REG - Smiths News PLC - Contract Renewals - Frontline & Seymour

Smiths NewsAnnouncement

17/10/2022 07:00

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RNS Number : 0193D  Smiths News PLC  17 October 2022

This announcement contains inside information

 

Smiths News PLC

("Smiths News")

 

Contract Renewals with Frontline Limited and Seymour Distribution Ltd

 

Smiths News is pleased to announce that it has successfully secured two key
long-term contracts, representing the first of the next publisher and
distributor contract round renewals for 2025 onwards.

The new agreements reached with Frontline (the UK's largest magazine
distributor) and Seymour (part of the Frontline Group and the UK's largest
independent magazine distributor) secure all of Smiths News' current
distribution territories in the UK from 2025 through to 2030 with Frontline
and Seymour, representing revenues of c.£180m p.a. at current market values.
 Combined,  the Frontline and Seymour portfolios account for over 50% of the
UK magazine market and include titles such as 'Radio Times', 'Take A Break'
and 'TV Choice'.

The new contracts are an endorsement of the future of the printed magazine
category and confirm Smiths News' leading position as the UK's foremost route
to market for publishers. The contracts provide a foundation to continue other
publisher contract discussions, which are underway.

Jon Bunting, Chief Executive Officer, commented:

"We are delighted to confirm this new agreement with both Frontline and
Seymour.  Long term partnerships with publishers and distributors are central
to our business model and allow us to continue to drive efficiencies and
deliver great service for publishers, retailers, and ultimately for millions
of consumers across the UK."

 

 

Enquiries:

Smiths News PLC
 
Via Buchanan

Jonathan Bunting, Chief Executive Officer

Paul Baker, Chief Financial Officer

www.smithsnews.co.uk

 

Buchanan

Richard Oldworth / Jamie Hooper / Toto Berger
               020 7466 5000

smithsnews@buchanan.uk.com

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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