8th May 2007 07:02
Trinity Mirror PLC08 May 2007 Trinity Mirror plc Acquisition of TotallyLegal.com Limited Trinity Mirror plc is pleased to announce the acquisition of TotallyLegal.comLimited, the owner of TotallyLegal.com, the UK's leading online recruitment sitefor the legal profession, and TotallyFinancial.com, a leading online recruitmentsite serving the finance sector. The total consideration for this acquisition is£11.8 million in cash. The acquisition represents the latest stage of Trinity Mirror's strategy todevelop its digital and online businesses through organic growth and appropriateacquisitions. These sites will join the Group's portfolio of successful onlinerecruitment businesses which already includes sites such as SecsintheCity,GAAPweb, hotonline and its stake in the Fish4Jobs joint venture. Commenting on the acquisition, Sly Bailey, said: "this is the latest stage inour strategy of developing our digital businesses. TotallyLegal is Britain'sleading website for legal recruitment and together with TotallyFinancial willcomplement our existing suite of professional recruitment sites perfectly." Bernard Howard, the founder of TotallyLegal, commented, "I am delighted thatTotallyLegal is becoming part of such a large and growing digital publishinggroup. With the additional exposure and resources that Trinity Mirror willbring, we look forward to a very strong future for the business." With its specialist job sites, its regional network of over 80 local job sites,together with Fish4jobs Trinity Mirror continues to strengthen its position andgrow market share in the on-line recruitment market. Enquiries Trinity Mirror plcNick Fullagar, Director of Corporate Communications 020 7293 3622 Maitland 020 7379 5151Neil BennettEmma Burdett This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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