Editor's Pick: Markets: The week that was (16-20/11/09)
(MEC.L) Mecom Group PLC Buy/Sell
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| Date/Time | Headline | Source |
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| Fri 07:01 | RNS |
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RNS Number : 8134C Mecom Group PLC 20 November 2009 Annex DTR3 Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons All relevant boxes should be completed in block capital letters.
DAVID MONTGOMERY
NOTIFICATION RELATES ORDINARY SHARES OF
IN 3 ABOVE
DAVID MONTGOMERY ACQUISITION OF
SHARES
LONDON
SECRETARY 020 7925
7200 Name of authorised official of issuer responsible for making notification DATE OF NOTIFICATION_20 NOVEMBER 2009_________ Notes: This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4.
This information is provided by RNS The company news service from the London Stock Exchange END
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| Thu 17:05 | RNS |
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RNS Number : 8130C Mecom Group PLC 19 November 2009 Annex DTR3 Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons All relevant boxes should be completed in block capital letters.
HENRY DAVIES
NOTIFICATION RELATES
TO THE PERSON NAMED
IN 3 ABOVE
18 NOVEMBER 2009
18 NOVEMBER 2009 FROM THE THIRD
ANNIVERSARY OF THE
DATE OF GRANT TO THE
TENTH ANNIVERSARY OF
THE DATE OF GRANT
NONE ORDINARY SHARES OF
PARALLEL SECRETARY 020 7925
TAX-APPROVED OPTION
BEING MADE UNDER
THE MECOM GROUP PLC
2007 EXECUTIVE SHARE
ALREADY BEEN
Name of authorised official of issuer responsible for making notification DATE OF NOTIFICATION_19 NOVEMBER 2009_________ Notes: This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4.
This information is provided by RNS The company news service from the London Stock Exchange END
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| Tue 07:04 | RNS |
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RNS Number : 6019C Mecom Group PLC 17 November 2009 17 November 2009 Mecom Group plc ("Mecom") Wegener news release The following announcement has been released by Koninklijke Wegener NV ("Royal Wegener"), a subsidiary of Mecom in the Netherlands:
NEWS RELEASE Royal Wegener achieves sharp cost-cutting successes, while recovery is not yet visible in the advertising market As reported earlier this year, Royal Wegener, the Dutch multimedia group, was confronted with a strong decline in advertising revenues in the period from July through October 2009. Compared to the same period of 2008, there was an autonomous decrease of 24%. The advertising sales decline for the 2009 first half was 24% also. Whilst a recovery in the advertising market is not yet in sight, rates of decline are showing some stability. Advertising revenues including PCM Lokale Media (acquired mid July 2009) decreased by 21%. The effect of the decline in advertising sales on the operating result (before exceptional items) was substantially mitigated by the effects of the several cost-cutting measures. Cost reductions offset 75% of the decline in revenues in the period to October; this figure was 70% for January through October. Comparison of the autonomous figures excludes the effects of the sale of Wegener's 37% interest in AD NieuwsMedia and the group's printing facility in The Hague, along with purchase of PCM Lokale Media (door-to-door papers). Advertising sales fell for both Wegener's daily newspapers and the group's free door-to-door newspapers, once again with the deepest decline in the recruitment (-54%) and automotive (-35%) segments of the market. Developments in the past four months showed also a decrease of internet revenues, which were down compared to revenues for the same months of 2008, mainly due to less online recruitment ads for JobTrack. Revenues for AutoTrack showed limited growth, despite the severe circumstances in the automotive market. Subscription revenues of the Wegener dailies rose by 1% between July and October 2009 compared with the same period in 2008. This figure includes a slight decline in the number of standard subscriptions offset by indexation of the subscription price. Application of Wegener's many cost-reducing measures remained in full force during the past four months. The Delta project, which involves combining all the group's back-office activities, has largely been completed, the most striking effect being a reduction in personnel expenses. In addition, press renewal in Best and the closure of the printing units in Breda (end of 2008) and Nijmegen (June 2009) generated a decrease in graphic production costs. In the period from July to October 2009, the total number of employees, on the basis of FTEs (full-time equivalents) declined by 11% on an autonomous basis, compared to the same period in 2008. The decline from January to October 2009 was 11% also. On balance, the operating result before exceptional items for the period from July to October declined by 32% compared to the same period in 2008 (autonomous: -27%). The period from January to October 2009 showed a decline of 34% (autonomous: -33%). At the end of October 2009, Wegener's net interest-bearing debt had risen by 3% compared with the level at 31 December 2008, partly due to seasonal influences in the amount of operating capital. Sale of Wegener's 37% holding in AD NieuwsMedia to PCM Uitgevers took effect in July. At the same time, the printing facility in The Hague was sold to PCM, while Wegener acquired PCM Lokale Media. Also in July 2009, it was announced that Wegener and Dagblad De Pers had entered into a long-term collaborative venture. Wegener sells advertisements in De Pers, prints and distributes those newspapers, and performs a number of back-office activities. The programme to renew and expand the printing presses in Best has almost been completed, and the three new press lines are now operating. With the closure of the printing unit in Nijmegen and the sale of the unit in The Hague, Wegener has concentrated its printing activities in three locations: Apeldoorn, Best and Enschede. As announced on 11 November 2009, the previously announced merger of Koninklijke Wegener NV and LMG Netherlands I BV has been postponed for tax reasons. In a response to this postponement decision, shareholder Governance for Owners informed the Enterprise Chamber that, for the time being, this decision obviates the need for a preliminary injunction as requested at an earlier stage along with expressing urgent interest in conducting an inquiry into company affairs. At the moment, no recovery is in sight for the advertising markets relevant for Wegener. Because economic prospects continue to be uncertain, no concrete forecast can be given as to results for the entire year of 2009. Apeldoorn, The Netherlands, 17 November 2009 Management Board Koninklijke Wegener NV Enquiries:
David Montgomery, Chief Executive Henry Davies, Group Finance Director Jonathan Digges, Group Corporate Finance This information is provided by RNS The company news service from the London Stock Exchange END
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| Tue 07:04 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 6016C
Mecom Group PLC
17 November 2009
17th November 2009
Mecom Group plc Interim Management Statement
Mecom reconfirms EBITDA guidance with easing advertising trends and
increased cost savings
Mecom Group plc (*Mecom* or *the Company*) is issuing the following Interim Management Statement for the four month period to 31st October 2009.
