Aegis Group PLC
27 May 2005
27 May 2005
For Immediate Release
Aegis Group plc
AEGIS ESTABLISHES OUTDOOR MEDIA AGENCY IN THE PHILIPPINES
Aegis Group plc ("Aegis" or "Group") - the media communications and market
research group - announced today that it has signed an agreement to acquire the
outdoor media-related assets of JKJ Media Services Inc. (JKJ), the second
largest outdoor network in the Philippines. It is expected that the acquisition
will be completed before the end of June 2005.
The purchase price will be composed of a total cash consideration up to
approximately £8.0 million, payable over three years and subject to rigorous
Founded in 1991, JKJ provides a complete service offering to clients from the
planning through to the execution of outdoor campaigns and has an impressive
client roster including Alaska, Cellsite, Coca-Cola, Nokia, Piltel & SMART. The
company is well known for constructing high quality billboard structures and for
incorporating the latest technology in poster production.
Robert Lerwill, CEO of Aegis Group plc said:
"Outdoor media is a high growth area and Aegis is committed to building
Posterscope into a truly global network. Over the past year Posterscope has
expanded its network in Asia-Pacific and now with its presence in the
Philippines it has become the largest outdoor media specialist in the region.
This will provide an extremely strong edge over our competitors when pitching
for international and regional clients. JKJ is undoubtedly a class act - the
best and most dynamic outdoor agency in the Philippines - and I welcome them as
a valuable part of the Posterscope family."
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For further information contact:
Richard Walters, Aegis Group plc (44) 20 7070 7700
Charles Palmer, Financial Dynamics (44) 20 7831 3113
Notes to Editors:
About Aegis Group plc.
Aegis Group plc is the holding company for Aegis Media - which includes Carat,
Isobar, Vizeum, & Posterscope - and Synovate, its market research business.
These two operating groups provide clients with a range of services across media
communication services, marketing consultancy and market research. Listed on
the London Stock Exchange it operates in over 60 countries.
Please visit: www.aegisplc.com.
Posterscope is a wholly owned subsidiary of Aegis plc with offices throughout
Europe, USA and Asia Pacific. The agency employees over 500 people in 33
offices and has billings in excess of £1billion.
Please visiit: www.posterscope.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange