21st Dec 2016 12:37
21 December 2016
Johnston Press plc (the "Company")
Publication of Circular and Notice of General Meeting relating to the disposal of Johnston Publishing East Anglia Limited
On 16 December 2016, Johnston Press plc ("Johnston Press" or the "Company") announced that its subsidiary, Johnston Publishing Limited, had conditionally agreed to sell the entire issued share capital of Johnston Publishing East Anglia Limited, which will hold 13 publishing titles and associated websites in East Anglia and the East Midlands (the "Disposal"). The Company is pleased to announce that a circular in relation to the Disposal (the "Circular") has been published and is being posted to shareholders today.
The Disposal is subject to the approval of shareholders of the Company and, accordingly, the Circular contains a notice convening a general meeting of the Company to be held at 10.00 a.m. on 11 January 2017 at the offices of Ashurst LLP, Broadwalk House, 5 Appold Street, London, EC2A 2HA (the "General Meeting").
The Circular will also shortly be available to view or download on the Company's website www.johnstonpress.co.uk. In accordance with Listing Rule 9.6.1R, a copy of the Circular and the accompanying form of proxy have been submitted to the National Storing Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
Expected timetable of principal events
Announcement of the Disposal | 16 December 2016 |
Publication of the Circular | 21 December 2016 |
Latest time and date for receipt of Forms of Proxy | 10.00 a.m. on 9 January 2017 |
General Meeting | 10.00 a.m. on 11 January 2017 |
Expected date for Completing of the Disposal | 17 January 2017 |
Long Stop Time for Shareholder approval | 11.59 p.m. on 31 March 2017 |
References in this announcement to time are to London time, unless specified otherwise.
For further information please contact:
Johnston Press | |
Ashley Highfield, Chief Executive Officer | 020 7612 2601 |
David King, Chief Financial Officer | 020 7612 2602 |
Bell Pottinger | |
Dan de Belder | 020 3772 2561 |
Henry Lerwill
| |
Panmure Gordon (Sponsor and Joint Broker) | |
Dominic Morley / Andrew Potts / Alina Vaskina (Corporate Finance) Charles Leigh-Pemberton (Corporate Broking) | 020 7886 2500
|
Liberum (Joint Broker) | |
Neil Patel | 020 3100 2000 |
Ingenious Corporate Finance (Financial Adviser) | |
Toby Ramsden | 020 7319 4159 |
Graham Smith | 020 7319 4162 |
Related Shares:
Johnston Press PLC