We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bloomsbury Publishing Plc | LSE:BMY | London | Ordinary Share | GB0033147751 | ORD 1.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
10.00 | 1.87% | 546.00 | 542.00 | 548.00 | 546.00 | 536.00 | 538.00 | 25,763 | 16:35:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Books: Pubg, Pubg & Printing | 264.1M | 20.24M | 0.2497 | 21.71 | 439.34M |
TIDMBMY
RNS Number : 8122M
Bloomsbury Publishing PLC
01 May 2018
The following amendments have been made to the 'Acquisition of IBT Tauris & Co. Limited' announcement released on 1 May 2018 at 07.00 under RNS No 6564M.
Headline changed from 'Acquisition of IBT Tauris & Co. Limited' to 'Acquisition of IB Tauris & Co. Limited'.
General text in first paragraph changed from 'IBT Tauris & Co. Limited' to 'IB Tauris & Co. Limited'
All other details remain unchanged.
The full amended text is shown below.
1 May 2018
Acquisition of IB Tauris & Co. Limited
Bloomsbury Publishing Plc ("Bloomsbury") announces that it has today completed the acquisition of the entire issued share capital of IB Tauris & Co. Limited ("IBT" or the "Acquisition"), the London-based academic publisher. The consideration was GBP5.8 million, of which GBP4.8m was satisfied in cash at completion and up to GBP1.0m will be paid post-completion, subject to working capital and other adjustments.
IBT has a world-leading list in Middle East Studies, History, Politics and International Relations. Other subject areas in which it has a sizeable presence are Visual Culture, Classics, Ancient History and Religion. IBT has a back list of 4,000 titles and publishes about 200 new titles annually. Around 90% of sales are in print, so there is significant potential to grow digital revenues. IBT titles will be included within Bloomsbury's digital resources. The business will operate within Bloomsbury's Academic & Professional division.
IBT generated GBP4.3* million of revenue in the year ended 31 December 2017. There are opportunities for profit enhancements following the integration of the business into Bloomsbury. The Acquisition is expected to make a small profit in its first year, before reorganisation and acquisition costs, then be earnings enhancing thereafter. It will contribute approximately GBP3.5 million of revenue to Bloomsbury in the year ending 28 February 2019.
Nigel Newton, Chief Executive of Bloomsbury commented:
"The acquisition of IBT consolidates our significant presence in humanities and social science academic publishing. IBT's complementary lists have good growth potential, especially with their inclusion within Bloomsbury's Digital Resources strategy. This acquisition represents another key step in our strategy to continue to grow quality recurring revenues through our digital resource offering."
Notes:
1. * signifies that these numbers are unaudited.
2. The statement in this announcement regarding the enhancement of earnings does not constitute a profit forecast nor should it be interpreted as meaning that the earnings of Bloomsbury for the current or future years will necessarily match or exceed the historical published earnings of Bloomsbury.
For further information, please contact:
+44 (0) 20 7631 Bloomsbury Publishing Plc 5630 Nigel Newton, Chief Executive Wendy Pallot, Group Finance Director +44 (0) 203 727 FTI Consulting 1000 Charles Palmer / Dwight Burden SCBloomsbury@fticonsulting.com / Emma Hall / Leah Dudley
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUGUMAAUPRGQG
(END) Dow Jones Newswires
May 01, 2018 13:25 ET (17:25 GMT)
1 Year Bloomsbury Publishing Chart |
1 Month Bloomsbury Publishing Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions