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JPR Johnston Press

2.745
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Johnston Press LSE:JPR London Ordinary Share GB00BRK8Y334 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.745 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Johnston Press PLC Completion of disposal (3574U)

17/01/2017 10:34am

UK Regulatory


Johnston Press (LSE:JPR)
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RNS Number : 3574U

Johnston Press PLC

17 January 2017

Johnston Press plc

Completion of the disposal of 13 publishing titles and associated websites in East Anglia and East Midlands for GBP17 million

Johnston Press plc ("Johnston Press") is pleased to announce that it has completed the disposal of the entire issued share capital of Johnston Publishing East Anglia Limited, which owns 13 publishing titles and associated websites in East Anglia and the East Midlands, to Iliffe Media Limited for cash consideration of GBP17.0 million (the "Disposal").

The Disposal was originally announced on 16 December 2016 and was approved by shareholders of Johnston Press at a general meeting on 11 January 2017.

Ashley Highfield, Chief Executive of Johnston Press said,

"This disposal marks a major milestone in our divestment strategy and puts us firmly on the path of refocusing our activities on areas with the greatest growth potential in our selected geographic markets, audience profile and digital growth areas. The Disposal also reduces our net debt, putting us on a stronger financial footing."

For further information please contact:

 
 Johnston Press 
 Ashley Highfield, Chief Executive 
  Officer                                  020 7612 2601 
 David King, Chief Financial Officer       020 7612 2602 
 
 Bell Pottinger 
 Dan de Belder / Henry Lerwill             020 3772 2500 
 
 Panmure Gordon (Sponsor and Joint 
  Broker) 
 Dominic Morley / Andrew Potts 
  / Alina Vaskina (Corporate Finance) 
  Charles Leigh-Pemberton (Corporate 
  Broking)                                 020 7886 2500 
 
 Liberum (Joint Broker) 
 Neil Patel                                020 3100 2000 
 
 Ingenious Corporate Finance (Financial 
  Adviser) 
 Toby Ramsden                              020 7319 4159 
 Graham Smith                              020 7319 4162 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISBRMMTMBJBBTR

(END) Dow Jones Newswires

January 17, 2017 05:34 ET (10:34 GMT)

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