REG - Gear4music - Asset Purchase & Notice of Results

Gear4music (HOLDINGS)Announcement

Thu 07:00

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RNS Number : 4788M  Gear4music (Holdings) PLC  12 June 2025

12 June 2025

Gear4music (Holdings) plc

Asset Purchase from Competitor in Administration and Notice of Results

Gear4music (Holdings) plc ("Gear4music" or "the Group") (LSE: G4M), the UK's
largest retailer of musical instruments and music equipment, today announces
that it has purchased stock with an estimated cost value of up to £2.4
million, together with certain intangible assets including websites,
trademarks, and commercial data, for a total consideration of up to £1.2
million.

These assets are being purchased from the Administrators of Jamm Co 2019 Ltd
and its subsidiaries, including S&T Audio Limited trading as 'PMT Play
Music Today' (an omni-channel musical instruments retailer based in the UK).
S&T Audio Limited was the UK's fourth largest retailer of musical
instruments and music equipment*, with a reported turnover of £43.0 million
in its financial statements for the year ended 30 April 2024. For clarity,
Gear4music is not acquiring any part of PMT's trading business, nor any other
assets or liabilities, and has no current plans to use the PMT trading name.

Notice of Results

The Group will announce its Final Results for the year ended 31 March 2025,
including an update on current trading, on 24 June 2025.

*According to Music Trades

ENDS

Enquiries:

 

 Gear4music                                                  +44 (0)20 3405 0205

 Andrew Wass, Executive Chair

 Gareth Bevan, Chief Executive Officer

 Chris Scott, Chief Financial Officer

 Singer Capital Markets - Nominated Adviser and Sole Broker  +44 (0)20 7496 3000

 Peter Steel/Sam Butcher, Corporate Finance

 Tom Salvesen, Corporate Broking

 Alma Strategic Communications - Financial PR                +44 (0)20 3405 0205

 Rebecca Sanders-Hewett                                      Gear4music@almastrategic.com

 Joe Pederzolli

 Sarah Peters

 

About Gear4music (Holdings) plc

Operating from a Head Office in York, Distribution Centres in York, Bacup,
Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden
& Germany, the Group sells own-brand musical instruments and music
equipment alongside premium third-party brands including Fender, Yamaha and
Roland, to customers ranging from beginners to musical enthusiasts and
professionals, in the UK, Europe and the Rest of the World.

 

Having developed its own e-commerce platform, with multilingual, multicurrency
websites delivering to over 190 countries, the Group continues to build its
overseas presence.

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