THE MARKETING GROUP PLC NICE & POLITE SUBSIDIARY LIQUIDATION
Published on January 23, 2018
Nice & Polite Subsidiary Liquidation
London – 23 January 2018 – The Marketing Group plc (“TMG” or the “Group” or the “Company”) notes the recent speculation regarding the Group’s subsidiary Nice & Polite Ltd (“Nice & Polite”). The Company confirms it let Nice & Polite go into liquidation on 18 December 2017 following a Court Order to wind up the business and the Group’s desire to appropriately streamline its corporate structure. Nice & Polite was not material to the Group’s financial performance, having made a loss after tax of approximately £6,000 in the year to 31 December 2017.
Ross Anderson, formerly Managing Director of Nice & Polite, remains with the Group, driving content related activities and the liquidation of Nice & Polite has not affected the Group’s commercial offering.
For further information please contact:
Adam Graham, CEO
Phone: +44 (0)7710 244573
Phone: +44 (0) 203 934 6630
The Marketing Group plc (“TMG”) in brief
TMG is building a global full-service marketing network, powered by technology, that provides a fresh alternative for global brands that want to see more bang for their buck. With offices in America, Europe, Asia and Australasia, TMG’s collaborative network of agencies provide a holistic service to deliver highly effective results.
The Marketing Group is listed on Nasdaq First North, Stockholm. www.tmg-plc.com.
Mangold Fondkommission AB, +46 8-5030 15 50, is the company’s Certified Adviser and liquidity provider.