TIDMRCH
RNS Number : 8219D
Reach PLC
24 February 2020
Reach plc
24 February 2020
Reach plc
Strategy Update and 2019 Results Presentation
Reach plc ('Reach', 'the Company', 'the Group'), the largest
commercial national and regional news publisher in the UK, is today
making a presentation to analysts and institutional investors.
Jim Mullen, Chief Executive Officer, and Simon Fuller, Chief
Financial Officer and Company Secretary, will be joined by a number
of the Company's senior management team to provide an update on the
strategic plans for long-term value creation.
The Group's growth strategy will ensure that through capturing
customer insight and data, Reach continues to build an intelligent
and relevant content business for the long term, ensuring a
sustainable future for its trusted brands.
The Group is targeting having 7m registered customers by the end
of 2022 versus less than 1m at the end of 2019. At the 2020
interims the Group plans to give an update on key monetisation
themes, with an overall digital revenue target and timeline
expected to be announced with the 2020 year end financial
results.
The customer value strategy being unveiled is centred on
building an intelligent, relevant and trusted content business for
the long term. Key pillars of the customer value strategy are:
-- Increased customer engagement - improved customer experience,
deepening customer relationships
-- A single view of the customer - a unified view of the customer across Reach
-- Revenue diversification and growth - innovation to grow and diversify our revenue base
-- Harnessing talent and teams -a customer-centric culture underpinned by data
In addition to the strategic update, the presentation will
include a review of the 2019 full-year results.
No new material financial information will be provided.
Agenda
-- Welcome - Nick Prettejohn, Chairman
-- 2019 Highlights - Jim Mullen, CEO
-- 2019 Financial update - Simon Fuller, CFO
-- Our customer value strategy - Jim Mullen, CEO
-- The time is now and measures of success - Simon Fuller, CFO
-- Content ... it's what we do - Lloyd Embley, Group Editor-in-Chief
-- In summary - Jim Mullen, CEO
Event details
The presentation will be held at Numis Securities, London Stock
Exchange building, 10 Paternoster Square, London, EC4M 7LT,
starting at 10.30am and lasting approximately two hours.
Registration and refreshments will be from 10.15am.
Analysts and institutional investors interested in attending the
presentation should contact Tulchan Communications either by e-mail
to ReachPLC@tulchangroup.com or by telephone +44 (0)20 7353
4200.
A conference call facility and live webcast will now also be
available for analysts and institutional investors unable to attend
in person. Details are as follows:
-- Conference call - telephone number: 0800 376 7922 or +44
(0)20 7192 8000; conference ID number: 9863544
-- Webcast - URL: https://edge.media-server.com/mmc/p/3i287h2k
A copy of the presentation and replay recording of the
presentation via audio webcast will be available at
www.reachplc.com later today.
--End--
Enquiries
Reach 020 7293 3000
Jim Mullen, Chief Executive Officer
Simon Fuller, Chief Financial Officer and Company
Secretary
Angus Prentice, Interim Investor Relations Director
Tulchan Communications 020 7353 4200
David Allchurch / Giles Kernick
Forward-looking statements
This announcement has been prepared in relation to the financial
results for the 52 weeks ended 29 December 2019. Certain
information contained in this announcement may constitute
'forward-looking statements', which can be identified by the use of
terms such as 'may', 'will', 'would', 'could', 'should', 'expect',
'seek, 'anticipate', 'project', 'estimate', 'intend', 'continue',
'target', 'plan', 'goal', 'aim', 'achieve' or 'believe' (or the
negatives thereof) or words of similar meaning. Forward-looking
statements can be made in writing but also may be made verbally by
members of management of the Company (including, without
limitation, during management presentations to financial analysts)
in connection with this announcement. These forward-looking
statements include all matters that are not historical facts and
include statements regarding the Company's intentions, beliefs or
current expectations concerning, among other things, the Company's
results of operations, financial condition, changes in global or
regional trade conditions, changes in tax rates, liquidity,
prospects, growth and strategies. By their nature, forward-looking
statements involve risks, assumptions and uncertainties that could
cause actual events or results or actual performance or other
financial condition or performance measures of the Company to
differ materially from those reflected or contemplated in such
forward-looking statements. No representation or warranty is made
as to the achievement or reasonableness of and no reliance should
be placed on such forward-looking statements. The forward-looking
statements reflect knowledge and information available at the date
of this announcement and the Company does not undertake any
obligation to update or revise any forward-looking statement,
whether as a result of new information or to reflect any change in
circumstances or in the Company's expectations or otherwise.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDFLFEEFEIVFII
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February 24, 2020 02:05 ET (07:05 GMT)
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