Completion of acquisition

RNS Number : 9169E

ITE Group PLC

23 October 2018

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

23 October 2018

ITE Group plc

("ITE" or the "Group")

Completion of acquisition

ITE Group plc announces that it has today completed the acquisition of Mining Indaba from Euromoney Institutional Investor PLC ("Euromoney") on the terms set out in its announcement of 3 October 2018.

For further information please contact:

ITE	[phone]
Melissa McVeigh, Director of Communications
Numis Securities Limited	[phone]
Nick Westlake / Toby Adcock / Hugo Rubinstein
FTI Consulting	[phone]
Charles Palmer / Harry Staight

About ITE Group plc

ITE Group plc was founded in 1991 and is now one of the world's leading organisers of international exhibitions and conferences.

ITE Group's strategic vision is to create the world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers. In May 2017 the Group launched its Transformation & Growth (TAG) programme, which is designed to transform the Company from a geographic-led business to a product-led business that focuses on market-leading events, wherever they are in the world. ITE strives to run the best shows and offer the best service to its customers throughout the world regardless of location. By putting exhibitors and visitors at the heart of everything we do, we plan to drive sustainable growth for our shareholders.

ITE Group plc is a public limited company and has been listed on the main market of the London Stock Exchange since 1998.

Disclaimer:

This announcement contains forward-looking statements relating to the business, financial performance and results of ITE and the industry in which ITE operates. These statements may be identified by words such as "expect", "believe", "estimate", "plan", "target", or "forecast" and similar expressions, or by their context. These statements are made on the basis of current knowledge and assumptions and involve risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements and neither ITE nor any other person accepts any responsibility for the accuracy of the opinions expressed in this presentation or the underlying assumptions. No obligation is assumed to update any forward-looking statements.

Numis Securities Limited ("Numis"), which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting solely for ITE in relation to the Transaction and nobody else as a client in relation to the Transaction and will not be responsible to anyone other than ITE for providing the protections afforded to the clients of Numis or for providing advice in relation to the Transaction.

 

END

 

 

ACQEAFEDAFXPFFF