Johnston Press plc http://www.alacrastore.com/company-snapshot/Johnston_Press_plc-1027264 Saturday, August 30, 2008 10:16:15 AM 1027264 Johnston Press plc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/ccbn/T1923415ccbn/T1923415norm... - Johnston Press Plc - CEORight. Well, we are a few minutes late, so welcome to the Johnston Press #### interims. Good to see you all. So many tanned faces. You've clearly all been enjoying the British summer. I have to say, in Edinburgh we haven't seen the sun for weeks, and that's outside the office. However, just to introduce quickly, I'm Tim Bowdler, Chief Executive of Johnston Press, Danny Cammiade, here on my left, is Chief Operating Officer, and Stuart Paterson, Chief Financial Officer. And if we look at, briefly, what we're going to talk about today, one or two introductory comments from me. Stuart will then take you through the numbers, Danny through a number of operational issues, and then I'll finish off, talking a little bit about the focus of the business, and give you a flavor of the outlook as we see it. I'm not going to read through these numbers. You'll have read the press announcement. You'll know what the key numbers look. I suppose the key points to draw out are the... 8/27/2008 12:04:27 PMJohnston Press plc106.0000FinalInterim 2008 Johnston Press plc Earnings Conference Call TranscriptJPR.L9:00am UKTTranscriptT1923415Credit & Investment ResearchThomson Street EventsUK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire a ##.##% stake, or ##.# mil ordinary shares, in Johnston Press PLC (JP), an Edinburgh-based publisher of newspapers and websites, for #.### British pounds ($#.### US) per share, or a total value of ##.### mil pounds ($##.### mil), in a privately negotiated transaction. Concurrently, GL agreed to acquire an ##.#% stake, or ## mil ordinary shares, in JP, from members of the Johnston Press family, family trusts, and other undisclosed sellers, in a privately negotiated transaction.5/15/2008 2:37:41 PM39880V47935T91730P47935TGromwell LtdJohnston Press PLCUsaha Tegas Sdn BhdJohnston Press PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Gromwell_Ltd_acquires_a_minority_stake_in_Johnston_Press_PLC-1977632040sdc/19776320401977632040Copyright © 2008, Thomson Financial, All Rights ReservedBusiness ServicesUnited KingdomBusiness consulting services, nec8748FFForeignSubsidiary8742:Management consulting services8748:Business consulting services, nec6719:Offices of holding companies, nec6799:Investors, nec8742:Management consulting services8748:Business consulting services, necLondonPrinting, Publishing, and Allied ServicesUnited KingdomNewspapers: publishing, or publishing & printing2711FFForeignPublicJPR1010610001Pvd consulting svcs;hldg coPublish newspaper,websitesCashCash OnlyOrdinary Share132030001May 15 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.00000Gromwell Ltd providesconsulting services. Thecompany is headquartered inthe UK.Gromwell Ltd provides consulting services. The company isheadquartered in the UK.Gromwell Ltd provides consulting services. The company is headquartered in the UK.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.00000Johnston Press PLC, based inEdinburgh, UK, publishesnewspapers and websites, whichis solely focused on theregional press sector. TheGroup publishes 318 local andregional newspapers across theUK and the Republic of Ireland(RoI), including 18 daily, 164paid-weekly, 134 free-weeklyand 2 Sunday titles. It alsopublishes a range of otherpublications, such aslifestyle magazines andclassified directories. Thecompany was founded in 1767.Johnston Press PLC, based in Edinburgh, UK, publishesnewspapers and websites, which is solely focused on theregional press sector. The Group publishes 318 local andregional newspapers across the UK and the Republic ofIreland (RoI), including 18 daily, 164 paid-weekly, 134free-weekly and 2 Sunday titles. It also publishes a rangeof other publications, such as lifestyle magazines andclassified directories. The company was founded in 1767.Johnston Press PLC, based in Edinburgh, UK, publishes newspapers and websites, which is solely focused on the regional press sector. The Group publishes 318 local and regional newspapers across the UK and the Republic of Ireland (RoI), including 18 daily, 164 paid-weekly, 134 free-weekly and 2 Sunday titles. It also publishes a range of other publications, such as lifestyle magazines and classified directories. The company was founded in 1767.0.000000.000000.00000288.38000YBritish Pound14 May 08Wed, 14 May 2008 00:00:00 ESTDate Announced: 05/14/2008Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000001.35800Price/Share0.0000042.761 British