Centaur Media PLC Appointment of Chairman and Trading Update (0208Z)
December 12 2017 - 2:00AM
UK Regulatory
TIDMCAU
RNS Number : 0208Z
Centaur Media PLC
12 December 2017
Centaur Media plc
Incorporated in England and Wales
Registration number: 04948078
LEI: 2138005WK87G7DQRQI62
ISIN: GB0034291418
12 December 2017
Centaur Media plc
("Centaur" or the "Group")
Appointment of Chairman and update on trading
Centaur Media Plc (LES: CAU), the business to business
information, insight and events group, is pleased to announce the
appointment of Neil Johnson as Chairman and provide an update on
business performance.
Appointment of Chairman
Neil has extensive experience in chairing boards for a range of
businesses. He is currently chairman of Synthomer plc, Motabilty
Operations Group, Electra Private Equity plc, and Senior
Independent Director of Business Growth Fund.
He has a strong track record in overseeing the developments of
operations and corporate transactions having overseen as chairman
the successful organic and acquired growth strategies of Umeco,
Cybit and most recently e2v Technologies.
Neil will assume the role with effect from 3rd January 2018.
This follows the announcement on 25 July 2017 that Ron Sandler had
informed the Board of his intention to step down as Chairman and
from the Board.
Trading update
Despite challenging headwinds in some of our markets Centaur
continues to perform in-line with expectations, with good progress
being made both with regard to cash collection and debtors
reduction.
Our transition away from print advertising has progressed
satisfactorily and will represent less than 4% of total revenues
going into 2018.
MarketMakers, the UK's leading B2B integrated marketing services
business which was acquired earlier this year, is performing well
and the company continues to consider other opportunities to expand
the business further.
A year end trading update will be announced in January 2018.
Neil Johnson commented:
"I am delighted to be joining the Board of Centaur. The company
is at an exciting stage and I believe in its potential as a pure
B2B information and events group. I look forward to working with
Andria and the rest of the Board to deliver long-term value to all
of our stakeholders."
Andria Vidler, Chief Executive Officer said:
"I am delighted to welcome Neil to Centaur. He has great breadth
of experience and I look forward to benefitting from his
considerable expertise in harnessing technology and helping
businesses to grow. On behalf of the Board, I would like to thank
Ron for his valuable contribution over the years. We extend him
every good wish for the future."
The Company makes this announcement in accordance with LR
9.6.11R of the Listing Rules. There are no other matters to be
disclosed under LR 9.6.13R.
Enquiries
Centaur Media plc
Andria Vidler, Chief Executive 020 7970 4000
Swag Mukerji, Chief Financial Officer
Tulchan Communications
James Macey White 020 7353 4200
Elizabeth Snow
Note to editors
Centaur Media is an award winning UK-based multi-platform
content group that inspires and enables people to excel at what
they do, raising the standard for market insight, interaction and
impact.
Leading brands include: Econsultancy, Marketing Week, Festival
of Marketing, Creative Review, Celebrity Intelligence, Fashion
& Beauty Monitor, Money Marketing, Platforum, The Lawyer,
Employee Benefits, The Engineer, Subcon, Oystercatchers, the
Business Travel Show and The Meetings Show.
This information is provided by RNS
The company news service from the London Stock Exchange
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