Mecom Group PLC MEC

Latest Morningstar Commentary
DateAuthor Headline

Latest Company News

Regulatory News Abstract
DateType Story
22/05/2013Non-Exec Director Change Peter Allen appointed
Peter Allen has been appointed to the board as non-executive director with immediate effect
22/05/2013Business Event Result of AGM
At the company's AGM held on 22 May 2013, all resolutions including special resolutions to allot the equity securities for cash, to make one or more market purchases of Ords in the capital of the company, and amendment in Articles of Association of the company, were duly passed
16/05/2013CEO Change Stephen Davidson Changes roles
Stephen Davidson, executive Chairman, will be appointed as Chief Executive Officer with effect from appointment of new Chairman
16/05/2013Non-Exec Director Change Rory Macnamara appointed
Rory Macnamara will be appointed to the board as non-executive Chairman with effect from AGM 2013
16/05/2013Non-Exec Director Change Gerald Aherne leaves board
Gerald Aherne, non-executive director, intends to retire from the board with effect from AGM 2013
25/04/2013Trading Statement Expects reduction in EBITDA
"...to result in significant reductions in EBITDA for the remainder of 2013, such that full-year EBITDA is likely to be in a range between EUR50.0m and EUR60.0m"
22/04/2013Business Event Response to a statement by Funda
The company notes the statement on the investor relations website of Funda N.V. suspending trading in Funda certificates. The company's subsidiary, Wegener Nederland B.V., owns a 30.0% economic interest in Funda. The board can confirm that Wegener is in discussions with Funda which envisage a buy-back by Funda of Wegener's shareholding in Funda.
22/04/2013Adviser Change Appointment of Remuneration Consultant
PricewaterhouseCoopers LLP has been appointed as Remuneration Consultant to the compan
08/04/2013Trading Statement Lower than previous expectations
"...business will be somewhat lower than previous expectations"
02/04/2013Business Event Notice of AGM
At the company's AGM to be held on 22 May 2013, special resolutions to allot the equity securities for cash, to make one or more market purchases of Ords in the capital of the company, and amendment in Articles of Association of the company, will be proposed
02/04/2013Disposal Completion of sale of AutoTrack
The company announces the completion of the disposal of AutoTrack to De Persgroep Nederland B.V. took place on 31 March 2013.
21/03/2013Trading Statement 2013 results to be influenced by continued pressure
"The Group expects full-year 2013 results to be influenced by continued pressure on advertising revenue and declines in circulation revenue arising from lower single copy sales"
21/03/2013Disposal Sale of AutoTrack
The company announces that its Dutch subsidiary, Wegener Nederland B.V. has agreed the sale of its online automotive classifieds business, AutoTrack, to De Persgroep Nederland B.V. Aggregate consideration on a debt- and cash-free basis is EUR26.0m, and is payable in full at completion, subject to adjustment if necessary through a customary completion accounts process
21/03/2013Disposal Sale of Polish operations
The company announces that it has agreed the sale of its remaining Polish operations in two separate, but related, transactions for an aggregate consideration on a debt and cash free basis of approximately EUR4.00m. The transactions consist of the disposal of Media Regionalne sp. z o.o. to Polskapresse sp. z o.o. for consideration on a debt and cash free basis of PLN 8.00m and the sale of the shares in the companies which operate the Radio Gra stations to Multimedia sp. z o.o. for consideration on a debt and cash free basis of PLN 9.00m
26/02/2013Business Event Extension of bank facilities agreement
The company announces that, on 25 February 2013, it signed a one-year extension of its current syndicated bank facilities agreement, such that the facilities will expire on 31 October 2014. The group expects the revised agreement to become effective shortly. The extended facilities total EUR250m, comprising a term loan of EUR135m and a revolving credit facility of EUR115m
11/01/2013Trading Statement In line with trading statement
ch - "...we expect to deliver 2012 results in line with the trading statement we made on 6th June 2012"