Monkleigh Adds City Corporate Events Business
November 29 2004 - 1:00AM
UK Regulatory
Under embargo until 0700 29 November 2004
Monkleigh plc Adds City Corporate Events Business
Monkleigh plc, the AIM-listed company formed to buy and develop events management, corporate
hospitality and related businesses, announces that John Saunders has joined with immediate effect.
This is its second deal since its float in July, and the company continues to look at further
opportunities.
John Saunders' brand First Corporate Events is a niche corporate event management business with a
strong city-based client list. This includes Deutsche Bank, Citigroup and HSBC whilst also
working with large media companies Granada and ITV. The company specialises in organising
conferences, corporate hospitality (including ski weekends), seminars and roadshows amongst other
activities.
John Saunders has a wealth of events and hospitality experience, and years of expertise arranging
highly successful national and international events. Among the most recent are senior management
roadshows for telecoms operator '3' and the official hospitality for the Oxford/Cambridge Boat
Race.
This is the second transaction made by Monkleigh plc since coming to market in July this year. In
October, Monkleigh employed the key personnel of Pro Motions Event Management, event design and
production specialists who have worked with Mercedes Benz, BMW & BAe Systems among a number of
blue chip names and are driving this section of the business forward. The events marketing sector
is a fragmented area and the addition of First Corporate Event underlines the company's strategy
of investing in businesses to form an integrated event marketing service group.
John Saunders, Managing Director of First Corporate Events, commented:
"I am extremely excited to become part of Monkleigh plc which will offer additional resource and
infrastructure as well as access to a greater client base. The centralised structure will provide
us with greater flexibility and a more client facing approach leading to improved margins."
Ric Yerbury, Chief Executive of Monkleigh, commented:
"The Board is delighted to welcome John Saunders who has a wealth of experience in the corporate
event market. His contacts and knowledge of the industry will be of enormous benefit to Monkleigh
as we offer a wider product range and look to grow the business. This transaction is in line with
our strategy that we outlined in July and we continue to identify a number of opportunities which
we hope to announce in due course."
Contact:
Monkleigh plc 07968 063023
Ric Yerbury, CEO
Threadneedle Communications 020 7531 2620
Graham Herring/Alex White 07717 508 840
Notes to Editors:
Monkleigh plc (MNK) is an AIM-listed company that buys, invests in and develops events management,
corporate hospitality and related niche supplier businesses to form an integrated event marketing
service group. Monkleigh was admitted to AIM on 8 July 2004 and made its first acquisition of Pro
Motions Event Management on 4 October 2004.
The Company's strategy is to create, through a combination of acquisitions and organic growth, a
fully integrated national event marketing services company with a strong brand. The Company
intends to focus on the management of added value events, principally to the corporate sector,
where it is anticipated that the application of, for example, innovative design & production,
entertainment, and measurement and assessment services will increase margins.
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