Pound42.76100391.6240042.761 British Pound42.761000.000000.000002.642002.6420042.7610042.761 British Pound1.94500N42.761000.000000.000000.000000.000000.0000083.1790083.179000.000000.000000.000000.000000.000000.000000.0000010.923000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.00000UK - Gromwell Ltd (GL), awholly-owned unit of UsahaTegas Sdn Bhd, agreed toacquire a 10.92% stake, or31.5 mil ordinary shares, inJohnston Press PLC (JP), anEdinburgh-based publisher ofnewspapers and websites, for1.358 British pounds ($2.641US) per share, or a totalvalue of 42.761 mil pounds($83.179 mil), in a privatelynegotiated transaction.Concurrently, GL agreed toacquire an 11.1% stake, or 32mil ordinary shares, in JP,from members of the JohnstonPress family, family trusts,and other undisclosed sellers,in a privately negotiatedtransaction.UK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire a 10.92% stake, or 31.5 mil ordinary shares, in Johnston Press PLC (JP), an Edinburgh-based publisher of newspapers and websites, for 1.358 British pounds ($2.641 US) per share, or a total value of 42.761 mil pounds ($83.179 mil), in a privately negotiated transaction. Concurrently, GL agreed to acquire an 11.1% stake, or 32 mil ordinary shares, in JP, from members of the Johnston Press family, family trusts, and other undisclosed sellers, in a privately negotiated transaction.UK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire a10.92% stake, or 31.5 mil ordinary shares, in Johnston Press PLC (JP), an Edinburgh-basedpublisher of newspapers and websites, for 1.358 British pounds ($2.641 US) per share, or atotal value of 42.761 mil pounds ($83.179 mil), in a privately negotiated transaction.Concurrently, GL agreed to acquire an 11.1% stake, or 32 mil ordinary shares, in JP, frommembers of the Johnston Press family, family trusts, and other undisclosed sellers, in aprivately negotiated transaction.UK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire a 10.92% stake, or 31.5 mil ordinary shares, in Johnston Press PLC (JP), an Edinburgh-based publisher ofnewspapers and websites, for 1.358 British pounds ($2.641 US) per share, or a total value of 42.761 mil pounds ($83.179 mil), in a privately negotiated transaction. Concurrently, GL agreed to acquirean 11.1% stake, or 32 mil ordinary shares, in JP, from members of the Johnston Press family, family trusts, and other undisclosed sellers, in a privately negotiated transaction.UK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire a 10.92% stake, or 31.5 mil ordinary shares, inJohnston Press PLC (JP), an Edinburgh-based publisher of newspapers and websites, for 1.358 British pounds ($2.641 US) per share, or atotal value of 42.761 mil pounds ($83.179 mil), in a privately negotiated transaction. Concurrently, GL agreed to acquire an 11.1% stake,or 32 mil ordinary shares, in JP, from members of the Johnston Press family, family trusts, and other undisclosed sellers, in a privatelynegotiated transaction.$ 83.179 - UBS Investment Bank - Adv0.00000UBS Investment Bank1.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002711:Newspapers: publishing, or publishing & printing2721:Periodicals: publishing, or publishing & printing2741:Miscellaneous publishing244249001Malaysia8748ForeignPrivate2711:Newspapers: publishing, or publishing & printing2721:Periodicals: publishing, or publishing & printing2741:Miscellaneous publishing132030001LondonUnited Kingdom2711ForeignPublicJPR83.1790042.7610083.1790042.76100Deal InformationThomson Financial Mergers & AcquisitionsUK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire an ##.#% stake, or ## mil ordinary shares, in Johnston Press PLC (JP), an Edinburgh-based publisher of newspapers and websites, from members of the Johnston Press family, family trusts, and other undisclosed sellers, for #.### British pounds ($#.### US) per share, or a total value of ##.## mil pounds ($##.# mil), in a privately negotiated transaction. Upon completion, GL was to own ##% of the increased share capital of JP. Concurrently, GL agreed to acquire a ##.##% stake, or ##.# mil ordinary shares, in JP, in a privately negotiated transaction.5/15/2008 2:37:41 PM39880V47935T91730P47935TGromwell LtdJohnston Press PLCUsaha Tegas Sdn BhdJohnston Press PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Gromwell_Ltd_acquires_a_minority_stake_in_Johnston_Press_PLC-1977641040sdc/19776410401977641040Copyright © 2008, Thomson Financial, All Rights ReservedBusiness ServicesUnited KingdomBusiness consulting services, nec8748FFForeignSubsidiary8742:Management consulting services8748:Business consulting services, nec6719:Offices of holding companies, nec6799:Investors, nec8742:Management consulting services8748:Business consulting services, necLondonPrinting, Publishing, and Allied ServicesUnited KingdomNewspapers: publishing, or publishing & printing2711FFForeignPublicJPR1010610001Pvd consulting svcs;hldg coPublish newspaper,websitesCashCash OnlyOrdinary Share132030001May 15 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.00000Gromwell Ltd providesconsulting services. Thecompany is headquartered inthe UK.Gromwell Ltd provides consulting services. The company isheadquartered in the UK.Gromwell Ltd provides consulting services. The company is headquartered in the UK.