Business
Completion of Acquisition
Completion of Acquisition.
About this update from Bloomsbury Publishing Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3035A\n Bloomsbury Publishing PLC\n 01 June 2021\n \n \n \n BLOOMSBURY PUBLISHING PLC\n (\"Bloomsbury\" or \"the Company\")\n Completion of acquisition of Red Globe Press\n 1 June 2021\n On 23 April 2021, Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, announced that it has signed a sale and purchase agreement for the acquisition of certain assets of Red Globe Press (\"RGP\"), the academic imprint, from Macmillan Education Limited, a part of Springer Nature Group.\n Bloomsbury today announces that pursuant to the terms of the sale and purchase agreement with Macmillan Education Limited, completion has taken place.\n The consideration was £3.7 million, of which £1.8 million has been satisfied in cash at completion and up to £1.9 million will be paid post-completion, subject to assignment of certain contracts.\n \n For further information, please contact:\n \n \n \n \n Bloomsbury Publishing Plc\n \n \n \n \n \n \n \n \n \n \n \n \n Nigel Newton, Chief Executive\n \n \n [email protected]\n \n \n \n \n Penny Scott-Bayfield, Group Finance Director\n \n \n [email protected]\n \n \n \n \n \n Hudson Sandler\n \n \n \n \n +44 (0) 20 7796 4133\n \n \n \n \n \n \n Dan de Belder / Rebekah Chapman\n \n \n \n [email protected]\n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the company's obligations under Article 17 of MAR\n . \n \n \n The information in this announcement has not been audited or otherwise independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of the Company or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this announcement, or its contents, or otherwise arising in connection with this announcement. \n \n \n This announcement does not constitute or form part of any offer or invitation to sell, or any...