Wilmington Group Plc
24 December 2003
Immediate Release 24 December 2003
WILMINGTON GROUP plc
Acquisition of real-time health news information company Agence de Presse
Medicale International SAS
The Board of Wilmington Group plc ('Wilmington') is pleased to announce that
Wilmington Business Information Limited, a wholly owned subsidiary, has today
acquired the issued share capital of Agence de Presse Medicale International SAS
('APM') from the Reuters Group.
The consideration for the acquisition was approximately £5.27 million and was
satisfied in cash on completion.
APM and its wholly owned subsidiary APM Media SARL (together 'APM Group') are
based in Paris and provide a real-time health news information service in the
French language for a subscriber base of hospital managers, general
practitioners, pharmaceutical companies and government and public bodies.
The profits after tax* of APM Group for the 11 month period to 30 November 2003
were €917,000 (approximately £669,000) and the net assets* of APM Group as at 30
November 2003 were €626,000 (approximately £457,000).
The acquisition of APM will enable Wilmington to develop further its publishing
and information interests for the healthcare and pharmaceutical markets.
Wilmington already has substantial and growing interests in these markets
through its Binley's branded products and publication of relevant magazine
titles. It is anticipated that APM will contribute positively as a member of the
Wilmington Group.
* Based on unaudited management accounts.
Commenting on the acquisition of APM, Charles Brady, Chief Executive of
Wilmington, said:
'APM is an excellent fit with our existing assets in our Business Information
division. We remain focussed on specific sectors and, with the acquisition of
APM, we have broadened our product and international reach within the dynamic
healthcare and pharmaceutical markets'.
For further information, please call:
Charles Brady
Chief Executive, Wilmington Tel: 020 7422 6800
Basil Brookes
Finance Director, Wilmington Tel: 020 7422 6800
Bobby Morse Mob: 07802 875 227
Suzanne Brocks Mob: 07776 234 600
Buchanan Communications Tel: 020 7466 5000
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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