Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Completion of Acquisition

5th Jan 2015 14:41

RNS Number : 3076B
Communisis PLC
05 January 2015
 

 

 

 

5 January 2015

 

Communisis plc

 

("Communisis" or the "Group")

 

Completion of the acquisition of Life Marketing Consultancy Limited

("the Acquisition")

 

 

Leading provider of personalised customer communication services, Communisis plc (LSE: CMS), confirms that it has completed the acquisition of the entire share capital of Life Marketing Consultancy Limited ("Life").

 

About Life

 

Life is an award-winning, research and insight-led shopper marketing agency. Life's clients are leading consumer goods groups especially in the food, drinks, technology and pharmaceutical sectors. Life has 63 permanent employees and operates from offices in Birmingham and London. The principal vendors, David Poole and Ian Humphris will join the Group in senior executive roles.

 

Shopper marketing focuses distinctly on understanding and influencing consumer behaviour within the shopping environment whilst also taking account of retailer strategies and requirements. It is an important component of the marketing budgets of large consumer goods brands.

 

Strategic Rationale

 

Life is complementary to the Group's Design and Deploy segments adding to its capabilities in brand communication and deployment services. It will allow Communisis to extend the range of services offered to its growing number of consumer goods clients.

 

The Acquisition is aligned with the Group's' strategic initiatives to expand in higher margin business areas and to deliver more value to its existing leading-brand clients.

 

The Acquisition offers considerable scope for growth. It provides opportunities for revenue synergies both within the Group's existing client portfolio and through the cross-selling of other marketing services in social media, video, digital production and content marketing.

 

Acquisition Terms

 

Part of the initial consideration for the Acquisition is being satisfied by the issue of 7,988,015 new ordinary shares in Communisis (the "Consideration Shares") and application will be made to the UK Listing Authority for the Consideration Shares to be admitted to the Official List maintained by the UK Listing Authority and to the London Stock Exchange for the Consideration Shares to be admitted to trading on its Main Market for listed securities. It is expected that admission of the Consideration Shares will become effective, and that dealings in the Consideration Shares will commence, at 8.00 a.m. on or around 9 January 2015. Further terms of the acquisition are as announced on 23 December 2014. The maximum consideration payable is £23.3m over three years.

 

Total Voting Rights and Share Capital

 

In conformity with DTR 5.6.1AR Communisis advises that following admission of the Consideration Shares, the Company's issued share capital will consist of 207,015,564 ordinary shares of 25p each with voting rights. The Company does not hold any ordinary shares in treasury.

 

The total number of voting rights in Communisis plc will therefore be 207,015,564 (the "Voting Rights Figure").

 

The Voting Rights Figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA's Disclosure and Transparency Rules.

 

Andy Blundell, Chief Executive, commented;

 

"Life has an excellent reputation in shopper marketing. It brings new capability to Communisis, broadening our agency proposition and complementing the brand deployment services offered to our growing number of consumer goods clients. This acquisition will benefit our fastest growing and higher margin business segments."

 

 

For further information please contact:

 

 

Communisis plc

020 7382 8952

Andy Blundell / Mark Stoner

 

 

 

FTI Consulting

020 3727 1000

Matt Dixon / Lucy Delaney

 

 

 

Cenkos Securities

020 7397 8900

Ivonne Cantu

 

 

 

N+1 Singer

020 7496 3000

Sandy Fraser / Richard Lindley

 

 

 

About Communisis

 

Communisis is a UK leading provider of personalised customer communication services that specialises in helping clients communicate with their customers more effectively and more profitably in fast-changing markets.

 

Communisis has a reputation for production excellence and innovation and is trusted by many leading, consumer-facing brands to design, produce and deploy multi-channel personalised customer communications accurately, securely, reliably and at scale.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQEALFSEDXSEFF

Related Shares:

Communisis PLC
FTSE 100 Latest
Value8,809.74
Change53.53