19 Feb 2021 15:19
Daily Mail and General Trust plc (DMGT) Media speculation in respect of Cazoo 19-Feb-2021 / 15:19 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. 19 February 2021
Daily Mail and General Trust plc (DMGT) Media speculation in respect of Cazoo
DMGT notes the recent media speculation regarding Cazoo and Cazoo's statement that "As one of the UK's fastest growing businesses, with revenues of over £160m in our first year alone, it is not surprising that there is speculation around whether or when we might IPO but we do not comment on speculation and should we have an announcement to make on this or any other matter we shall do so at the appropriate time." As a result, at this time there can be no certainty of any specific outcome for DMGT shareholders. DMGT owns a c. 20% stake in Cazoo, which is accounted for as an investment. DMGT will make a further announcement if appropriate. Enquiries
About DMGT DMGT manages a portfolio of companies that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. The Group takes a long-term approach to investment and has market-leading positions in consumer media, insurance risk, property information, education technology and events & exhibitions. In total, DMGT generates revenues of around £1.2bn.
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| ISIN: | GB00BJQZC279 |
| Category Code: | MSCH |
| TIDM: | DMGT |
| LEI Code: | 4OFD47D73QFJ1T1MOF29 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 93980 |
| EQS News ID: | 1169809 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.