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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Smiths News Plc | AQSE:SNWS.GB | Aquis Stock Exchange | Ordinary Share | GB00B17WCR61 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 64.50 | 62.00 | 67.00 | 64.50 | 64.50 | 64.50 | 0.00 | 06:42:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2021 to Dec 2024
TIDMSNWS
RNS Number : 0193D
Smiths News PLC
17 October 2022
This announcement contains inside information
Smiths News PLC
("Smiths News")
Contract Renewals with Frontline Limited and Seymour Distribution Ltd
Smiths News is pleased to announce that it has successfully secured two key long-term contracts, representing the first of the next publisher and distributor contract round renewals for 2025 onwards.
The new agreements reached with Frontline (the UK's largest magazine distributor) and Seymour (part of the Frontline Group and the UK's largest independent magazine distributor) secure all of Smiths News' current distribution territories in the UK from 2025 through to 2030 with Frontline and Seymour, representing revenues of c.GBP180m p.a. at current market values. Combined, the Frontline and Seymour portfolios account for over 50% of the UK magazine market and include titles such as 'Radio Times', 'Take A Break' and 'TV Choice'.
The new contracts are an endorsement of the future of the printed magazine category and confirm Smiths News' leading position as the UK's foremost route to market for publishers. The contracts provide a foundation to continue other publisher contract discussions, which are underway.
Jon Bunting, Chief Executive Officer, commented:
"We are delighted to confirm this new agreement with both Frontline and Seymour. Long term partnerships with publishers and distributors are central to our business model and allow us to continue to drive efficiencies and deliver great service for publishers, retailers, and ultimately for millions of consumers across the UK."
Enquiries:
Smiths News PLC Via Buchanan
Jonathan Bunting, Chief Executive Officer
Paul Baker, Chief Financial Officer
www.smithsnews.co.uk
Buchanan
Richard Oldworth / Jamie Hooper / Toto Berger 020 7466 5000
smithsnews@buchanan.uk.com
www.buchanan.uk.com
Person responsible for arranging release of this announcement:
Stuart Marriner
General Counsel & Company Secretary
Smiths News plc
Rowan House
Cherry Orchard North
Kembrey Park
Swindon
SN2 8UH
email: cosec@smithsnews.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
October 17, 2022 02:00 ET (06:00 GMT)
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