REG - Smiths News PLC - Contract Renewal with Marketforce

Smiths NewsAnnouncement

17/11/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231117:nRSQ7564Ta&default-theme=true

RNS Number : 7564T  Smiths News PLC  17 November 2023

This announcement contains inside information

 

Smiths News PLC

("Smiths News")

 

Contract Renewal with Marketforce

 

Smiths News is pleased to announce that it has successfully secured a new five
year contract with the magazine distributor Marketforce (UK) Limited.

The new agreement secures all of Smiths News' current distribution territories
in the UK with Marketforce through to 2029, representing 31% of our magazine
revenues and 9% of our total newspaper and magazine revenues.

Marketforce is part of Future plc and as well as distributing Future's titles,
Marketforce also represents a broad portfolio of independent publishers.

Together with other recently announced contract awards, Smiths News has now
renewed agreements representing 74% of its current newspaper and magazine
revenues.

Jon Bunting, Chief Executive Officer, commented:

"Following previous contract wins, we are delighted to confirm this new
agreement with Marketforce, a position that further cements our critical role
in the wholesale distribution of news and magazines and which allows us to
continue to invest in the long-term sustainability and simplification of the
supply chain. Having now secured all of our major magazine contracts we remain
confident that we will reach similar agreements with the remaining newspaper
contracts."

 

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

 (mailto:smithsnews@buchanan.uk.com) smithsnews@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 approximately 55 per cent. market
share. It distributes newspapers and magazines on behalf of the major national
and regional publishers, delivering to approximately 23,000 retail outlets
across England and Wales. 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: Smiths News Recycle, which collects plastic and
cardboard waste from Smiths News' customers for recycling; Dawson Media Direct
(DMD) which supplies airlines and travel points with news and media; 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTGPGMGGUPWGBQ