Wilmington Group Plc
13 September 2005
13 September 2005
Wilmington Group plc
Disposal of Drinks Publishing Assets
The board of Wilmington Group plc ('Wilmington'), the professional information
and training group, is pleased to announce that Wilmington has completed the
sale of its Drinks publishing division (the 'Drinks Division') to William Reed
Publishing Limited ('WRP') for a total cash consideration of £2.2 million.
The Drinks Division comprises of Wilmington's businesses and assets in the
drinks and travel retail markets and includes the magazine titles 'Wine' and
'Drinks International' as well as the 'International Wine Challenge', the
world's largest blind wine tasting event.
Wilmington chief executive, Charles Brady, commented:
'The sale is in line with Wilmington's strategy of concentrating on its core
markets. The board of Wilmington believes that the disposal will allow us to
concentrate on our retained markets with more energy and focus whilst providing
an excellent opportunity for the Drinks assets to be further developed by WRP
with their specialist market position.'
For further information, please contact:
Wilmington Group plc 020 7422 6800
Charles Brady, Chief Executive
Basil Brookes, Finance Director
Note to Editors
Wilmington Group plc is one of the UK's leading providers of information and
training for professional business markets. Wilmington provides training,
arranges industry events and publishes magazines, directories, databases, and
special reports focused primarily on its principal sectors of Legal &
Regulatory, Healthcare, Media and Entertainment and Design and Construction.
Capitalised at approximately £130 million, Wilmington floated on the London
Stock Exchange in 1995.
This information is provided by RNS
The company news service from the London Stock Exchange