4th May 2006 15:38
4 May, 2006 Daily Mail and General Trust plc (`DMGT') Completion of acquisition of Genscape DMGT announces that DMG Information, its business to business informationdivision, has completed the purchase of Genscape, Inc. following clearance ofthe transaction by the U.S. anti-trust authorities.As previously announced on 20 April, 2006 the initial consideration is $130million (‚£71 million) payable in cash, with additional payments to acquireemployee options up to a maximum of $66 million (‚£36 million) payable between2008 and 2011 based on future financial performance.Genscape, which is based in Louisville, Kentucky, U.S.A. is the market-leadingprovider of real-time energy generation and transmission information to theenergy trading markets in North America and Europe.Enquiries to:Peter Williams Finance Director, DMGT 020 7938-6631Paul Sykes Chief Financial Officer, DMGI 001 203 973-2940Andrew Honnor Tulchan Communications 020 7353-4200 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. 184594ENDDAILY MAIL & GENERAL TRUST PLCRelated Shares:
DMGT.L