DMGT Daily Mail & General Trust plc Class A

Media speculation in respect of Cazoo

Daily Mail and General Trust plc (DMGT)
Media speculation in respect of Cazoo

19-Feb-2021 / 15:19 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

19 February 2021

 

Daily Mail and General Trust plc (DMGT)

Media speculation in respect of Cazoo

 

DMGT notes the recent media speculation regarding Cazoo and Cazoo's statement that "As one of the UK's fastest growing businesses, with revenues of over £160m in our first year alone, it is not surprising that there is speculation around whether or when we might IPO but we do not comment on speculation and should we have an announcement to make on this or any other matter we shall do so at the appropriate time."  As a result, at this time there can be no certainty of any specific outcome for DMGT shareholders.

DMGT owns a c. 20% stake in Cazoo, which is accounted for as an investment. 

DMGT will make a further announcement if appropriate.

 

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, education technology and events & exhibitions.  In total, DMGT generates revenues of around £1.2bn.

 

 
ISIN: GB00BJQZC279
Category Code: MSCH
TIDM: DMGT
LEI Code: 4OFD47D73QFJ1T1MOF29
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 93980
EQS News ID: 1169809

 
End of Announcement EQS News Service

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19/02/2021

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