Trading Update

RNS Number : 8001L

Everyman Media Group PLC

24 July 2017

 

Everyman Media Group plc

('Everyman' or the 'Group')

Trading Update

Everyman Media Group plc is issuing this trading update prior to the intended announcement of its Interim Results on 6^th September 2017 for the six months ended 29^th June 2017.

The Group ended the six months to 29^th June 2017 operating 21 cinemas, with Stratford-upon-Avon having opened during the period.

The Group remains on track to open a permanent three screen cinema in Kings Cross in November this year.  In addition, contracts have been exchanged on the acquisition of a 28-year lease for the existing five screen Reel cinema in York, which is expected to be fully refurbished and open as an Everyman in early 2018.

Demand for the Everyman offer continues to strengthen and the Group is excited to announce that new contracts have been exchanged for venues in Borough Market (2020), Liverpool (2018) and Newcastle (2018) which, along with those previously announced, commits the Group to a total of nine more venues.

In summary, the Group has performed in line with expectations in the first six months of 2017, the Board is confident of a successful outcome for the full year and the pipeline is continuing to be developed in line with investors' expectations.

24 July 2017

For further information, please contact:
Everyman Media Group plc Crispin Lilly	Tel: [phone]
Cenkos Securities plc (NOMAD and Broker) Bobbie Hilliam	Tel: [phone]

 

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