Response to OFT announcement

RNS Number : 5938Z

Smiths News PLC

24 September 2009

 



Smiths News PLC

Response to OFT announcement

Smiths News notes today's decision by the Office of Fair Trading ('OFT') not to refer the newspaper and magazine distribution sector to the Competition Commission.

The Company fully supports today's announcement, finally drawing a line under what has been a transparent and thoroughly rigorous process.

Mark Cashmore, Chief Executive of Smiths News commented:

'We have fully cooperated with the OFT throughout this review and are pleased that today's announcement brings additional clarity to our industry.

Our core business priorities remain unchanged following this decision, as we strive for operational excellence, providing an industry leading supply chain platform to retailers and publishers alike.'

Enquiries:

Smiths News PLC

Mark Cashmore, Chief Executive                                                                  Tel: [phone]
Alan Humphrey, Finance Director

Buchanan Communications
Mark Edwards / Jeremy Garcia                                                                      Tel: [phone]

 

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