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.00000Johnston Press PLC, based inEdinburgh, UK, publishesnewspapers and websites, whichis solely focused on theregional press sector. TheGroup publishes 318 local andregional newspapers across theUK and the Republic of Ireland(RoI), including 18 daily, 164paid-weekly, 134 free-weeklyand 2 Sunday titles. It alsopublishes a range of otherpublications, such aslifestyle magazines andclassified directories. Thecompany was founded in 1767.Johnston Press PLC, based in Edinburgh, UK, publishesnewspapers and websites, which is solely focused on theregional press sector. The Group publishes 318 local andregional newspapers across the UK and the Republic ofIreland (RoI), including 18 daily, 164 paid-weekly, 134free-weekly and 2 Sunday titles. It also publishes a rangeof other publications, such as lifestyle magazines andclassified directories. The company was founded in 1767.Johnston Press PLC, based in Edinburgh, UK, publishes newspapers and websites, which is solely focused on the regional press sector. The Group publishes 318 local and regional newspapers across the UK and the Republic of Ireland (RoI), including 18 daily, 164 paid-weekly, 134 free-weekly and 2 Sunday titles. It also publishes a range of other publications, such as lifestyle magazines and classified directories. The company was founded in 1767.0.000000.000000.00000288.38000YBritish Pound14 May 08Wed, 14 May 2008 00:00:00 ESTDate Announced: 05/14/2008Date Effective:Acq. Part. Int.Neutral0.000000.000000.000000.000000.000001.35800Price/Share0.0000043.44 British Pound43.44000391.6240043.44 British Pound43.440000.000000.000002.642002.6420043.4400043.44 British Pound1.94500N43.440000.000000.000000.000000.000000.0000084.4990084.499000.000000.000000.000000.000000.000000.000000.0000011.096000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.00000UK - Gromwell Ltd (GL), awholly-owned unit of UsahaTegas Sdn Bhd, agreed toacquire an 11.1% stake, or 32mil ordinary shares, inJohnston Press PLC (JP), anEdinburgh-based publisher ofnewspapers and websites, frommembers of the Johnston Pressfamily, family trusts, andother undisclosed sellers, for1.358 British pounds ($2.641US) per share, or a totalvalue of 43.44 mil pounds($84.5 mil), in a privatelynegotiated transaction. Uponcompletion, GL was to own 10%of the increased share capitalof JP. Concurrently, GL agreedto acquire a 10.92% stake, or31.5 mil ordinary shares, inJP, in a privately negotiatedtransaction.UK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire an 11.1% stake, or 32 mil ordinary shares, in Johnston Press PLC (JP), an Edinburgh-based publisher of newspapers and websites, from members of the Johnston Press family, family trusts, and other undisclosed sellers, for 1.358 British pounds ($2.641 US) per share, or a total value of 43.44 mil pounds ($84.5 mil), in a privately negotiated transaction. Upon completion, GL was to own 10% of the increased share capital of JP. Concurrently, GL agreed to acquire a 10.92% stake, or 31.5 mil ordinary shares, in JP, in a privately negotiated transaction.UK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire an11.1% stake, or 32 mil ordinary shares, in Johnston Press PLC (JP), an Edinburgh-basedpublisher of newspapers and websites, from members of the Johnston Press family, familytrusts, and other undisclosed sellers, for 1.358 British pounds ($2.641 US) per share, ora total value of 43.44 mil pounds ($84.5 mil), in a privately negotiated transaction. Uponcompletion, GL was to own 10% of the increased share capital of JP. Concurrently, GLagreed to acquire a 10.92% stake, or 31.5 mil ordinary shares, in JP, in a privatelynegotiated transaction.UK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire an 11.1% stake, or 32 mil ordinary shares, in Johnston Press PLC (JP), an Edinburgh-based publisher of newspapersand websites, from members of the Johnston Press family, family trusts, and other undisclosed sellers, for 1.358 British pounds ($2.641 US) per share, or a total value of 43.44 mil pounds ($84.5 mil),in a privately negotiated transaction. Upon completion, GL was to