REG - Centaur Media PLC - Agreement for the sale of Marketing Week

Centaur MediaAnnouncement

Thu 07:00

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RNS Number : 7283A  Centaur Media PLC  25 September 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

 

25 September 2025

 

 

Centaur Media Plc

("Centaur" or "Group")

 

 

Agreement for the sale of Marketing Week and Creative Review

 

 

The Board announces that the Group has signed an unconditional sale and
purchase agreement with Haymarket Media Group Limited for the sale of MWCR
Limited, being the operating company of Marketing Week, Festival of Marketing
and Creative Review, for an enterprise value of £3.9 million (the
"Transaction").

Transaction Highlights:

 ·             The consideration for the Transaction of £3.9 million, will be received in
               cash later today

 ·             The Transaction follows the sale of MiniMBA by the Group which completed on 18
               July 2025 and the sale of The Lawyer announced on 11 September 2025. The
               disposals are a consequence of the announcement on 12 December 2024 stating
               that, led by Martin Rowland, Executive Chair, the Board were to review
               Centaur's business operations and strategy and to maximise shareholder value

 ·             Unlocks further shareholder value and provides cash to the Group for the
               benefit of all stakeholders. On receipt of the net proceeds from the
               Transaction, the Board intends to consult shareholders on the approach to
               return cash to shareholders

 ·             As at the close of business on 24 September 2025, the Group had net cash(1) of
               £24.4 million. Together with the proceeds from the Transaction and the
               proceeds from the disposal of The Lawyer expected to be received in early
               October, the pro forma net cash(1) balance of the Group will be c. £71m

 ·             The Board views Haymarket Media Group as a compelling strategic acquirer of,
               and suitable custodian for, the employees and customers of Marketing Week and
               Creative Review for the next phase of its growth journey

Martin Rowland, Executive Chair of Centaur, commented:

"Today's announcement represents further progress on our strategic review in
Centaur's pursuit to maximise shareholder value. The Transaction follows the
sale of MiniMBA which completed on 18 July 2025 and the expected completion of
the sale of The Lawyer in early October."

Use of proceeds

Following Completion, it is the Board's intention to use the net proceeds from
the Transaction to return capital to shareholders and will consult with
shareholders before deciding how the proceeds will be returned. The quantum,
timing and form of any such return of capital shall be at the discretion of
the Board. Further details will be announced in due course.

Outlook

The continuing Group following the Transaction will consist of 2 main
businesses: Econsultancy and The Influencer Group (comprised of the Influencer
Intelligence and Fashion & Beauty Monitor brands). The Group is well
advanced in the implementation of its plans to significantly downsize its
central and support functions and, with these businesses likely to be part of
the Group for the near future, Centaur's finance, HR and IT support functions
are being outsourced or restructured in response to the lower resource
requirements.

(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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