25th Jan 2005 11:28
25th January 2005 Daily Mail and General Trust plc (`DMGT') Acquisition of Ad:Tech series of exhibitions dmg world media, the exhibitions division of DMGT, has announced theacquisition of the assets of the Ad:Tech series of exhibitions from JD EventsLLC. Ad:Tech exhibitions are currently held annually in New York, Chicago andSan Francisco and new shows have been launched for 2005 in the UK and China,both of which will be run under licence by local exhibition operators.The total cost is estimated to be US$19.4 million (‚£10.4 million), including aninitial payment of $16.5 million (‚£8.8 million) and a further payment in 2006,based on the performance of the business. We expect the acquisition to beearnings enhancing before goodwill amortisation during the current year.Enquiries to:Ben Brougham, Business Development Director, dmg world media 020 8515 2163Peter Williams, Finance Director, DMGT 020 7938 6631 Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT Tel 020 7938 6000 Fax 020 7938 4626 www.dmgt.co.uk Registered in England and Wales No. 184594ENDRelated Shares:
DMGT.L