REG - Centaur Media PLC - Sale of The Lawyer

Centaur MediaAnnouncement

08/10/2025 14:00

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RNS Number : 6061C  Centaur Media PLC  08 October 2025

Centaur Media plc

Incorporated in England and Wales

Registration number: 04948078

LEI: 2138005WK87G7DQRQI62

ISIN: GB0034291418

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, IN
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS
OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

 

8 October 2025

 

Centaur Media Plc

("Centaur" or the "Group")

 

Sale of The Lawyer

 

The Board of Centaur is pleased to confirm that, further to the announcement
on 11 September 2025 (the "Disposal Announcement"), Centaur has completed the
sale of Thelawyer.com Limited, comprising the trade and assets of The Lawyer
to Lighthouse Bidco Limited, the parent company of Legal Benchmarking Limited,
for an enterprise value of £43 million (the "Transaction"). For the purposes
of UKLR 7.3.3, the Company confirms that there has been no material change
affecting any matter contained in the Disposal Announcement.

As at the time of this announcement, following receipt of the disposal funds
from the Transaction, the Group had net cash(1) of £69.8m.

Use of Proceeds

It is the Board's intention to use the proceeds from the Transaction, and
previously announced disposals, to return capital to shareholders and will
consult shareholders on the approach to this before the end of the financial
year. The quantum, timing and form of any such return of capital shall be at
the discretion of the Board and further details will be announced in due
course.

(1) Net cash is the total of cash and cash equivalents and short-term
deposits.

Enquiries

Centaur Media plc

Martin Rowland, Executive
Chair
 
                020 7970 4000

Simon Longfield, Chief Financial Officer

 

Singer Capital Markets - Broker

Phil Davies
 
                                    020 7496 3000

James Fischer

 

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