Change of Adviser

6 Jun 2006 07:01

Creston PLC06 June 2006 Date: 6th June 2006On behalf of: Creston PlcEmbargoed until: 0700hrs Creston PlcChange of Adviser Creston Plc, the marketing services group, is pleased to announce theappointment of Panmure Gordon as sole financial adviser and broker withimmediate effect. - ends - For further information: Creston Plc 020 7930 9757Don Elgie Panmure Gordon 020 7614 8388Dominic Morley Redleaf Communications Limited 020 7955 1410Emma Kane/Sanna Lehtinen About Creston Plc Creston is fully listed on the London Stock Exchange under CRE.LN. Additionalinformation is available on www.creston.com. Creston's audited results for theyear to 31 March 2005 were released on 22 June 2005, showing a 68% rise in PBTto £3.5million (2004: £2.1million) and a 25% rise in diluted EPS to 10.56 (2004:8.47). Creston's strategy is to build a diversified international marketing servicesgroup through a combination of organic growth and selective acquisitions. TheBoard's aim is to identify synergistic benefits between currently independentmarketing services companies offering premium services such as market research,direct marketing, advertising, PR and other areas of marketing communications. Since January 2001, when the Company was repositioned as a marketing servicesgroup, Creston has made seven significant acquisitions, which have demonstratedgrowth despite challenging market conditions: December 2000 Creston becomes cash shell following disposal of property portfolioJanuary 2001 Acquisition of Marketing Sciences Limited, an international quantitative and qualitative market research company, based in WinchesterNovember 2001 Acquisition of The Real Adventure Marketing Communications Limited, a national direct marketing and CRM company, based in BathDecember 2002 Acquisition of EMO Group Limited, a national channel marketing communications company, based in Swindon and BristolOctober 2003 Acquisition of Nelson Bostock Communications Limited, a London based public relations agencySeptember 2004 Acquisition of CML Research Limited, a London based qualitative market research businessMarch 2005 Acquisition of DLKW Group, a London based advertising and communications groupJuly 2005 Acquisition of Red Door Communications Ltd, a London based specialist healthcare PR agencyMay 2006 Acquisition of ICM Research Limited, a independent UK full service market research agencyMay 2006 Acquisition of Tullo Marshall Warren Limited and Columbus Communications Ltd (the sister agency of TMW), a UK direct marketing agency This information is provided by RNS The company news service from the London Stock Exchange