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Completion of Sale of Classic Rock & Metal Hammer

17th Apr 2013 13:39

RNS Number : 5887C
Future PLC
17 April 2013
 



 

17 April 2013

 

Future plc

 

Completion of Sale of Classic Rock & Metal Hammer

 

Future plc (LSE: FUTR), the international media group and leading digital publisher, today announces the completion of the sale of its UK rock titles Classic Rock, Metal Hammer and associated brand extensions to Team Rock Limited for a gross consideration of £10.2m, satisfied in cash.

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Enquiries

Future plcMark Wood, Chief Executive Tel: 020 7042 4007Graham Harding, Chief Financial Officer Tel: 01225 788101Chris Taylor, Director of Communications Tel: 020 7042 4033/07980 221942

Brunswick GroupJon Coles / Andy Rivett-Carnac Tel: 020 7404 5959

Numis Securities, Financial Adviser and Broker

Lorna Tilbian / Nick Westlake / Mark Lander Tel: 020 7260 1345

 

TeamRock Ltd

Billy Anderson, Chief Executive Tel: 07813 061 577

About Future plc:

·; Future plc is an international media group and leading digital publisher, listed on the London Stock Exchange (symbol: FUTR).

·; We have operations in the UK, US and Australia creating 200 publications, apps, websites and events.

·; We hold market-leading positions in Technology, Entertainment, Guitar, Creative and Sport & Auto sectors. 

·; We attract more than 50 million monthly global unique users to our websites, which include techradar.com, gamesradar.com, bikeradar.com and musicradar.com.

·; Future sells more than 24 million magazines every year, that's 45 magazines sold every minute. Our most well-known brands include T3, Cycling Plus, Total Film and Official Xbox Magazine

·; We deliver over 100 digital editions, selling over three million products powered by our own app creation software, FutureFolio.

·; Future exports or syndicates over 200 publications to over 90 countries, making us the UK's number one exporter and licensor of magazine content.

·; Future is currently Consumer Digital Publisher of the Year for both the Association of Online Publishers and the Professional Publishers Association.

 

 

 

 

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