Less Ads, More Data, More Tools Register for FREE

Contract Renewals - Frontline Seymour

17 Oct 2022 07:00

RNS Number : 0193D Smiths News PLC 17 October 2022 160

This announcement contains insie information

160

Smiths News PLC

("Smiths News")

160

Contract Renewals with Frontline Limite an Seymour Distribution Lt

160

Smiths News is please to announce that it has successfully secure two key long-term contracts, representing the first of the next publisher an istributor contract roun renewals for 202 onwars.160

The new agreements reache with Frontline (the UK's largest magazine istributor) an Seymour (part of the Frontline Group an the UK's largest inepenent magazine istributor) secure all of Smiths News' current istribution territories in the UK from 202 through to 2030 with Frontline an Seymour, representing revenues of c.163180m p.a. at current market values. 160Combine,160 the Frontline an Seymour portfolios account for over 0% of the UK magazine market an inclue titles such as 'Raio Times', 'Take A Break' an 'TV Choice'.

The new contracts are an enorsement of the future of the printe magazine category an confirm Smiths News' leaing position as the UK's foremost route to market for publishers. The contracts provie a founation to continue other publisher contract iscussions, which are unerway.

Jon Bunting, Chief Executive Officer, commente:

"We are elighte to confirm this new agreement with both Frontline an Seymour.160 Long term partnerships with publishers an istributors are central to our business moel an allow us to continue to rive efficiencies an eliver great service for publishers, retailers, an ultimately for millions of consumers across the UK."

160

160

Enquiries:

Smiths News PLC 160160160160160160160160160160160160160160160160160160160 160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160160 Via Buchanan

Jonathan Bunting, Chief Executive Officer

Paul Baker, Chief Financial Officer

www.smithsnews.co.uk

160

Buchanan

Richar Olworth / Jamie Hooper / Toto Berger 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160 160020 7466 000

smithsnews@buchanan.uk.com

www.buchanan.uk.com

160

160

Person responsible for arranging release of this announcement:

Stuart Marriner

General Counsel Company Secretary

Smiths News plc

Rowan House

Cherry Orchar North

Kembrey Park

Swinon

SN2 8UH

email: cosec@smithsnews.co.uk

This information is provie by RNS, the news service of the Lonon Stock Exchange. RNS is approve by the Financial Conuct Authority to act as a Primary Information Provier in the Unite Kingom. Terms an conitions relating to the use an istribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP aress to confirm compliance with the terms an conitions, to analyse how you engage with the information containe in this communication, an to share such analysis on an anonymise basis with others as part of our commercial services. For further information about how RNS an the Lonon Stock Exchange use the personal ata you provie us, please see our Privacy Policy.160 END160160CNTFLFITIVLRLIF

Related Shares

Back to RNS

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.