REG - Smiths News PLC - Contract Renewal - Associated Newspapers

Smiths NewsAnnouncement

19/10/2022 07:01

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RNS Number : 3036D  Smiths News PLC  19 October 2022

This announcement contains inside information

 

Smiths News PLC

("Smiths News")

 

Contract Renewal with Associated Newspapers Limited

 

Smiths News is pleased to announce that it has successfully secured a new
long-term contract with Associated Newspapers Limited, publisher of the 'Daily
Mail', 'The Mail on Sunday' and the 'i' newspaper.

The new agreement reached with Associated Newspapers represents the first of
the major newspaper publisher contract renewals and follows closely on from
this week's announcement of Smiths News having successfully secured new 5 year
magazine distribution agreements with each of Frontline and Seymour.

The new agreement with Associated Newspapers is for all of Smiths News'
current distribution territories in the UK through to 2029, representing
revenues of c.£155m p.a. at current market values.

Combined with Frontline and Seymour, this now means that Smiths News has
secured long-term contracts with 35% of its newspaper and magazine revenues.
The new contracts are an endorsement of the future of the printed newspaper
and magazine categories and confirm Smiths News' leading position in the
sector.

Jon Bunting, Chief Executive Officer, commented:

"I am delighted that we have agreed a new contract with Associated Newspapers,
building upon the recently announced Frontline and Seymour renewals.  We look
forward to working with Associated Newspapers to ensure the widespread access
and availability of their titles for readers and continuing to demonstrate the
pivotal role we play in the supply chain. Renewal of our publisher contracts
remains a strategic priority for the business, underpinning the long-term
sustainability of the business."

 

 

 Enquiries:
 Smiths News PLC                                                                 Via Buchanan

 Jonathan Bunting, Chief Executive Officer

 Paul Baker, Chief Financial Officer

 www.smithsnews.co.uk (http://www.smithsnews.co.uk)

 Buchanan                                                                        020 7466 5000

 Richard Oldworth / Jamie Hooper / Toto Berger

 smithsnews@buchanan.uk.com

 www.buchanan.uk.com (http://www.buchanan.uk.com)

 Person responsible for arranging release of this announcement:

 Stuart Marriner

 General Counsel & Company Secretary

 Smiths News plc

 Rowan House

 Cherry Orchard North

 Kembrey Park

 Swindon

 SN2 8UH

 email: cosec@smithsnews.co.uk

 

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