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Media speculation in respect of Cazoo

·2-min read

Daily Mail and General Trust plc (DMGT)
19-Feb-2021 / 15:19 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
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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

Investors:

 

Tim Collier, Group CFO

+44 20 3615 2902

Adam Webster, Head of Investor Relations

+44 20 3615 2903

 

 

Media:

Doug Campbell, Teneo

 

+44 7753 136628

Paul Durman, Teneo

+44 7793 522824

 

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.

 

 


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

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