22nd Apr 2013 10:00
22 April 2013
ITV acquires The Garden
ITV plc has agreed to acquire 100% of the multi-award winning independent producer, The Garden, the company behind 24 Hours in A&E and Inside Claridge's.
ITV will pay an upfront cash consideration of £18m with a further capped cash payment contingent on The Garden's future performance. The additional consideration is only payable on the delivery of significant profit growth over the next five years. In 2012 The Garden made an operating profit of £2.5m.
ENDS
For further enquiries please contact:
Investor Relations: Pippa Foulds +44 20 715 76555 or +44 7778 031097
Media Relations: Mary Fagan +44 20 715 73965 or +44 7736 786448
Mike Large +44 20 715 73021 or +44 7768 261528
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