Progressive Digital Media Group PLC Trading Update (9433G)
05 Juillet 2012 - 8:00AM
UK Regulatory
TIDMPRO
RNS Number : 9433G
Progressive Digital Media Group PLC
05 July 2012
Progressive Digital Media Group Plc ("PDMG" or the "Group")
Market Update
PDMG, a content driven media company producing premium business
information, is pleased to announce the acquisition of the business
and assets of Kable, one of the UK's leading providers of
technology expenditure intelligence. Kable provides business
information, tactical intelligence, research, analysis and
consultancy to a number of the UK's leading blue chip
companies.
The acquisition, which completed on 2(nd) July 2012, is in line
with PDMG's stated strategy of growing its exposure to subscription
based content revenue streams.
The Board is also pleased with the Group's performance to date
and expects to report results for the first six months of the year
in line with expectations. These results are expected to be
announced on 26(th) July 2012.
Enquiries:
Progressive Digital Media Group plc 0207 936 6400
Mike Danson, Chairman
Simon Pyper, CFO
Singer Capital Markets Limited 0203 205 7500
James Maxwell
Nick Donovan
Hudson Sandler 0207 796 4133
Nick Lyon
This information is provided by RNS
The company news service from the London Stock Exchange
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