Freepages Group PLC - Re Subsid's Name Change, etc
06 Oktober 1997 - 9:30AM
UK Regulatory
RNS No 7644h
FREEPAGES GROUP PLC
6th October 1997
FREEPAGES GROUP PLC ("FREEPAGES")
FREEPAGES SERVICES TO BE BRANDED AS SCOOT(TM)
FREEPAGES LIMITED CHANGES ITS NAME TO SCOOT (UK) LTD
During the past two years Freepages has successfully
established itself as a player in the interactive classified
directory market place in the UK.
Freepages products and services are constantly evolving and
have attained a high level of consumer and advertiser
awareness. However, the anticipated acceleration in the
development of products and services, coupled with the
companys strategic plan to offer a pan-European service, has
paved the way for a review of the current brand values,
recognition and potential for evolution.
It has become clear that, in order to realise the full
potential of the overall strategy, a 'single' European brand
proposition is paramount.
The conclusion of extensive research in the UK and the very
successful launch of Scoot (NL) in the Netherlands has led to
the decision to brand the UK operation as Scoot(TM).
In connection with the re-branding, Freepages Limited,
the principal UK trading subsidiary of Freepages Group plc,
is changing its name to Scoot (UK) Ltd.
Freepages believes that the Scoot brand/personality is
transportable and appealing on a worldwide basis. This
development will enable the UK operation to move away from the
restrictive perception of Freepages as a pure directory
service and allow it to position itself as a generic
information service connecting buyers with sellers.
The newly developed brand, created by the market-leading brand
building agency 'Wolff Olins', will personify the brand values
of 'Fast, Finder, Friendly, Fun'. The distinctive nature and
flexibility of the new brand will enhance Freepages' core
business and enable it to launch a range of new and improved
services including call completion, value added content,
internet partnerships and other services.
The entire Company is wholeheartedly committed to the
initiative and believes that it will facilitate the Companys
ambition to become a household name throughout Europe.
The re-branding exercise will be launched over a ten day
period. Freepages Limiteds change of name to Scoot (UK) Ltd
will take place on 6 October 1997 and will have immediate
effect. The Call Centre and Operations will switch from 8
October 1997. The consumer launch will take place from 15
October 1997 onwards.
The re-branding exercise will result in a one-off exceptional
cost of approximately #1.5 million which will be charged in
the fourth quarter of the Companys financial year ended 30
September 1997.
Copies of this announcement will be available for at least the
next fourteen days from the offices of Freepages at
Information House, Parkway Court, Oxford, OX4 2JY and will be
posted to shareholders.
Scoot(TM) is a leading provider of branded communications
services, providing buyers with powerful decision-making
information and connecting them directly with sellers through
mass distribution channels.
For further information please contact:
Freepages Group Plc
01865 380192
Robert Bonnier Chief Executive Officer
Ronald Dorjee Chief Financial Officer
Miranda Cleverdon Director, Corporate Communications
Martin van den Oetelaar Director, International Marketing
Buchanan Communications
0171 466 5000
Mark Edwards
END
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