Appointment of Joint Broker

RNS Number : 7863M

Smiths News PLC

04 February 2009

 



Smiths News PLC

Appointment of Oriel Securities Limited as Joint Broker

Following a review of its corporate broking arrangements, Smiths News PLC ('the Group'), the UK's leading wholesaler of newspapers and magazines, is pleased to announce the appointment of Oriel Securities Limited as joint broker to the Group, alongside its existing joint broker JPMorgan Cazenove.

Enquiries:

Smiths News PLC Mark Cashmore, Group Chief Executive Alan Humphrey, Finance Director	Tel: [phone] Tel: [phone]
Buchanan Communications  Tim Thompson / Jeremy Garcia	Tel: [phone]

About Smiths News:

Smiths News is the UK's leading wholesaler of newspapers and magazines. The Group was formed on 1 September 2006 following the demerger of WH Smith PLC.

Smiths News distributes newspapers and magazines on behalf of all the major national publishers as well as a large number of regional publishers. The business serves approximately 23,000 customers across England and Wales, supplying large general retailers as well as smaller independent newsagents.

In addition to its distribution activities, Smiths News collects and processes returns, supplies sales information to publishers and provides a range of services for its retail customers.

Smiths News has an approximate 40 per cent share of the magazine wholesaling sector and an approximate 35 per cent share of the newspaper wholesaling sector in the UK.

Smiths News has 45 distribution centres across England and Wales, employing 4,000 staff.

 

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