4th Feb 2009 14:09
Smiths News PLC
Appointment of Oriel Securities Limited as Joint Broker
Following a review of its corporate broking arrangements, Smiths News PLC ("the Group"), the UK's leading wholesaler of newspapers and magazines, is pleased to announce the appointment of Oriel Securities Limited as joint broker to the Group, alongside its existing joint broker JPMorgan Cazenove.
Enquiries:
|
Smiths News PLC Mark Cashmore, Group Chief Executive Alan Humphrey, Finance Director |
Tel: 01793 563641 Tel: 01793 563641 |
|
Buchanan Communications Tim Thompson / Jeremy Garcia |
Tel: 020 7466 5000 |
About Smiths News:
Smiths News is the UK's leading wholesaler of newspapers and magazines. The Group was formed on 1 September 2006 following the demerger of WH Smith PLC.
Smiths News distributes newspapers and magazines on behalf of all the major national publishers as well as a large number of regional publishers. The business serves approximately 23,000 customers across England and Wales, supplying large general retailers as well as smaller independent newsagents.
In addition to its distribution activities, Smiths News collects and processes returns, supplies sales information to publishers and provides a range of services for its retail customers.
Smiths News has an approximate 40 per cent share of the magazine wholesaling sector and an approximate 35 per cent share of the newspaper wholesaling sector in the UK.
Smiths News has 45 distribution centres across England and Wales, employing 4,000 staff.
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