Potential Disposal
May 15 2008 - 6:49AM
UK Regulatory
RNS Number : 5253U
First Artist Corporation PLC
15 May 2008
Date: 15th May 2008
On behalf of: First Artist Corporation plc ("First Artist" or "the Group")
For immediate release
First Artist Corporation plc
Potential Disposal
Following recent press speculation, the Board of First Artist (AIM: FAN), the media, events and entertainment management group,
announces that it has received a preliminary proposal which could lead to the disposal of Dewynters Limited ("Dewynters").
Dewynters is a wholly-owned subsidiary of First Artist and is the UK entertainment industry's leading full-service agency, providing
marketing, design, advertising, promotions and digital media across a broad spectrum, and with a merchandising operation in the USA.
Discussions are at a very early stage and there can be no certainty as to the outcome. A further announcement will be made as
appropriate.
- Ends -
Enquiries:
First Artist Corporation plc Tel: 020 7993 0000
Jon Smith, Chief Executive www.firstartist.com
Redleaf Communications Tel: 020 7822 0200
Emma Kane / Sanna Sumner / Mike Ward FirstArtist@redleafpr.com
Dawnay, Day Corporate Finance Limited, NOMAD Tel: 020 7509 4570
Christian Littlewood
David Floyd
Notes to Editors:
* First Artist Corporation plc floated on AIM in 2002
* First Artist's group companies are among the leading brands in their fields under the following categories:
* Media - advertising, marketing and signage for West End, Broadway and Las Vegas shows via the Dewynters and Newman Displays
brands, and strategic sponsorship consulting via Sponsorship Consulting and First Rights
* Management - representation of media personalities and football players/clubs across UK, Europe and the US via its First Artist
Sport and First Artist Entertainment companies together with wealth management under its Optimal Wealth Management arm
* Events - offers a broad range of events such as conferences, company activity days, venue finding, delegate management and client
events for private and public sector clients such as the Training & Development Agency, under its Finishing Touch business
* First Artist is acting as a consolidator in the fragmented media, entertainment and events sectors focusing on high quality brands
with the potential to cross sell to other Group companies
* First Artist has strong visibility of earnings across a diverse and non-cyclical range of activities in both live and digital
formats
* The Group benefits from a strong, experienced management team with extensive expertise across all the sectors in which it
operates
This information is provided by RNS
The company news service from the London Stock Exchange
END
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