Centaur Holdings PLC
08 March 2006
Centaur Holdings plc
Acquisition of outstanding 50% of online information service
Centaur Holdings plc (note 1), the specialist business publishing and
information company, today announces that it has acquired the outstanding 50% of
Headlinemoney (HM), the online information service, taking its ownership of the
business to 100%.
The HM business comprises an online subscription-based service, which enables
companies to communicate with financial journalists, and an associated awards
event. It carries announcements relating to the launch of new retail financial
products. It has become an increasingly important source of information in view
of the significant changes occurring within the personal finance market. HM was
developed in 2002 by Centaur's financial services team in conjunction with Roger
Anderson, a financial journalist and former editor of Money Marketing. Roger
Anderson will continue to work closely with Centaur following the acquisition.
In the year to 30 June 2005, HM achieved revenues of £0.7 million which
generated an EBIT of £0.15 million after allocation of central corporate
overheads.
Consideration of £0.75 million was paid on completion, with a further deferred
payment of up to £0.55 million subject to HM's performance for the year to 30
June 2006. The acquisition is expected to make a modest positive contribution to
Centaur's earnings in the current financial year.
Graham Sherren, Centaur's Chairman and CEO, said: 'Roger Anderson has made an
outstanding contribution to the successful establishment of HM as an important
service to its users. I am delighted that he will continue to work with us in
the future. I believe that Centaur will be able to continue to build on the
success of HM within our Financial Division.'
Enquiries:
Centaur Holdings plc Graham Sherren Tel: 020 7970 4000
Geoff Wilmot
Gavin Anderson & Company Richard Constant Tel: 020 7554 1400
Robert Speed
Janine Brewis
Notes for editors
1. Centaur's product portfolio currently comprises 9 weekly magazines, 2
fortnightly magazines, 11 monthly magazines, 4 magazines of a quarterly or
bi-monthly frequency, 2 monthly newsletters, 27 annual printed products, 19
online products or services, 25 awards or other sponsored events, 25
exhibitions and 90 conferences.
2. Centaur reports its results within 5 distinct business sector segments,
namely Legal and Financial, Marketing and Creative, Engineering and
Construction, Perfect Information and Other. The first 3 segments comprise
principally the following vertical business communities in which Centaur
publishes market-leading magazine titles: Retail Financial Products, Legal
Services, Marketing Services, Creative Services, New Media, Engineering,
Private Homebuilding. Centaur also enjoys strong positions in a number of
other specialist communities, namely HR, Visual Arts Production,
Construction, Antique Rugs and Textiles, Logistics, Recruitment and Public/
Private Finance. In addition, it serves the Business Travel community with 3
leading trade shows in the UK and overseas
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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