Rank Group PLC
30 June 2006
For Immediate Release
30 June 2006
The Rank Group Plc
Disposals of Deluxe Media Services' UK DVD replication and UK distribution
businesses
The Rank Group Plc ('Rank') announces that Deluxe Media Services has today
completed the sale of its UK DVD replication business and its UK distribution
business ('the Businesses') to a subsidiary of Sony DADC ('Sony') for a cash
consideration of £5.9 million.
As part of the transaction, Sony has acquired the assets of the Businesses and
assumed certain liabilities. The cash consideration received by Rank is subject
to certain post-closing adjustments for working capital and other items.
The DVD replication and distribution businesses that Sony has acquired from
Deluxe Media are, respectively, located in Southwater, West Sussex and Enfield,
London. The disposals announced today are in line with Rank's previously
announced intention to exit Deluxe Media Services through the separate disposals
of individual businesses or assets.
Rank is currently in discussions with a number of third parties for the disposal
of the remaining assets of Deluxe Media Services and will make any further
announcements required in due course.
Deluxe Media Services is an international manufacturer and distributor of
optical media on behalf of content owners in the video, music, games, software
and information industries. In the year to 31 December 2005, Deluxe Media
Services reported revenue of £267.1m and an operating loss before exceptional
items of £16.4m.
Sony DADC is a solution and technology provider for the entertainment, education
and information industries and provides world-class optical media replication
services and supply chain solutions, as well as software services.
- ends -
Enquiries:
The Rank Group Plc Tel: 020 7535 8031
Dan Waugh, Director of Investor Relations
This information is provided by RNS
The company news service from the London Stock Exchange
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