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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ite Group Plc | LSE:ITE | London | Ordinary Share | GB0002520509 | 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% | 82.50 | 82.30 | 82.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMITE
RNS Number : 8081U
ITE Group PLC
17 July 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT
ITE Group plc
COMPLETION OF ACQUISITION OF ASCENTIAL EVENTS LIMITED
ITE Group plc ("ITE" or the "Company") is pleased to announce the completion of the Acquisition of Ascential Events Limited from Ascential plc based on an enterprise value of GBP300 million (calculated on a cash-free, debt-free basis and subject to normalised working capital) following the initial announcement on 15 May 2018.
Commenting on the acquisition, Mark Shashoua, Chief Executive Officer of ITE, said:
"I am delighted to announce the completion of the acquisition of the Ascential Exhibitions business. These events, all of which are market-leading, are well-known to us, and under ITE's ownership we look forward to treating them as Core, giving them the investment, management focus and international platform they need to grow. This highly complementary portfolio of exhibitions will help to propel us towards our vision of creating the world's leading portfolio of content-driven, must-attend events that deliver an outstanding experience and return on investment for our customers. I would like to formally welcome all of our new employees to ITE as we look to run the best shows, anywhere in the world."
Capitalised terms not defined herein, are defined at Part XXI of the combined prospectus and circular published by the Company on 6 June 2018.
Enquiries:
+44 (0) 20 7596 ITE 5000 Mark Shashoua, Chief Executive Officer Andrew Beach, Chief Financial Officer Melissa McVeigh, Director of Communications +44 (0) 20 7597 Investec 5970 (Sponsor, Financial Adviser, Joint Broker, Joint Bookrunner and Lead Underwriter) Corporate Finance: Andrew Pinder, Junya Iwamoto, David Anderson Corporate Broking: Sara Hale, Chris Sim, Neil Coleman +44 (0) 20 7260 Numis 1000 (Joint Broker, Joint Bookrunner and Joint Underwriter) Nick Westlake, Toby Adcock, Hugo Rubinstein +44 (0) 20 3727 FTI Consulting 1000 (Financial PR) Charles Palmer, Emma Hall, Harry Staight
IMPORTANT NOTICE
In comparing the events organised by the ITE Group and the Ascential Exhibitions Group, the Company regards the main comparators to be the number of exhibitors, number of attendees, floor space required and/or revenues generated by the event in question. A "market-leading" or "must-attend" event would, in the opinion of the Company, be one which was the leader across the most relevant (to the event concerned) of these comparators.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, securities to any person in the United States, Australia, Canada, Japan or South Africa or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or under any securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, taken up, exercised, resold, renounced, or otherwise transferred, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offering of the securities in the United States.
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.
END
ACQEAPXKFANPEFF
(END) Dow Jones Newswires
July 17, 2018 02:00 ET (06:00 GMT)
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