REG - Merit Group PLC - Disposal of Le Trombinoscope

MeritAnnouncement

12/01/2023 10:45

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RNS Number : 5513M  Merit Group PLC  12 January 2023

12 January
2023

 

Merit Group plc

 

 ("Merit", the "Company" or "the Group")

 

Disposal of the trade and assets of Le Trombinoscope

 

Merit Group Plc (AIM:MRIT), the data and intelligence business, announces that
it has today completed the disposal of the trade and assets of Le
Trombinoscope, a French language directory service publication focused on the
French political landscape. The business was the only media title excluded
from the Group's recent disposal of its Media, Events and Training operations,
in a transaction announced in October and which completed on 30 November 2022.

 

In the year to March 2022 Le Trombinoscope had revenue of £0.3m and made a
small loss at an EBITDA level. At 31 March 2022 the division had net assets of
£0.1m and the consideration on sale is £0.1m. The disposal is not expected
to have a material impact on the financial performance of the Group.

 

David Beck, CEO of Merit Group plc commented;

 

"The disposal shows further progress in our simplification of the Group,
allowing us to focus on our core business intelligence assets. Through our
Dods Political Intelligence business, we continue to provide market leading
analysis of political and policy developments in France alongside the UK,
European Union and German markets."

 

 

 

For further information, please contact:

 

Merit Group plc

David Beck -
CEO
020 7593 5500

www.meritgroupplc.com (http://www.meritgroupplc.com)

 

 

Canaccord Genuity Limited (Nomad and Broker)

Bobbie
Hilliam
020 7523 8150

Harry Pardoe

 

 

For the purposes of MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055, this announcement is being made on behalf of the Group by
David Beck, Chief Executive Officer.

 

 

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