Admission and First Day of Dealings

RNS Number : 1719S

Everyman Media Group PLC

07 November 2013

 



Everyman Media Group plc ("Everyman" or the "Company")

Admission and First Day of Dealings

Everyman Media Group plc (AIM: EMAN), a leading independent cinema chain, is pleased to announce its admission to trading on AIM today. Dealings in the Company's ordinary shares will trade under the TIDM EMAN.

Summary

·    The placing has raised approximately £8.1 million, before expenses, through the placing of 9,760,820 ordinary shares

·    The number of ordinary shares in issue immediately after admission will be 36,291,024, giving the Company a market capitalisation of £31.1 million at the placing price of £0.83 per ordinary share.

·    The net proceeds received from the Placing will be principally used to enable the Company to proceed with its expansion strategy and the balance used to strengthen the working capital of the Company.

·    Cenkos Securities is acting as Nominated Adviser and Broker to the Company

About Everyman

The Company is a leading independent cinema group in the UK. The Company currently owns and operates ten cinemas based in London, the South East of England and Leeds. The cinemas owned by the Company are operated under the 'Everyman' brand.

7 November 2013

Enquiries

Everyman Media Group plc

Andrew Myers                                     Tel: [phone]

Cenkos Securities plc (NOMAD and Broker)

Bobbie Hilliam                                     Tel: [phone] 

 

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