TLA Worldwide PLC Appointment of Financial Adviser (6324B)
September 24 2018 - 1:01AM
UK Regulatory
TIDMTLA
RNS Number : 6324B
TLA Worldwide PLC
24 September 2018
24 September 2018
TLA Worldwide plc
("TLA" or "the Company")
Appointment of Financial Adviser
TLA Worldwide plc (AIM: TLA), a leading athlete representation
and sports marketing business, announces that it has appointed FTI
Capital Advisors ("FTI") as financial adviser to the Company.
Following the Company's previous announcement, the strategic
review, led by the Company's Executive Chairman Ian Gray, is well
underway and various options are being considered including a sale
of the US business (comprising both the baseball and US sports
marketing businesses). FTI will assist the Company in the sales
process for the US business.
The Company also announces that it has received a number of
preliminary approaches regarding a possible acquisition of its US
business.
Executive Chairman, Ian Gray, said, "Good progress has been made
in the early stages of the strategic review and we are looking at
various options in order to maximise shareholder value. These
include a potential sale of the US business which is at an early
stage. TLA has a robust US business with a high-quality roster of
bright, young stars and their successes both on and off the field,
coupled with a number of the best and brightest professionals in
the US sports industry, position the business well for the
future."
A further announcement will be made as appropriate.
This announcement contains inside information for the purpose of
Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Enquiries:
TLA Worldwide
Ian Gray, Executive Chairman +44 20 7618 9100
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Numis Securities
Nick Westlake and Oliver Hardy (Nomad) +44 20 7260 1000
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Christopher Wilkinson (Broker)
-----------------
Luther Pendragon
Harry Chathli, Alexis Gore +44 20 7618 9100
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FTI Capital Advisors
-----------------
Glenn Tobias, Chief Executive Officer +1 646 453 1217
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END
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