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Share Name | Share Symbol | Market | Type |
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Ageas SA NV | BIT:AGS | Italy | Ordinary Share |
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0.00 | 0.00% | 0.00 | - |
RNS Number:0236R Aegis Group PLC 17 October 2003 17 October 2003 For Immediate Release Aegis Group plc Aegis Buys UK's Leading Airport Advertising Specialist Aegis Group plc ("Aegis" or "Group") - the media communications and market research group - announce that it has today acquired PSI, the UK's leading airport advertising planning and buying specialist. PSI will now become part of Posterscope, the Group's global outdoor media network. The purchase price is composed of an initial consideration of approximately #5.2m payable in cash on completion and subject to post-completion adjustments. There is also deferred cash consideration payable over three years, up to a maximum of #6m, subject to rigorous performance criteria. Commenting on the announcement, Doug Flynn, Chief Executive of Aegis said: "We view airport advertising as a robust and growing market, especially for multi-national advertisers who want to reach the exclusive business traveler audience. PSI is the UK's premier airport advertising expert and its acquisition enhances Posterscope's position as Britain's leading outdoor media specialist. Posterscope has grown rapidly in recent years and we are now close to having a truly global outdoor network." -ENDS- For further information contact: Aegis Group plc (44) 20 7070 7700 Richard Walters Financial Dynamics (44) 20 7831 3113 Charles Palmer Note to Editors About Aegis Group plc. Aegis Group plc is the holding company for Carat, its media strategy, planning and buying business and Synovate, its market research business. These two operating groups provide clients with a range of services across, media communication services, marketing consultancy and market research. Listed on the London Stock Exchange, Aegis is capitalised at around #1.3 billion and operates in 64 countries. More information is available at www.aegisplc.com. About Posterscope Posterscope is a wholly owned subsidiary of Aegis plc with offices throughout Europe, USA and Asia Pacific and billings of approximately #900m. Posterscope UK has 42% specialist market share, 98 staff and billings of #300m in 2003. About PSI PSI was founded in 1999 as a result of a management buyout from Primesight International and is the UK's leading airport advertising planning and buying specialist. This information is provided by RNS The company news service from the London Stock Exchange END ACQBBBDGGXBGGXR
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