own 10% of the increased share capital of JP. Concurrently, GL agreed to acquire a 10.92% stake, or 31.5 mil ordinary shares, in JP,in a privately negotiated transaction.UK - Gromwell Ltd (GL), a wholly-owned unit of Usaha Tegas Sdn Bhd, agreed to acquire an 11.1% stake, or 32 mil ordinary shares, inJohnston Press PLC (JP), an Edinburgh-based publisher of newspapers and websites, from members of the Johnston Press family, familytrusts, and other undisclosed sellers, for 1.358 British pounds ($2.641 US) per share, or a total value of 43.44 mil pounds ($84.5 mil),in a privately negotiated transaction. Upon completion, GL was to own 10% of the increased share capital of JP. Concurrently, GL agreedto acquire a 10.92% stake, or 31.5 mil ordinary shares, in JP, in a privately negotiated transaction.$ 84.499 - UBS Investment Bank - Adv0.00000UBS Investment Bank1.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002711:Newspapers: publishing, or publishing & printing2721:Periodicals: publishing, or publishing & printing2741:Miscellaneous publishing244249001Malaysia8748ForeignPrivate2711:Newspapers: publishing, or publishing & printing2721:Periodicals: publishing, or publishing & printing2741:Miscellaneous publishing132030001LondonUnited Kingdom2711ForeignPublicJPR84.4990043.4400084.4990043.44000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/ccbn/T1832364ccbn/T1832364norm...(AUDIO ALREADY IN PROGRESS) -- to confront the issue of concern over the level of debt in the business. I think I should stress that the Company is not in breach of ITS bank covenants, but the Company has taken the view that this is the right time to strengthen the balance sheet. And we're extremely pleased that one of the ways we've been able to do that strengthening is by bringing in a strategic investor who's very supportive of the Company's strategy as we make the transition which you're all aware of from being essentially a local printing newspaper business to being a digital community meeting company.Tim is now going to take you through this in detail, at the end of which we'll be very happy to answer any questions. Tim? ... 5/14/2008 5:06:00 PMJohnston Press plc54.0000FinalJohnston Press plc Interim Management Statement and Rights Issue and Subscription - Conference Call TranscriptJPR.L8:30am UKTTranscriptT1832364Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/bir/478971bir/478971normJohnston Press PLCUnited KingdomManufacturing: Publication and printing of local and regional weekly, morning and evening newspapers, both paid-for and free, together with associated web-sites. Also produce specialist print publications27115111109HKJPR4/9/2008 6:19:00 AM478971Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/ccbn/T1784989ccbn/T1784989norm... - Johnston Press plc - Non-Executive Chairman Right, as I'm sure you're anxious to be getting on with it, let's start. I guess you all know the three of us, I'm Roger Parry, I'm the Non-Exec Chairman; Tim Bowdler who is the very executive Chief Executive and Stuart -- Stuart Paterson who is the Finance Director. I'm just going to very, very briefly introduce the presentation over three slides and then leave it to my colleagues. The results that you are analyzing this morning, I think in simple terms really reflect the company's response, the management's response to two big challenges that you're all aware of. The structural challenge of the arrival of digital media and the cyclical challenge of what's happening to the UK economy and particularly how that affects our three big income streams of motors, jobs and property classified. And to some extent these results really reflect a balance of our response to those two challenges. In response to the cyclical challenge we've done what Johnston... 3/5/2008 12:06:00 PMJohnston Press plc54.0000FinalPreliminary 2007 Johnston Press plc Earnings Presentation TranscriptJPR.L9:00am UKTTranscriptT1784989Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/hmsc/1880-pdfhmsc/1880-pdfnormHemscott Company Fact Sheets provide business details, share data, valuation metrics, key statistics and dates, progress reports, major shareholders, directors, regulatory news, as well as five-year price charts, trading records and forecasts. 1880Johnston Press PLCJohnston Press PLC10/7/2006 9:30:00 PM1880-pdfJPR98824.00Johnston Press PLC (Company Facts Report)facts1880-pdfCompany Profiles & FinancialsHemscott Group Ltd. Company Reportshttp://www.alacrastore.com/storecontent/hmsc/1880-xlshmsc/1880-xlsnorm1880Johnston Press PLCJohnston Press PLC10/7/2006 9:30:00 PMJPR98739.00Johnston Press PLC (Company Insight Report)insight1880-xlsCompany Profiles & FinancialsHemscott Group Ltd. Company Reports