19th Jan 2006 09:30
Centaur Holdings PLC19 January 2006 19.1.06 Centaur Holdings plc (Centaur) acquires key specialist consumer magazine Centaur, the specialist publishing and information company, is pleased toannounce that, subject to the satisfactory agreement of final terms, it willacquire the Period Living & Traditional Homes magazine and web site (PL) fromEMAP Consumer Media Ltd for £1.5 million, to be paid in cash less the amount ofunfulfilled subscription liabilities. PL is a leading monthly specialist consumer magazine with a 55,337 ABC auditedcirculation, read by individuals with a particular interest in period homes.PL's profit before tax (after allocation of overheads) for the 12 months to 31stMarch 2005, the date of the last published accounts, was £0.37m. The acquisitionis expected to be earnings enhancing in the current financial year. Graham Sherren, Chairman and Chief Executive of Centaur, said: "We are pleasedto be able to add Period Living & Traditional Homes to our portfolio ofspecialist home-interest brands based around the leading title, Homebuilding andRenovating. We believe that there will be a number of complementary benefits tobe derived from the acquisition and we look forward to investing further in PLto strengthen the magazine and to extend the brand into other media. Thisacquisition, as was the case with our recent acquisitions of Supply ChainBusiness, Logistics Europe and The Recruiter, reflects our strategy of seekingto develop market-leading positions in key communities." It is expected that Completion of this transaction will take place on 3rdFebruary 2006. PL staff transferring from EMAP to Centaur will be located atCentaur's London offices from that date. Enquiries: Centaur Holdings plc Graham Sherren Tel: 020 7970 4506 Geoff Wilmot Gavin Anderson & Company Richard Constant Tel: 020 7554 1400 Robert Speed Janine Brewis For Emap: Humfrey Hunter Tel: 020 8834 1809Ian Monk Associates Business DescriptionCentaur's product portfolio currently comprises 9 weekly magazines, 2fortnightly magazines, 11 monthly magazines, 4 magazines of a quarterly orbi-monthly frequency, 2 monthly newsletters, 27 annual printed products, 19online products or services, 25 awards or other sponsored events, 25 exhibitionsand 90 conferences. Centaur reports its results within 5 distinct business sector segments, namelyMarketing and Creative, Legal and Financial, Engineering and Construction,Perfect Information and Other. The first 3 segments comprise principally thefollowing vertical business communities in which Centaur publishesmarket-leading magazine titles: Marketing Services, Creative Services, NewMedia, Retail Financial Products, Legal Services, Engineering, PrivateHomebuilding. Centaur also enjoys strong positions in a number of otherspecialist communities, namely HR, Visual Arts Production, Construction, AntiqueRugs and Textiles, Logistics, Recruitment and Public/Private Finance. Inaddition, it serves the Business Travel community with 3 leading trade shows inthe UK and overseas This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Centaur