18 Jul 2019 09:21
18 July 2019
This announcement contains inside information.
Reach plc
Response to media speculation
The Board of Reach plc ("Reach" or the "Company") notes the recent media speculation and confirms that it is in the early stages of discussions in relation to acquiring certain of JPI Media's assets. As has been previously stated by the Company, regular consideration is given to merger and acquisition opportunities which would accelerate its strategy. There can be no certainty at this stage that these discussions will lead to an agreed transaction.
A further announcement will be made if and when appropriate.
The person who arranged for the release of this announcement on behalf of Reach was Simon Fuller, Chief Financial Officer and Company Secretary.
Enquiries
Reach plc | ||
Simon Fox, Chief Executive Simon Fuller, Chief Financial Officer and Company Secretary | 020 7293 3553 | |
Brunswick | ||
Nick Cosgrove, Partner | 020 7404 5959 | |
Will Medvei, Director | ||
About Reach plc
Reach plc is a media company providing digital and print coverage of news, sport, entertainment and more. Our titles include national brands such as the Daily Mirror, the Daily Express and the Daily Record, as well as many prominent regional news titles, two celebrity magazines and a network of over 70 websites. We reach audiences in every region of the UK across our multiple platforms. In 2018 we sold 620 million newspapers and had over one billion online page views every month, making us the leading UK news publisher.
Reach Plc (RCH)