REG - National World PLC - Acquisitions of Insider & Rotherham Advertiser

National WorldAnnouncement

02/05/2023 09:00

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RNS Number : 0581Y  National World PLC  02 May 2023

National World plc

 

("National World," or the "Company")

 

Acquisitions of Insider Media and Rotherham Advertiser

 

National World, (LSE:NWOR) is pleased to announce two acquisitions as part of
its strategy to create a fully digitised multi-platform premium content and
sales business which have been funded from its own cash resources, completed
on 28 April 2023.

 

Insider Media Limited, ("Insider Media") is the UK's leading regional B2B
media company, with a loyal following of its business information data, online
newsletters and business-orientated magazines and digital content. It
organises over 90 market-leading regional events and breakfast seminars across
the UK relevant to the interests of its customers. The acquisition deepens the
diversity of National World's news model and will grow its events business. In
the post-acquisition period ending 31 December 2023, it expects to achieve
revenues of £5.6 million and £1.0 million EBITDA before exceptional costs.

 

The Rotherham Advertiser acquisition complements National World's reach across
the South Yorkshire, Derbyshire and North Nottinghamshire markets.

 

The five acquisitions completed by the Group since December 2022,
including Insider and Rotherham Advertiser, will more than compensate for the
recent downturn in advertising sales that has impacted the whole sector.

 

Since the year-end, National World has made the final deferred instalment of
£2.5 million in respect of the purchase of JPIMedia Group acquired in 2021
and following the two acquisitions announced today its cash balances remain
in excess of £20 million.

 

Commenting on the acquisitions, National World's Chairman, David Montgomery,
said:

"Over the last 12 months we have made a number of targeted investments and
acquisitions designed to accelerate our progress, increase our capabilities
and grow the audience for our high-quality content.

 

"National World offers a unique combination of digital news, specialist
content and targeted audience engagement, helping it build deeper
relationships with its readers and users. Today's acquisitions are in line
with that strategy as we reposition the business towards our new operating
model."

 

- Ends -

 

Enquiries:

 

 National World plc

 David Montgomery

 c/o Montfort Communications

 Dowgate Capital Limited       +44 (0)20 3903 7715

 David Poutney

 James Serjeant

 Montfort Communications

 Nick Miles                    +44 (0)77 3970 1634

 Olly Scott                    +44 (0)78 1234 5205

 

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