Quercus Publishing plc

June 28, 2012 06:00 ET


                                                                                               28 June 2012
                                          QUERCUS PUBLISHING PLC
                                              (the "Company")
                                   ANNUAL GENERAL MEETING TRADING UPDATE
At  the  Annual  General Meeting of Quercus Publishing Plc held today in London, the Chief Executive,  Mark
Smith,  gave the following update on the Company's trading performance during the first five months of  its
current financial year.

'I  am pleased to report that the Company has traded in line with expectations in the first five months  of
2012,  with  overall  performance meeting our forecasts. With the contribution from the  Larsson  franchise
declining as expected, the financial results are projected to have a more traditional seasonality than  has
been experienced over the last two years.'

'Digital  revenues have continued to accelerate and accounted for 25% of total sales over  the  five  month
period.  With  more  reading devices being sold, upgraded models due for release and new  entrants  to  the
market, we see digital revenues remaining robust over the remainder of the year.'

'Katie  Piper's  Things  Get Better and Peter May's The Lewis Man appeared in  the  Sunday  Times  Top  Ten
Bestsellers  list.  Other notable successes in the period were Alison Littlewood's   A  Cold  Season,  Elly
Griffiths' A Room Full of Bones, Christie Watson's Tiny Sunbirds Far Away and Kathryn Bonella's Hotel K.

The  Company  continues  to have a debt-free balance sheet with a strong cash position  and  the  Directors
believe  the  investments we have made in staff, infrastructure and intellectual property will continue  to
deliver increasing returns to shareholders in the short, medium and long term.

The Directors note the recent purchase of the PLUS Stock Exchange by ICAP and are pursuing discussions with
the  new  management in order to complete a thorough analysis of the options available to  the  Company  in
regard to its stock market listing.

At the Annual General Meeting, all resolutions were duly passed.

The Directors of Quercus Publishing Plc are responsible for this announcement.

Enquiries to:

Mark Smith, Chief Executive                                          Tel: 020 7291 7200

Mark Anwyl or Duncan Vasey                                           Tel: 020 7368 6959

Media Enquiries:
ATTILA CONSULTANTS                                                   Tel: 020 7776 8825
Charles Cook                                                      Mobile: 0771 091 0563

Contact Information

  • Quercus Publishing plc