31 July 2014
Norman Broadbent plc
("Norman Broadbent" or "the Group" or "the Company")
Completion of Brand Consolidation
Further to the announcement of the Company's final results on 28 May 2014, the
Company announces that the sale of its 20 per cent. holding in Norman Broadbent
Spain completed as anticipated on 30 July 2014. This coincided with the
termination of the licence agreement to use the brand Norman Broadbent. All
funds have been received.
The Company has now regained global control of all the Norman Broadbent
intellectual property following the termination of inherited licences in
Canada, Italy, all North African countries, all Middle Eastern countries and
now Spain (which also operates in Colombia).
The Company is now able to review the strategic value opportunities of brand
Norman Broadbent which the licence terminations have opened up.
Interim results for the six months ended 30 June 2014 are due to be released in
September 2014.
For further information please contact:
Norman Broadbent plc
Pierce Casey/Sue O'Brien/James Webber 020 7484 0000
Sanlam Securities UK Limited
Simon Clements/Virginia Bull 020 7628 2200
Notes to Editors
Norman Broadbent plc is a leading provider of senior and board executive search
and leadership consultancy and assessment services. Through AGP (previously
Arcus Global Partners) the Group also provides specialist contingent offerings,
including RPO and interim solutions. Connecting Corporates through Social Media
Search provides digital research to assist in house recruitment and via Winning
Work assists professional service firms to drive sales by bespoke exploitation
of social media. Headquartered in London, the Group also has offices in Los
Angeles with a representative office in Singapore.
For further information visit www.normanbroadbent.com