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Future plc (LSE: FUTR, “the Group” or “Future”), the international media group and leading digital business, has agreed terms to acquire Miura (Holdings) Ltd, the holding company and ultimate parent company of Imagine Publishing Limited (‘Imagine Publishing’) (the ‘Acquisition’) for a total consideration of 179,567,841 new Future shares (the ‘Consideration Shares’), which at Future’s closing share price on 22 June 2016 represents a consideration of £14.2m.
The Acquisition of Imagine is a further substantial step in Future’s strategy of creating content that connects, increasing scale and improving operational efficiency.
Zillah Byng-Thorne, Future plc Chief Executive said;
“This is a unique opportunity to acquire a market leading knowledge, science and technology content business which will complement and expand our capabilities.
“Imagine has an impressive reputation with 19 periodical magazines and is a world leader in bookazines. The acquisition will enable us to scale significantly our market position in bookazines and will see us enter the knowledge vertical, broadening our reach.
“The addition of Imagine with its strong management team and quality staff enables us to take a further substantial step towards our strategy of creating content that connects, increasing scale and improving operational efficiency.”
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Pension Insurance Corporation Group Limited (“PICG” or the “Company”), ultimate parent company of Pension Insurance Corporation plc (“PIC”), the specialist insurer of defined benefit pension schemes, today announces its final results for the 12 months to 31 December 2021.
The Pension SuperFund (“PSF”) today announces the appointment of Michael Clark as its Chief Executive Officer (“CEO”). Michael joins PSF from Shell where he has been Global Head of Pensions, responsible for the governance and administration of all the Group’s pension arrangements.
Telent has announced that it has acquired the Harlequin Group, a specialist technology services company. Complementing Telent’s existing business operations, building telecom infrastructure for mobile network operators (MNO) and service providers, the acquisition significantly enhances its professional services capability in the site acquisition and design arena.
London, 4 October 2021 – Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension funds, has signed a £2.2 billion pension insurance buy-in with the Trustee of the Metal Box Pension Scheme...
The Pension Superfund has announced the makeup of its asset and liability management (ALM) committee – unveiling names including Aberdeen Standard Investments chairman Martin Gilbert and former Railpen chief executive Chris Hitchen as part of its team...
Pension Super Fund, a company trying to pioneer a gigantic consolidating vehicle for traditional pension funds, has received equity backing from Sampo, the Scandinavian insurer that last week agreed the takeover of Hastings Group, the car insurer.