Directorate Change

RNS Number : 7360S

Photo-Me International PLC

13 July 2020

 

13 July 2020

Photo-Me International plc

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

Directorate Change

Photo-Me (PHTM.L), the instant-service equipment group, announces that Mr Eric Mergui, statutory director and Group COO of Photo-Me, left the Board of Photo-Me on 12 July 2020. Mr Mergui will cease to be an employee of Photo-Me at a future date, but no later than 12 July 2021.

Mr Serge Crasnianski, Group CEO and deputy Chairman, will assume Mr Mergui's role and responsibilities.

Photo-Me will issue an announcement before the end of the month providing details on the management restructure.

Enquiries:

Photo-Me International plc	+ 44 (0) 1372 453 399 /  [e-mail]
Hudson Sandler	[phone]
Wendy Baker/ Emily Dillon/ Nick Moore	[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 approximately 46,900 vending units across 18 countries and its technological innovation is focused on three principal areas:

· Identification: photobooths and integrated biometric identification solutions

· Laundry: unattended laundry services, launderettes, B2B services

· Kiosks: high-quality digital printing

The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa. T his will become a key business area ('KIS Food') alongside Identification, Laundry and Kiosks, and will be a significant part of the Group's future growth strategy.

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

Whilst the Group both sells and services this equipment, the vast majority of units are operated and maintained by Photo-Me. Photo-Me pays the site owner a commission based on turnover, which varies depending on the country and location 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) and public transport venues. The equipment is maintained and serviced by an established network of 700 field engineers.

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

 

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