National World PLC Response to media speculation (9339I)
August 10 2023 - 4:00AM
UK Regulatory
TIDMNWOR
RNS Number : 9339I
National World PLC
10 August 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF
SUCH JURISDICTION.
National World plc
("National World" or the "Company")
Response to media speculation
National World notes media speculation that it is a possible
participant in the sale process surrounding Telegraph Media Group
and its associated titles.
As the Company has previously announced, its growth strategy is
rooted in actively exploring opportunities to build its business
through acquisitions and implementing its new operating model for
owned assets.
The Board continues to evaluate accretive opportunities to grow
the business and will consider participating in a sale process for
Telegraph Media Group as and when such a process formally
commences. There can be no certainty that an acquisition will take
place nor as to the terms of such an acquisition.
The Company will provide further updates as and when
appropriate.
- Ends -
For more information
National World plc c/o Montfort Communications
David Montgomery
Montfort Communications
Nick Miles +44 (0)77 3970 1634
Olly Scott +44 (0)78 1234 5205
About National World
National World plc is one of the largest national, regional and
local multimedia organisations in the UK. National World provides
news and information services to our communities through its
portfolio of hundreds of publications and websites. Its titles span
the UK, Scotland, North-East, West Yorkshire, North West, South
Yorkshire, South, Midlands and Northern Ireland, delivering trusted
coverage of news, sport, events and information.
Important notices
This announcement is not intended to and does not constitute an
offer to buy or the solicitation of an offer to subscribe for or
sell or an invitation to purchase or subscribe for any securities
or the solicitation of any vote in any jurisdiction. The release,
publication or distribution of this announcement in whole or in
part, directly or indirectly, in, into or from certain
jurisdictions may be restricted by law or regulation and therefore
persons in such jurisdictions should inform themselves about and
observe such restrictions.
Forward looking statements
This announcement (including information incorporated by
reference in this announcement), oral statements made regarding the
any possible transaction, and other information published by
National World may contain statements which are, or may be deemed
to be, "forward-looking statements". Forward-looking statements are
prospective in nature and are not based on historical facts, but
rather on current expectations and projections of the management of
National World about future events, and are therefore subject to
risks and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. Often, but not always, forward looking
statements can be identified by the use of forward-looking words
such as "plans", "expects" or "does not expect", "is expected", "is
subject to", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. Although National
World believes that the expectations reflected in such
forward-looking statements are reasonable, National World can give
no assurance that such expectations will prove to be correct. By
their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on
circumstances that will occur in the future. There are a number of
factors that could cause actual results and developments to differ
materially from those expressed or implied by such forward-looking
statements. Such forward-looking statements should therefore be
construed in the light of such factors. Neither National World nor
any of its shareholders, associates or directors, officers or
advisers, provides any representation, assurance or guarantee that
the occurrence of the events expressed or implied in any
forward-looking statements in this announcement will actually
occur. You are cautioned not to place undue reliance on these
forward-looking statements. Other than in accordance with their
legal or regulatory obligations, National World is under no
obligation, and National World expressly disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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END
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