Ascential addresses changes to its structure

Media and consulting company, Ascential is still exploring the merits of controlled separation of certain group assets according to the company on Monday addressing media speculation about changes to the group’s structure.

Ascential has taken note of recent media speculation about the group’s structure.

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Ascential’s Board members examine the best organisational and capital structure for the business regularly to ensure both the successful fulfilment of the group’s plan for the benefit of our customers and the maximisation of shareholder value.

Ascential says that it is still investigating the merits of controlled disposal of some of the group’s assets.

As these conversations are exploratory in nature, the Board may or may not decide to proceed with a controlled separation of these businesses in the future.

However, the Board is committed to open and transparent communication with all of its stakeholders as well as providing additional information as needed.

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Ascential shares rebounded on Monday with an increase of 5% to 346p after the company addressed recent media speculations.

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