leadf
logo-loader
RNS
viewGB Group

GB Group PLC - Sale of GBG Marketing Services

RNS Number : 6145L
GB Group PLC
14 January 2021
 

 

 

Embargoed until 7.00 a.m.

14 January 2021

 

GB GROUP PLC

("GBG", the "Group" or the "Company")

 

Sale of GBG Marketing Services

 

GBG, the identity data intelligence specialist, is pleased to announce that it has sold its Marketing Services division to HH Global Interactive Limited ("HH Interactive"), a subsidiary of HH Global Group Limited ("HH Global"). 

 

This sale supports GBG's strategic focus on its core global capabilities in Location Intelligence, Identity Verification and Fraud Prevention. As a consequence of this strategic focus revenues from Marketing Services have declined in recent years and in FY20 accounted for approximately 2% of Group revenues.

 

HH Interactive provides a comprehensive suite of marketing services and this transaction will allow GBG's customers to benefit from a broader range of technology and services now required by marketing departments.

 

Chris Clark, GBG's CEO, commented: "We are pleased to have found a very capable new owner for our Marketing Services team and customers.   HH Interactive has the capability to provide a rich set of marketing-related services and can respond more completely to the increasing needs of our marketing services customers."

 

- Ends -

 

For further information, please contact:

 

GBG

Chris Clark, CEO & Dave Wilson, CFO & COO

 

+44 (0) 1244 657333

Peel Hunt LLP (Nominated Adviser and Broker)

Edward Knight, Paul Gillam & Nick Prowting

 

+44 (0) 20 7418 8900

+44 (0) 20 7418 8914

 

Tulchan Communications LLP

James Macey White, Matt Low & Tom Blundell

 

+44 (0) 20 7353 4200

GBG@tulchangroup.com

 

Website

www.gbgplc.com/investors



 

 

About GBG

GBG offers a range of solutions that help organisations quickly validate and verify the identity and location of their customers.

 

Our market-leading technology, data and expertise help our customers improve digital access, deliver a seamless experience and establish trust, so that they can transact quickly, safely and securely with their customers online. 

 

Headquartered in the UK and with over 1,000 team members across 16 countries, we work with 20,000 customers in over 70 countries. Some of the world's best-known businesses rely on GBG to provide digital services and keep the economy moving, from US e-commerce giants to Asia's biggest banks and European household brands.  

 

To find out more about how we help our customers establish trust with their customers, visit www.gbgplc.com and follow us on LinkedIn and Twitter @gbgplc. 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISDKNBNOBKDFDD

Quick facts: GB Group

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

3 min read