Smiths News PLC
('Smiths News' or "the Company")
SMITHS NEWS PLC CHANGES NAME TO CONNECT GROUP PLC
In line with its strategy to become a more broadly diversified specialist distribution business and as previously announced on 17 March 2014, Smiths News confirms it has today changed its name to Connect Group PLC.
Trading in the Company's shares on the Main Market of the London Stock Exchange under the new name of Connect Group PLC will take effect from 23 April 2014. The Company's stock exchange ticker will change to CNCT.
The Company's corporate website will change to www.connectgroupplc.com
Enquiries:
Connect Group PLC |
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Mark Cashmore, Group Chief Executive |
Tel: 01793 563641 |
Nick Gresham, Chief Financial Officer |
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Buchanan |
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Jeremy Garcia / Gabriella Clinkard |
Tel: 020 7466 5000 |
Connect Group PLC:
Connect Group PLC is a leading specialist distributor operating in large and diverse markets. The Group has three separate divisions, connecting suppliers to customers in an efficient, knowledgeable and service oriented way:
· Connect News & Media - Encompassing; Smiths News, the UK's largest news wholesaling business with an approximate 55% market share, distributing newspapers and magazines on behalf of all the major national publishers as well as a large number of regional publishers. Smiths News serves approximately 30,000 customers across England and Wales, supplying large general retailers as well as smaller independent newsagents, and; Dawson Media Direct, an international media direct business supplying newspapers, magazines and inflight entertainment technology and content to over 80 airlines in 50 Countries,
· Connect Books - Combining a number of recognised brands in print and digital bookselling, including Bertrams, Dawson Books and Wordery. A leading distributor of physical and digital books, the division serves over 8,200 customers in approximately 100 countries, with over 200,000 in stock titles and access to over a further 7 million consumer and 20 million academic titles,
· Connect Education & Care - A leading independent supplier of consumables through The Consortium and West Mercia Supplies with an approximate 5% market share. The division serves over 30,000 customers with an extensive range of over 40,000 products across a branded, own brand and value range, including stationery, arts and craft and cleaning.