Bonhill Group PLC Disposal of Growth Company Investor
25 September 2020 - 6:27PM
RNS Non-Regulatory
TIDMBONH
Bonhill Group PLC
25 September 2020
RNS reach
Bonhill Group plc
("Bonhill", the "Company" or the "Group")
Disposal of Growth Company Investor ("GCI")
Bonhill Group plc (AIM: BONH), a leading B2B media business
specialising in three key areas: Business Information, Events and
Data & Insight, announces that it has agreed the sale of the
GCI brand, website and subscriber base to David Thornton, GCI's
Editor, for an undisclosed sum.
GCI, which has published its monthly investment recommendation
newsletter for private investors since 1996, was originally part of
Vitesse Media, the predecessor company to Bonhill. GCI is also the
publishing brand behind the Quoted Company Awards, which were
founded in 2004.
Bonhill Group is focused on the global B2B arena within
financial services while GCI, with its B2C focus, has been a
strategic outlier. In light of the current climate, the Board
believes that it makes strategic sense to dispose of GCI, which has
led to the sale of the title. The Group will provide transitional
support to David until the end of the year to ensure a smooth
handover of the subscriber base, newsletter and website.
Simon Stilwell, CEO of Bonhill, commented:
"David is an experienced fund manager and excellent stock
picker. I wish him and the brand well in this new chapter and I
would like to thank the subscriber base for their support over the
last few years."
David Thornton, Editor of GCI, said: "I would like to thank
Simon and the team at Bonhill Group for their help and support over
the five years of my Editorship and in facilitating the sale of GCI
to me. I am very excited about taking GCI forward and continuing to
provide our loyal subscribers with a top-quality service."
For further enquiries please contact:
+44 (0)20 7250
Bonhill Group plc 7035
Simon Stilwell, Chief Executive
Sarah Thompson, Chief Financial Officer
Shore Capital (Nominated Adviser and Joint +44 (0)20 7408
Broker) 4080
Tom Griffiths
David Coaten
Canaccord Genuity Limited (Joint Broker)
Bobbie Hilliam
Adam James +44 (0)20 7523
Georgina McCooke 8000
Houston (PR Adviser) +44 (0)20 3701
Alexander Clelland 7660
About Bonhill Group plc
Bonhill Group plc is a leading, AIM-quoted, B2B media company
providing Business Information, Events and Data & Insight
propositions to Financial Services, Diversity and Technology
business communities in 25 countries. Bonhill operates fifteen
information websites, publishes three regular print titles, hosts
100 events per annum, offers a portfolio of data & analytics
propositions and provides a range of content marketing
solutions.
The business creates content, sales and marketing opportunities,
networking events and transactional opportunities for its audiences
of entrepreneurs, business owners and managers, CTOs &
technology leaders, asset & wealth managers, and professional
women, in addition to its sponsors, advertising clients and
customers. Flagship brands include: InvestmentNews, Portfolio
Adviser, Fund Selector Asia, What Investment, SmallBusiness.co.uk,
GrowthBusiness.co.uk, Information Age, Women in... events series,
and DiversityQ.
For more information visit www.bonhillplc.com
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END
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