24 Sep 2009 10:08
Smiths News PLC Response to OFT announcement
Smiths News notes today's decision by the Office of Fair Trading ("OFT") not to refer the newspaper and magazine distribution sector to the Competition Commission.
The Company fully supports today's announcement, finally drawing a line under what has been a transparent and thoroughly rigorous process.
Mark Cashmore, Chief Executive of Smiths News commented:
"We have fully cooperated with the OFT throughout this review and are pleased that today's announcement brings additional clarity to our industry.
Our core business priorities remain unchanged following this decision, as we strive for operational excellence, providing an industry leading supply chain platform to retailers and publishers alike."
Enquiries:
Smiths News PLC
Mark Cashmore, Chief Executive Tel: 01793 563641 Alan Humphrey, Finance Director
Buchanan CommunicationsMark Edwards / Jeremy Garcia Tel: 020 7466 5000
CNCT.L (CNCT)