Trading
In the four months to 31st October 2009 the negative trend in Group advertising revenues has continued to ease somewhat with declines of 18 per cent compared with 22 per cent in the first half of 2009. Year-on-year advertising performance in each of our divisions is summarised in the table below and reflects the timing of the recession in each country, with the Netherlands and Poland entering the downturn later.
6 months to 30 June 4 months to 31 October 10 months to 31 October 2009
2009 2009
YoY% YoY% YoY%
The Netherlands (22) (20) (21)
Denmark (24) (19) (22)
Norway (20) (13) (17)
Poland (16) (18) (17)
Total (22) (18) (20)
Circulation revenues in the four month period were up 2 per cent, reflecting robust circulation volumes and modest cover price increases.
Total group revenues were down 11 per cent on a like-for-like basis in the four month period to 31st October 2009, compared with 13 per cent in the six month period to 30th June 2009.
Total costs were also down 11 per cent on a like-for-like basis in the four month period to 31st October 2009, compared with 9 per cent in the six months to 30th June 2009, giving a year-to-date saving of approximately EUR115 million. Previous guidance indicated full-year savings of EUR100 million and management is confident that it will make a further reduction on top of the actual year-to-date savings. This management of the cost base is providing an effective mitigation against still declining advertising revenues.
At the end of October net debt was EUR425 million, up from an adjusted EUR379 million at 30th June, reflecting the seasonality in working capital flows and the phasing of capex and expenses relating to the cost rationalisation programmes. Some reduction of net debt is expected between 31st October and the end of the year.
Outlook
Despite continuing weakness in advertising the improved cost reduction in the four months to 31st October allows the Board to reconfirm its expectation for full year EBITDA in line with current market forecasts.
Contacts:
Mecom Group plc +44 (0) 207 925 7200
David Montgomery, Chief Executive
Henry Davies, Group Finance Director
Jonathan Digges, Group Corporate Finance
Financial PR
M: Communications +44 (0) 20 7153 1530
Nick Miles
Eleanor Williamson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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| 11-11-09 | AFX UK Focus |
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LONDON, Nov 11 (Reuters) - Mecom Group Plc:
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 11-11-09 | RNS |
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RNS Number : 3284C Mecom Group PLC 11 November 2009 11 November 2009 Mecom Group plc The following announcement was made today by Koninklijke Wegener NV, a subsidiary company of Mecom Group plc. "Merger between Koninklijke Wegener and Limburg Media Groep postponed Koninklijke Wegener NV (Wegener) and LMG Netherlands I BV (LMG) have decided to postpone their intended merger, originally announced on 25 June 2009. This decision is based on tax considerations. The merger was originally scheduled for early January 2010. Wegener and LMG, which publishes newspapers such as De Limburger and Limburgs Dagblad, are both subsidiaries of Mecom Group Plc and are already working together closely."
