market and provides data and sales services to Smee & Ford Ltd another wholly owned Wilmington subsidiary.

During the year ended 30 June 2011, the Business made profits before interest, tax and amortisation of £0.4 million on turnover of £5.9 million. The Business has gross assets of approximately £0.9 million.

Charles Brady, CEO of Wilmington, commented "We are pleased to have been able to rescue one of our trading partners and secure the continuing employment of their staff. For Wilmington the acquisition represents an opportunity not only to secure the continued support for the activities of Smee & Ford but to benefit from the services which Millennium provides to a number of major insurance companies".

 

- ends -

For further information, please contact:

Wilmington Group Plc 020 7422 6800Charles Brady, Chief ExecutiveBasil Brookes, Finance Director

Weber Shandwick Financial 020 7067 0700Nick Oborne or Stephanie Badjonat

Note to Editors

Wilmington Group plc is one of the UK's leading providers of information and training for professional business markets including accountancy and tax; banking; charities; financial compliance; healthcare; insurance; law and pensions. Capitalised at approximately £80 million, Wilmington floated on the London Stock Exchange in 1995.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQUWAORUNAVAAR
Date   Source Headline
4th Aug 200611:01 amRNSMerger Update
2nd Aug 200610:52 amRNSAdjournment of EGM
1st Aug 20065:20 pmRNSAdjournment of EGM
26th Jul 20065:39 pmRNSResponse to Possible Offer
14th Jul 20067:00 amRNSRule 8.4 Disclosure
12th Jul 200611:11 amRNSDisclosure Rule 8.4
10th Jul 20061:32 pmRNSMerger Update
10th Jul 20061:06 pmRNSRule 8.3-Wilmington Group Plc
7th Jul 20064:41 pmRNSDisclosure under Rule 8.4
29th Jun 20061:16 pmRNSRule 8.4 Disclosure
26th Jun 20067:00 amRNSMerger
15th May 20067:01 amRNSAcquisition
16th Mar 20067:03 amRNSInterim Results
15th Feb 200610:33 amRNSNotice of Results
9th Feb 20067:00 amRNSAcquisition
13th Jan 20066:01 pmRNSHolding(s) in Company
9th Jan 20066:15 pmRNSHolding(s) in Company
8th Dec 20057:00 amRNSTrading Statement
21st Nov 20055:17 pmRNSHolding(s) in Company
21st Nov 20055:17 pmRNSHolding(s) in Company
16th Nov 20053:01 pmRNSDirector/PDMR Shareholding
11th Nov 20053:39 pmRNSHolding(s) in Company
9th Nov 20053:32 pmRNSAGM Statement
9th Nov 20057:01 amRNSIFRS Statement
27th Oct 20055:10 pmRNSDirector/PDMR Shareholding
20th Oct 20057:04 amRNSAcquisition
19th Oct 20059:22 amRNSAnnual Information Update
6th Oct 200512:12 pmRNSAnnual Report and Accounts
29th Sep 200511:28 amRNSHolding(s) in Company
22nd Sep 20059:22 amRNSDirector/PDMR Shareholding
15th Sep 20057:03 amRNSFinal Results
13th Sep 20051:25 pmRNSDisposal
26th Aug 200511:52 amRNSNotice of Results
14th Jul 20057:00 amRNSPre-Close Period Statement
16th Jun 20057:00 amRNSBoard Changes
19th May 20057:00 amRNSAcquisition
7th Apr 20057:00 amRNSDirectorate Change
24th Feb 20057:01 amRNSInterim Results
22nd Feb 20053:38 pmRNSAdditional Listing
25th Jan 20057:00 amRNSNotice of Results
19th Jan 20057:00 amRNSDirectorate Change

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.