ITV acquires The Garden

RNS Number : 8762C

ITV PLC

22 April 2013

 

22 April 2013

ITV acquires The Garden

ITV plc has agreed to acquire 100% of the multi-award winning independent producer, The Garden, the company behind 24 Hours in A&E and Inside Claridge's.

ITV will pay an upfront cash consideration of £18m with a further capped cash payment contingent on The Garden's future performance.  The additional consideration is only payable on the delivery of significant profit growth over the next five years.  In 2012 The Garden made an operating profit of £2.5m. 

ENDS

For further enquiries please contact:

Investor Relations:    Pippa Foulds  [phone] or [phone] 

Media Relations:        Mary Fagan    [phone] or [phone]

Mike Large      [phone] or [phone]

 

END

 

 

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