28th Jul 2008 07:00
28th July 2008 Daily Mail and General Trust plc (`DMGT') Disposal of US and Canadian Home Shows
dmg world media, the exhibitions division of DMGT, has confirmed the sale of its portfolio of 38 US and Canadian home shows to Marketplace Events LLC, which has been formed by Stephens Capital Partners LLC, an affiliate of Stephens Inc., a privately held investment bank in Little Rock, Arkansas. The sale is valued at US$53 million (‚£27 million) comprising cash at closing of $44 million and an interest bearing promissory note of US$9 million.
dmg world media originally announced its intention to sell its US and Canadian home show portfolio in September 2007.
Enquiries to:
Mark Alcock, Deputy Chief Executive Officer, dmg world media 001 415 464 8500
Mia Eng, Communications, dmg world media 001 416 385 2016
Peter Williams, Finance Director, DMGT 020 7938 6631
Andrew 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. 184594 Not for public release until 7am on 28th July, 2008
DAILY MAIL & GENERAL TRUST PLCRelated Shares:
DMGT.L