DMGT Daily Mail & General Trust plc Class A

Completion of disposal of Hobsons

Daily Mail and General Trust plc (DMGT)
Completion of disposal of Hobsons

04-March-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

4 March 2021

 

Daily Mail and General Trust plc (DMGT)

Completion of disposal of Hobsons

 

DMGT announces the completion of the sale of Hobsons, its EdTech business, in two separate transactions, for total proceeds of approximately US$410m.  This follows the announcement on 18 February 2021 of the agreements to sell Hobsons' Naviance and Intersect businesses to US-based PowerSchool and to sell Hobsons' Starfish business to US-based EAB.

Enquiries

Investors:

 

Tim Collier, Group CFO

2

Adam Webster, Head of Investor Relations

3

 

 

Media:

Doug Campbell, Teneo

 

Paul Durman, Teneo

 

About DMGT

DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment.  The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information and events & exhibitions.  In total, DMGT generates revenues of around £1.1bn.
ISIN: GB00BJQZC279
Category Code: DIS
TIDM: DMGT
LEI Code: 4OFD47D73QFJ1T1MOF29
Sequence No.: 94785
EQS News ID: 1172966

 
End of Announcement EQS News Service

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EN
04/03/2021

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DMGTDaily Mail & General Trust plc Class A

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