REG - Smiths News PLC - Contract Renewal – News UK

Smiths NewsAnnouncement

12/04/2023 07:00

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RNS Number : 8770V  Smiths News PLC  12 April 2023

This announcement contains inside information

 

Smiths News PLC

("Smiths News")

 

Contract Renewal with News UK

 

Smiths News is pleased to announce that it has successfully secured a new five
year contract with News UK & Ireland Limited, publisher of 'The Sun', 'The
Times' and 'The Sunday Times'.

The new agreement with News UK is for all of Smiths News' current distribution
territories in the UK through to 2029, representing 19% of current newspaper
and magazine revenues.

The agreement with News UK is the fifth major publisher contract renewal
secured by Smiths News, following new five year agreements reached with each
of Associated Newspapers, Telegraph Media Group, Frontline and Seymour
Distribution. Together with this contract, Smiths News has now secured
long-term contracts with 65% of its current newspaper and magazine revenues.

Jon Bunting, Chief Executive Officer, commented:

"I am very pleased that we have secured this new contract with News UK and
look forward to working with them on future supply chain opportunities. We
have now secured almost two thirds of our revenues through to 2029. This
provides a great platform to develop and invest in, ensuring a simplified and
sustainable long term supply chain for our publishers and customers."

 

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

 Richard Oldworth / Jamie Hooper / Toto Berger                     020 7466 5000

 smithsnews (mailto:smithsnews@buchanan.uk.com) @buchanan.uk.com

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

 

About Smiths News PLC

 

Smiths News PLC and its core business, Smiths News, is the UK's largest
newspaper and magazine wholesaler, with an approximate 55 per cent. market
share. It distributes newspapers and magazines on behalf of the major national
and regional publishers, delivering to approximately 24,000 customers across
England and Wales on a daily basis. The speed of turnaround and the density of
Smiths News' coverage is critical to one of the world's fastest physical
supply chains.

 

Ancillary businesses include: Dawson Media Direct (DMD) which supplies
airlines and travel points in the UK; and Instore, which offers field
marketing services to retailers and suppliers across the UK.

 

 

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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