Directorate Change

RNS Number : 6640L

Photo-Me International PLC

16 May 2022

 

16 May 2022

PHOTO-ME INTERNATIONAL PLC

("Photo-Me" or the "Group")

Directorate Change

Photo-Me International plc (PHTM.L), the instant-service equipment group, announces the resignation of Sigieri Diaz Della Vittoria Pallavicini as an Independent Non-executive Director for personal reasons with immediate effect.

Sir John Lewis, Non-executive Chairman, said:

"On behalf of both the Board and the Company, I would like to extend my sincere thanks to Sigieri and wish him all the best in his future endeavours."

Enquiries:

Photo-Me International plc	[phone] [e-mail]
Del Mansi, Company Secretary
Hudson Sandler	[phone]   [e-mail]
Charlotte Cobb Nick Moore

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, launderettes, B2B services

· 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.photo-me.com

 

END

 

 

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