Appointment of Joint Corporate Broker

RNS Number : 2158T

Photo-Me International PLC

21 July 2022

 

For immediate release

21 July 2022

PHOTO-ME INTERNATIONAL PLC
("Photo-Me" or the "Group")

Appointment of Joint Corporate Broker

Photo-Me International plc (PHTM.L), the instant-service equipment group, is pleased to announce the appointment of Berenberg as its Joint Corporate Broker with immediate effect.

- Ends -

FOR FURTHER ENQUIRIES:

Photo-Me International plc Serge Crasnianski, Chief Executive & Deputy Chairman Stéphane Gibon, Chief Financial Officer	Tel: [phone] [e-mail]
Berenberg (Joint Corporate Broker)	Tel: [phone]
Richard Andrews / Mark Whitmore / Mara Grasso
Hudson Sandler (PR adviser) Wendy Baker / Charlotte Cobb / Nick Moore	Tel: [phone] [e-mail]

NOTES TO EDITORS

Photo-Me International plc (LSE: PHTM) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 20 countries and its technological innovation is focused on four principal areas:

· Photo.ME  - Photobooths and integrated biometric identification solutions

· Wash.ME  - Unattended laundry services and launderettes

· Print.ME  - High-quality digital printing kiosks

· Feed.ME  - Vending equipment for the food service market

The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa, and the acquisition of SGER (Resto'clock) in June 2021, a French Pizza vending equipment company for the self-service food equipment market. Feed.ME will become a key business area - alongside photobooths and identification (Photo.ME), laundry (Wash.ME), and printing kiosks (Print.ME) - and is a significant part of the Group's future growth strategy.

In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by Photo-Me International plc. The Group pays the site owner a commission based on turnover, which varies depending on the country, location and the type of the machine.

The Group has built long-term relationships with major site owners and its equipment is generally sited in prime locations in areas of high footfall such as supermarkets, shopping malls (indoors and outdoors), public transport hubs, and administration buildings (City Halls, Police etc.). Equipment is maintained and serviced by an established network of 650 field engineers.

The Company's shares have been listed on the London Stock Exchange since 1962.

ME Group is a trademark and trading name of Photo-Me International plc.

www.me-group.com

 

END

 

 

MSCBKKBKKBKBCOB