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Hyve Group PLC (LSE:HYVE) | RNS | Hyve Group PLC

Hyve Group PLC (LSE:HYVE) | RNS | Hyve Group PLC
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Hyve Group completes Central Asia exit and secures further insurance payments

Hyve Group completes Central Asia exit and secures further insurance payments
April 8, 2021
UK-based exhibition organiser Hyve Group plc has, 8 April, announced a trading update ahead of its interim results for the six months ended 31 March 2021, which will be announced on 18 May 2021.

Trading
In the first half of FY21 the Group ran 12 in-person events, held in Turkey, Russia, Ukraine, China and most recently in India. This brings the total number of events run since the onset of the pandemic to 24. Hyve noted that, while domestic attendance remains high, events were running at a significantly reduced scale given the ongoing international travel restrictions in place due to Covid-19. ....

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Dealmakers - a review of acquisitions in 2020

Steve Monnington, managing director of Mayfield Media Strategies, looks back on M&A activity in 2020. ....

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Hyve Group issues Q1 trading update

Group says near term trading outlook likely to remain 'fluid' in 2021. ....

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Hyve blazes digital monetisation strategy trail with acquisition of Retail Meetup

Hyve blazes digital monetisation strategy trail with acquisition of Retail Meetup
Global events business
Hyve Group has acquired digital event business Retail Meetup for an initial consideration of £18.8m (US$25.2m). The deal includes an earn out capped at £9m based on the EBITDA of the two events scheduled for FY21, payable in Q4 FY21.
The acquisition will be funded through existing debt facilities and cash reserves.
The acquisition adds four high-quality virtual events with potential to scale and provides scope to launch new virtual Shoptalk and Groceryshop events globally across the ecommerce retail sector with nominal additional development cost required. ....

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