Smiths News PLC Contract Renewals - Frontline & Seymour (0193D)

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 

[e-mail]

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: [e-mail]

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTFLFITIVLRLIF

(END) Dow Jones Newswires

October 17, 2022 02:00 ET (06:00 GMT)