TIDMFUTR
RNS Number : 8107Z
Future PLC
05 September 2018
5 September 2018
Future plc
Completion of acquisition of the B2C business of Purch
Future plc, the global platform for specialist media, announces
that the acquisition of the B2C business of Purch Inc. is now
complete.
Zillah Byng-Thorne, Future plc's Chief Executive said:
"This acquisition substantially strengthens Future's presence in
the US market, boosting our scale and momentum while further
diversifying our revenue streams. Purch B2C's leading brands also
give us market leadership in the highly attractive consumer
technology market.
"In addition, its data driven content model is highly
complementary to our existing capabilities and will accelerate our
progress as we continue to build our global platform for specialist
media."
Enquiries:
Future plc via Instinctif
Partners
Zillah Byng-Thorne, Chief Executive Officer
Dom Del Mar, Investor Relations
Numis Securities Limited (Financial Adviser,
Joint Bookrunner
and Joint Broker to Future) 020 7260 1000
Nick Westlake, Mark Lander, Hugo Rubinstein,
Toby Adcock
Nplus1 Singer Capital Markets Limited (Joint
Bookrunner
and Joint Broker to Future) 020 7496 3000
Mark Taylor, James White
Instinctif Partners 020 7427 1412
Kay Larsen, Hannah Campbell
Directors' shareholdings following completion of the Rights
Issue and Acquisition
Following completion of the Rights Issue and Acquisition, the
holdings of each of the Directors in the Ordinary Shares of the
Company following their acquisition of New Ordinary Shares pursuant
to the Rights Issue (and aggregated with those of their closely
associated persons) are detailed in the following table:
Director/PDMR No. of Ordinary New Ordinary No. of Ordinary
Shares pre-Rights Shares taken Shares post-Rights
Issue up Issue
Richard Huntingford(1) Nil 10,500 24,500
------------------- -------------- --------------------
Zillah Byng-Thorne(2,3) 142,559 131,811 274,370
------------------- -------------- --------------------
Penny Ladkin-Brand(4) 70,295 52,720 123,015
------------------- -------------- --------------------
Alan Newman(5) Nil 3,750 8,750
------------------- -------------- --------------------
James Hanbury(6) 45,436 23,502 68,938
------------------- -------------- --------------------
(1) Richard Huntingford purchased 14,000 shares on 18 July 2018
following the launch of the Rights Issue. Further details are
contained in the announcement published by the Company on 20 July
2018
(2) Zillah Byng-Thorne elected to take up 83.5% of her rights,
and sold a total of 17,607 nil paid rights. Further details are
contained in the announcements published by the Company on 8 August
and 17 August 2018
(3) Max Thorne, a person closely associated with Zillah
Byng-Thorne, held nil Ordinary Shares prior to the Rights Issue,
acquired 42,500 nil paid rights and now holds 42,500 Ordinary
Shares. Further details are contained in the announcement published
by the Company on 17 August 2018
(4) Mark Brand, a person closely associated with Penny
Ladkin-Brand, held 7,955 Ordinary Shares prior to the Rights Issue
and now holds 13,921 Ordinary Shares
(5) Alan Newman purchased 5,000 shares on 20 July 2018 following
the launch of the Rights Issue. Further details are contained in
the announcement published by the Company on 23 July 2018
(6) The announcement of 23 August erroneously set out that James
Hanbury had acquired 34,077 Ordinary Shares pursuant to the Rights
Issue and this has been corrected in the table above
An amended notification below , made pursuant to Article 19(3)
of the Market Abuse Regulation, provides further details of James
Hanbury's shareholding:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Hanbury
-------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Non-executive director
-------------------------- -----------------------------------------------
b) Initial notification Amendment
/Amendment
-------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Future plc
-------------------------- -----------------------------------------------
b) LEI 213800K2581YRLEXV353
-------------------------- -----------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------------
a) Description of the financial
instrument, type of instrument Ordinary shares of 15p each
Identification code GB00BYZN9041
----------------------------------- --------------------------------------
b) Nature of the transaction Acquisition of ordinary shares pursuant
to the take up of nil paid rights following
completion of the Rights Issue
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP3.03 per
share 23,502
-------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume 23,502 ordinary shares
- Price GBP71,211.06
-------------------------- -----------------------------------------------
e) Date of the transaction 21/08/2018
-------------------------- -----------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------- -----------------------------------------------
About Future:
The Media division focuses on being at the forefront of digital
innovation with three complementary revenue streams: e-commerce,
events and digital advertising. It operates in a number of sectors
including the high growth technology and games markets and has a
number of leading brands including Techradar, Tom's Guide, Tom's
Hardware, Space.com, PC Gamer, GamesRadar+, The Photography Show,
Generate and Golden Joysticks.
The Magazine division focuses on publishing specialist content,
with 86 publications and over 440 bookazines published per year,
and a total global circulation of over one million. The Magazine
portfolio spans technology, games and entertainment, music,
creative and photography, hobbies (which includes knowledge,
outdoor leisure and field sports) and home interest. Its titles
include Classic Rock, Total Film, How It Works, Digital Camera,
Homebuilding & Renovating and All About History. It holds
market leading positions in the UK in creative and photography,
music, games and home renovation.
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 or visit www.rns.com.
END
MSCGUGDCBSGBGIU
(END) Dow Jones Newswires
September 05, 2018 02:01 ET (06:01 GMT)
Future (LSE:FUTR)
Historical Stock Chart
From Jan 2025 to Feb 2025
Future (LSE:FUTR)
Historical Stock Chart
From Feb 2024 to Feb 2025
