Trading Update

RNS Number : 4183B

Everyman Media Group PLC

10 January 2018

 

10 January 2018

Everyman Media Group PLC

("Everyman" or the "Company")

Trading Update

Everyman Media Group PLC (AIM: EMAN) provides the following trading update for the 52 weeks to 28 December 2017.

The directors of Everyman are pleased to report that trading in 2017 has been in line with market expectations. The Company now operates from 22 venues.

Since its last update, Everyman opened its permanent three-screen venue in Kings Cross in November 2017 and the reconstruction of its Oxted location has also now completed, adding a further two screens to the venue. A four-screen venue in York, opened on 30 December, after the year-end following its acquisition and refurbishment in 2017. The Company expects to open five further venues in 2018.

The Company has continued to source exciting opportunities for future investment in new venues, and the directors are confident of being able to grow the pipeline further. Contracts have now been exchanged on a four-screen venue in Altrincham (opening in 2018), four-screen venues in Lincoln and Cirencester (both opening in 2019), and a three-screen location in Tunbridge Wells, with opening targeted for 2020.

The directors maintain a positive outlook for 2018 and beyond.

For further information, please contact:
Everyman Media Group PLC Crispin Lilly	Tel: [phone]
Cenkos Securities plc (NOMAD and Broker) Bobbie Hilliam Harry Hargreaves	Tel: [phone]
Hope & Glory PR	[e-mail]

 

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