Contract Renewal with The Guardian
Smiths News secured a new long-term contract with The Guardian extending through 2031 across all UK distribution territories.
- Long-term contract coverage through to 2029 over 96%
- Contract period to 2031
Select text to share a quote on X · sign in to keep highlights & notes in your SNWS notes
Smiths News, (LSE: SNWS), the UK's largest news wholesaler and a leading provider of early morning end-to-end supply chain solutions, is pleased to announce that it has successfully secured a new long-term contract with Guardian News and Media ("The Guardian").
The new contract with The Guardian is for all of Smiths News's current distribution territories in the UK through to 2031.
Following this agreement Smiths News has now formally secured long-term contracts with over 96% of its newspaper and magazine revenues through to 2029.
Jon Bunting, Chief Executive Officer, commented:
"I am delighted that we have agreed a new contract with The Guardian, marking the last of the material newspaper and magazine contracts due for renewal in the 2024-2026 contract round.
The extent of our long term contracts with publishers continues to demonstrate the pivotal role Smiths News plays in the early morning supply chain."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.