LandSec Contract Extension

RNS Number : 3941U

SpaceandPeople PLC

06 April 2021

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

SpaceandPeople plc

("SpaceandPeople" or the "Group")

Extension of Agreement with Landsec

SpaceandPeople plc (AIM:SAL) is delighted to announce that it has extended its commercialisation agreement with Land Securities Properties Limited ("Landsec") for the provision of experiential activity and short-term retailing until 2026 (the "Agreement").

The Agreement covers Landsec's portfolio of 35 shopping centres, retail parks and leisure destinations and with the exception of a small number of venues, where we will work alongside Landsec on brand experience bookings, SpaceandPeople will continue to be the exclusive provider of the services.

Nancy Cullen, CEO of SpaceandPeople said: "I am delighted that we have further extended our relationship with one of the UK's leading retail owners and operators. This will enable us to continue to develop and deliver innovative and engaging activity into some of the country's most iconic and attractive retail destinations."

Mark Warne, Commercial Partnerships Director at Landsec, said: "We are delighted to have extended our contract with SpaceandPeople across our retail, leisure and office portfolio. We look forward to continuing to work with SpaceandPeople and their team."

For further information, please contact:

SpaceandPeople plc                                                                      0845 241 8215

Nancy Cullen / Gregor Dunlay

Zeus Capital Limited (Nominated Adviser and Broker)  020 3829 5000

David Foreman, Jamie Peel, Rishi Majithia

The person responsible for arranging the release of this information is Gregor Dunlay, CFO of the Company.

 

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