Disposal of Le Trombinoscope

RNS Number : 5513M

Merit Group PLC

12 January 2023

 

12 January 2023 

Merit Group plc

 ("Merit", the "Company" or "the Group")

Disposal of the trade and assets of Le Trombinoscope

Merit Group Plc (AIM:MRIT), the data and intelligence business, announces that it has today completed the disposal of the trade and assets of Le Trombinoscope, a French language directory service publication focused on the French political landscape. The business was the only media title excluded from the Group's recent disposal of its Media, Events and Training operations, in a transaction announced in October and which completed on 30 November 2022.

In the year to March 2022 Le Trombinoscope had revenue of £0.3m and made a small loss at an EBITDA level. At 31 March 2022 the division had net assets of £0.1m and the consideration on sale is £0.1m. The disposal is not expected to have a material impact on the financial performance of the Group.

David Beck, CEO of Merit Group plc commented;

"The disposal shows further progress in our simplification of the Group, allowing us to focus on our core business intelligence assets. Through our Dods Political Intelligence business, we continue to provide market leading analysis of political and policy developments in France alongside the UK, European Union and German markets."

For further information, please contact: 

Merit Group plc

David Beck - CEO  020 7593 5500

www.meritgroupplc.com

Canaccord Genuity Limited (Nomad and Broker)

Bobbie Hilliam  020 7523 8150

Harry Pardoe

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Group by David Beck, Chief Executive Officer.

 

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