Trading Update and Board Appointments
(Thomson Reuters ONE) - 28 JAN 2010 SPORT MEDIA GROUP PLC ("Sport Media", "SPMG", "or "the Company") Trading Update and Board AppointmentsThe Board of Sport Media Group plc (AIM: SPMG.L), the integrated multi-mediagroup that publishes the Sunday and Daily Sport newspapers and provides digitalcontent for internet and mobile channels, today reports the following tradingupdate:The last five months trading to 31st December continued to be encouraging.Although daily circulation of the newspaper failed to hold the peak levels ofAugust, they remained above budget and the Group traded profitably for theperiod.The Board is confident that 2010 will see profitability recover further.The Board is also pleased to announce the appointment of Mr William MartinRobinson ("Martin") (aged 51) as Non-Executive Deputy Chairman of the Group andRobert Johnson ("Rob") (aged 54) as Executive Director. Both appointments areeffective immediately. It is anticipated that Martin will become Chairman of theGroup following the next Annual General Meeting.Rob has held a senior position in the operational structure of the Company for10 years. Rob is beneficially interested in 876,977 Ordinary Shares of 0.25p,representing approximately 0.9 per cent. of the Company's issued share capital.Commenting on the recent appointments, David Bailey, Chairman, said:"The Company is delighted to welcome both Martin and Rob to the Board. I feelconfident that, with the extensive positions Martin has held, he will bring tous a wealth of expertise and knowledge as we continue to grow the business andmove forward with the ever-changing economic climate. Rob's appointment to themain Board, from the operating structure, further strengthens our commitment inbringing value to shareholders".The Board also today confirms that it expects to announce the Company's results,for the 17 months to December 2009, in April.The following information is disclosed pursuant to Rule 17, Schedule Two,paragraph (g) of the AIM Rules:In respect of Martin RobinsonCurrent Appointments:A.C.A LimitedPlant Impact PlcBraemar Group PlcRegenesis Group LimitedBraemar UK Agricultural Land PlcPrevious Appointments:Lloyd Street Holdings LimitedChartered Accountants' Trustees LimitedF.C.A. LimitedAlec Finch Group LimitedVenturia PlcPro. Manchester LimitedThe Private Capital Club LimitedThe Muse Corporate LimitedAppointments at Time of Dissolution:Peter Robinson Securities LimitedHenry Cooke Managed Services LimitedThe Tritec Trust LimitedExchange Information Systems LimitedBraemar Reversionary PropertyIn respect of Rob JohnsonRobert Johnson was the sole director of Tobyward Limited ("Tobyward"). Between11 January 1996 and 29 March 1996 Tobyward was convicted of a number of criminaloffences pursuant to the Trade Descriptions Act 1968, the Consumer ProtectionAct 1987, Article 3(2) Mail Order Transactions (Information) Order 1976, Section23 of the Fair Trading Act 1973 and the Food Labelling Regulations 1984. Theseindictments related to advertisements placed in various publications on behalfof Tobyward during 1993 and 1994 regarding false trade descriptions applied toproducts sold by Tobyward. Prosecutions were brought in the Shrewsbury CrownCourt, Shrewsbury Magistrates Court and the Wolverhampton Crown Court, andTobyward incurred aggregate fines and Court costs of approximately £158,000. Aliquidator was appointed to Tobyward on 26 April 1996. The liquidator wasappointed following a creditors voluntary liquidation on 26 April 1996 resultingin an estimated deficiency to creditors of approximately £386,000. Tobyward wassubsequently dissolved on 2 March 1998.Following the liquidation of Tobyward, the liquidator investigated the conductof Robert Johnson (as he is required to do by law) and on 17 November 1997,Robert Johnson was disqualified, for a period of four years, from acting as adirector of a company by the Companies Court. However, as explained in theInteractive World plc AIM Admission document, published on 3 May 2006 andavailable on the Company's website, due to the circumstances of thedisqualification and the fact that he has never since been associated with afailed company and that, in the other Directors' view, Robert Johnson behavedproperly since this time the other Directors and Daniel Stewart are of the viewthat Robert Johnson is entirely appropriate to be an Executive Director of theCompany.For further information, please contact:Sport Media Group plcDavid Bailey, ChairmanAndrew Fickling, Chief Executive OfficerNeil Robertson, Group Finance DirectorTel: + 44 (0) 7836 258 558Tel: + 44 (0) 161 236 4466www.sportmediagroup.co.uk
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Datum: 28.01.2010 - 03:03 Uhr
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