Liberum appointed as Joint Broker

RNS Number : 9291N

Smiths News PLC

09 September 2011

 



Smiths News PLC

("Smiths News" or the "Company")

Liberum appointed as Joint Broker

Smiths News PLC (LSE: NWS) are pleased to announce that it has appointed Liberum Capital Limited to act as its joint broker with immediate effect.  JPMorgan Cazenove will continue to act as joint broker alongside Liberum Capital.

For further information, please contact:

Smiths News Nick Gresham, Chief Financial Officer	[phone]
Liberum Capital Chris Bowman Richard Bootle	[phone]
Buchanan Jeremy Garcia	[phone]

About the Company

Smiths News PLC comprises Smiths News, the UK's leading wholesaler of newspapers and magazines, and Bertrams, a leading UK book wholesaler. The Company was formed on 1 September 2006 following the demerger of WH Smith PLC.

Smiths News distributes newspapers and magazines on behalf of all the major national publishers as well as a large number of regional publishers. The business serves approximately 30,000 customers across England and Wales, supplying large general retailers as well as smaller independent newsagents. Smiths News has an approximate 55% share of the newspaper and magazine wholesaling market in the UK. In addition to its distribution activities, Smiths News collects and processes returns, supplies sales information to publishers and provides a range of services for its retail customers.

Bertrams, which was acquired on 20 March 2009, supplies books to a mix of independent booksellers, on-line and multiple retailers, and libraries. Bertrams has an approximate 45% share of the wholesale book market.

The Group operates from 54 distribution centres across England and Wales, and employs over 5,000 staff. For complete details on Smiths News: http://www.smithsnews.co.uk 

 

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