Confirmation regarding Trading Update

RNS Number : 7343X

Bidstack Group PLC

20 December 2019

 

Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").  Upon publication of this Announcement, this information is considered to be in the public domain.

20 December 2019

BIDSTACK GROUP PLC

('Bidstack' or 'the Company')

Confirmation regarding Trading Update

Bidstack Group plc (AIM: BIDS), confirms that its announcement of 19 December 2019, regarding entering into a "Milestone Advertising Trading Agreement" with a global marketing services group, results in no change to its comments about the Company's revenues in 2019 and 2020 contained in its "Trading Update" announcement issued on 18 December 2019.  At the time the Trading Update was released, the Board had already taken into account the potential impact of this agreement on its 2020 revenues, in anticipation that this agreement would eventually be signed.

In addition, the Board confirms that the phrase "gross media expenditure" referred to in the announcement of 19 December 2019 should be regarded, if received, as payments by the agency which will be treated as revenues in Bidstack's financial statements.

- Ends -

Contacts:

Bidstack Group Plc James Draper, CEO	via Buchanan
SPARK Advisory Partners Limited (Nomad) Mark Brady/Neil Baldwin/James Keeshan	[phone]
Stifel Nicholas Europe Limited (Broker) Fred Walsh/Neil Shah	[phone]
Buchanan Communications Limited Chris Lane / Stephanie Watson / Kim van Beeck [e-mail]	[phone]

Notes to editors:

About Bidstack

Bidstack is an advertising technology company which provides dynamic, targeted and automated native in-game advertising for the global video games industry across multiple platforms. Its proprietary API technology is capable of inserting adverts into natural advertising space within video games across multiple video games platforms (mobile, PC and console).

Bidstack's customers are games publishers and developers and advertising agencies, brands and programmatic advertising platforms. Bidstack contracts exclusive access to the native in-game advertising space within video games from their developers or publishers and sells that advertising space either direct to specific brands and their agencies or through programmatic advertising platforms.

 

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