Informa acquires Clarion Events

London, 6th October: Informa PLC announced to acquire Clarion, a leading international B2B Live Events business with a portfolio across various categories for about £2.24 billion (US$3.04 billion).

Due to the acquisition of Clarion, Informa will further strengthen its position in B2B Live Events.

The Equity Issue is to comprise the issue of new ordinary shares of 0.1 pence each in the capital of the company through:

·       a non-pre-emptive placing of up to approximately £940 million (US$1.28 billion) to eligible institutional investors at the Placing Price of New Ordinary Shares;

·       a retail offer via RetailBook to provide retail investors in the United Kingdom with an opportunity to acquire New Ordinary Shares at the Placing Price; and

·       certain directors and the executive management team of the company will subscribe of the New Ordinary Shares, representing up to £1.6 million in aggregate of New Ordinary Shares, in each case at the Placing Price.

Stephen A. Carter, Group Chief Executive, Informa, was quoted, “The planned separation of Taylor & Francis coincides with further expansion in B2B through the £2.24 billion acquisition of Clarion, the UK-based owner of more than 100 B2B Live Event brands. The combination will underscore Informa as the UK-listed, international leader in B2B Live Events, with annual Group revenues exceeding US$6 billion and underlying revenue growth of 7%±.”