Response to recent speculation

RNS Number : 3675V

National World PLC

02 December 2019

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLYOR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO  SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

National World plc

("National World," or the "Company")

Response to recent speculation

The Company listed on the Main Market to create a modern platform for news publishing by implementing a new operating model using the latest technology. Its strategy will involve consolidation and change by combining digital technology innovation and traditional print assets to grow revenues by aggregation of audiences and reduce costs via shared services.

The Company confirms it is contemplating several acquisitions and has approached JPI following speculation that the sale process for the regional titles had not completed. There is no certainty that any transaction will proceed. A further announcement will be made as appropriate in due course.

Consequently, the Company has requested a suspension of listing of its ordinary shares pending either the publication of a prospectus prepared in accordance with the prospectus regulation rules of the UK Financial Conduct Authority made under section 73A of FSMA and approved by the FCA, as competent authority under Regulation (EU) 2017/1129 under section 87A of FSMA, or the announcement of the termination of discussions.

This announcement contains inside information for the purposes of the Market Abuse Regulation (EU) NO. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of National World is Vijay Vaghela, Chief Operating Officer.

- Ends -

For further information please contact:

National World plc David Montgomery Vijay Vaghela	[phone]
Dowgate Capital Limited - Financial Advisers and Brokers James Serjeant	[phone]
Alvarium MB (UK) Limited - Financial Advisers Zeph Sequeria	[phone]
Stanhope Capital LLP - Financial Advisers Nigel Spray Rakesh Sharma Emmanuel Daïen	[phone]
Montfort Communications - Financial PR & IR Nick Miles Olly Scott	[phone]

 

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