END Enquiries: Mecom Group plc
Henry Davies, Group Finance Director This information is provided by RNS The company news service from the London Stock Exchange END
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| 26-10-09 | RNS |
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RNS Number : 3995B Mecom Group PLC 26 October 2009
MECOM GROUP PLC
DIRECTOR DECLARATION Further to the announcement concerning the appointment of Mr Gerald Aherne as a non-executive director to Mecom Group plc ("Mecom") on 22 October 2009, Mecom confirms the following information required under Listing Rule 9.6.13: (a) in accordance with Listing Rule 9.6.13 (1), Mr Aherne is a director of Electric & General Investment Trust plc, Henderson Group plc and Majedie Investments plc; (b) there are no details to be disclosed in respect of Mr Aherne under Listing Rules 9.6.13 (2) to 9.6.13 (6). Name of contact and telephone number for queries: Jaime Tham, Company Secretary, 020 7925 7200 Name of Company official responsible for making notification: Christine Campbell, Group Secretariat Date of notification: 26 October 2009 This information is provided by RNS The company news service from the London Stock Exchange END
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| 23-10-09 | RNS |
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RNS Number : 2593B Mecom Group PLC 23 October 2009 23 October 2009 Mecom Group plc Mecom announces Board appointment Mecom Group plc ("Mecom") announces that Gerry Aherne has joined the Board as a non-executive director with effect from 22 October 2009. He will become a member of the Audit, Nomination and Remuneration Committees. Mr Aherne is currently managing partner of Javelin Capital LLP and a director of Electric and General Investment Trust plc. He is also a non-executive director of Henderson Group plc, Hadleigh plc and an executive director of Majedie Investments plc. He spent 18 years with Equity & Law in various actuarial and investment management roles up to 1986 then 16 years with Schroder Investment Management, as Investment Director up to 2002. Alasdair Locke, Chairman of Mecom, said, "We are very pleased to welcome Gerry to the Board of Mecom. His enormous experience in the field of investment and fund management will contribute greatly to the continuing development of Mecom's business. As a result of this appointment, Mecom has also restored the balance of the Board in accordance with the Combined Code requirements." Enquiries:
David Montgomery, Chief Executive Henry Davies, Group Finance Director
Andrew Hodgkin
Eleanor Williamson This information is provided by RNS The company news service from the London Stock Exchange END
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| 09-10-09 | RNS |
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RNS Number : 5563A Mecom Group PLC 09 October 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
3. Full name of person(s) subject to the
4. Full name of shareholder(s)
5. Date of the transaction and date on which the threshold is crossed or reached:
7. Threshold(s) that is/are crossed or
8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
(UTM) GBP 0.6085888
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect)
(Group) (16,978,349 - 15.42% = Total Position)
Legal & General Investment Management (Holdings)
Limited (LGIMH) (Direct and Indirect) (16,978,349 -
15.42% = Total Position)
Legal & General Investment Management Limited
(Indirect) (LGIM) (16,978,349 - 15.42% = Total
Position)
Legal & General (Unit Trust Managers) Limited
(5,506,927 - 5.00% = UTM)
(Direct) (LGIMHD) (4,239,312 - & LGPL)
3.85 % = PMC)
PMC)
(LGPL)
Proxy Voting:
N/A
to hold: N/A
voting rights: N/A
13. Additional information:
020 7925 7200 This information is provided by RNS The company news service from the London Stock Exchange END
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| 05-10-09 | RNS |
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RNS Number : 2652A Mecom Group PLC 05 October 2009 5 October 2009 Mecom Group plc Notification of change to Director's details In accordance with Listing Rule 9.6.14R, Mecom Group plc gives notice that Michael Hutchinson, a non-executive director of Mecom Group plc has resigned as the chairman of the board of Wogen plc with effect from the delisting of Wogen plc today.
This information is provided by RNS The company news service from the London Stock Exchange END
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| 28-09-09 | RNS |
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RNS Number : 8006Z Mecom Group PLC 28 September 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
notification obligation:
(if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:
reached:
8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
GBP 0.6085888
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect)
(Group) (16,507,064 - 15.00% = Total Position)
Legal & General Investment Management (Holdings)
Limited (LGIMH) (Direct and Indirect) (16,507,064 -
15.00% = Total Position)
Legal & General Investment Management Limited
(Indirect) (LGIM) (16,507,064 - 15.00% = Total
Position)
(Direct) (LGIMHD) (4,239,312 - & LGPL)
3.85 % = PMC)
PMC)
(LGPL)
Proxy Voting:
N/A
to hold: N/A
voting rights: N/A
13. Additional information:
020 7925 7200 This information is provided by RNS The company news service from the London Stock Exchange END
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| 24-08-09 | RNS |
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RNS Number : 9232X Mecom Group PLC 24 August 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
of existing shares to which voting rights are attached:
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):
notification obligation:
4. Full name of shareholder(s)
(PMC)
5. Date of the transaction and date on which the threshold is crossed or reached:
reached: 8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
GBP 0.6085888
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect)
(Group) (15,490,606 -14.07% = Total Position)
Legal & General Investment Management (Holdings)
Limited (LGIMH) (Direct and Indirect) (15,490,606
-14.07% = Total Position)
Legal & General Investment Management Limited
(Indirect) (LGIM) (15,490,606 -14.07% = Total
Position)
Legal & General Group Plc (Direct) (L&G) (11,021,999 -10.01 % = LGAS, LGPL
Management (Holdings) Limited (Direct) (LGIH) (6,727,971 -6.11 % = LGAS
-3.90 % = PMC)
PMC)
(LGPL)
Proxy Voting:
N/A
to hold: N/A
voting rights: N/A
13. Additional information:
020 7925 7200 This information is provided by RNS The company news service from the London Stock Exchange END
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