NFC: Next Fifteen Comm: Acquisition

  NFC: Next Fifteen Comm: Acquisition

UK Regulatory Announcement

LONDON

17 February 2014

      Next Fifteen Communications Group plc (“Next 15” or the “Company”)

    Acquisition of Continuous Insight and majority stake in Agent3 Limited

As part of Next 15’s transition towards a digital marketing business, in
January 2013, the Company invested in the start-up digital marketing
consultancy Agent3 Limited (“Agent3”) and took a 45% stake.

On 14 February 2014 Agent3 acquired 100% of Continuous Insight Limited (“CI”)
a business which provides customer and market insight to large B2B enterprise
organisations operating in the IT, Telecommunications and Professional
Services sectors (the “Transaction”). For the ten months to January 2014, CI
delivered revenue of £1.5m and normalised profit before tax of £0.3m.

As part of the Transaction, Next 15’s holding in Agent3 increased to 54%. This
majority stake will therefore result in the consolidation of Agent3 into Next
15’s group accounts going forward, which Next 15 expects to be earnings
accretive.

For further information, please contact:

                                      
Next Fifteen Communications Group plc
                                        
Tim Dyson, Chief Executive              +1 415 350 2801
                                        
Canaccord Genuity Limited
                                        
Simon Bridges                           +44 (0)20 7523 8000
Henry Fitzgerald-O’Connor               

Contact:

Next Fifteen Communications Plc
 
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