In Brief: WA publisher expands in UK

PERTH-BASED mining publisher, Aspermont Ltd, has agreed to buy English company Mining Communications Ltd in a cash and scrip deal valued at $18.8 million. MCL is the publisher of the 175-year-old Mining Journal and organiser of the Mines & Money conferences. Aspermont already owns 39.3 per cent of MCL and will move to 100 per cent ownership. It will pay $10.2 million in cash and issue 21.9 million Aspermont shares at an issue price of 40 cents. Aspermont said in a statement the acquisition provided a platform from which the enlarged company could develop international information services to the resources industry and, in future, other sectors. “This is an enormously positive step for Aspermont in its strategy to ensure its longterm global position in the mining information sector,” Aspermont chief executive Colm O’Brien said. “The integration of these two companies will also provide an ideal infrastructure base for the launch of products within new sectors in the UK/European Market.” The combined company will have more than 40 products and about 150 staff. Aspermont currently publishes Australia’s Mining Monthly, Contractor, ResourceStocks and Petroleum Magazine, and has developed news websites including www. and www. The company also organises a range of conferences through its conference business Resourceful Events. Staff reporters


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Aspermont (ASP)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
452ndRefresh Group0%14%
541stAvita Medical-10%-10%
735thAdvanced Braking Technology-50%-26%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$12k Bought
$0 Issued
$12k Bought
Total value as at the date of the transaction
Source: Morningstar


90th↑Avita Medical$8.0m
91st↓Advanced Braking Technology$7.7m
94th↓Refresh Group$6.2m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Aspermont

397thAlex Kent$306k
Ranked by total remuneration from all listed WA companies

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