YouGov Regulatory News (YOU)

28 Sep 2007 09:02

YouGov PLC28 September 2007 28 September 2007 YouGov plc Termination of Australian joint venture negotiations YouGov plc announced today that having signed heads of agreement with PhotonGroup regarding a proposed joint venture in Australia, YouGov plc terminated theheads of agreement after the board of directors determined that the deal was notin the best interests of YouGov shareholders. The joint venture was notoperational and no capital investment was made. YouGov remains committed todeveloping its presence in Asia. Enquiries: YouGov plc Nadhim Zahawi / Katherine Lee 020 7012 6000 info@yougov.com Financial Dynamics Charles Palmer / Nicola Biles 020 7831 3113 Note to Editors: Founded in May 2000, YouGov has become the de facto choice for conductingprofessional market research. For year-end 2006, turnover rose by over 200 percent to £9.5 million. For the half-year to January, YouGov, which lifted UKclient numbers by 46 per cent to 263 and claims to be enjoying 'good levels' ofrepeat business, squeezed pre-tax profits of £2.3 million from group turnover of£6.1 million. The embryonic Middle Eastern arm was boosted by an acquisitionlast year and grew 53 per cent. This information is provided by RNS The company news service from the London Stock Exchange