Signing of new retail agreement in Germany

SpaceandPeople PLC

28 September 2023

 

This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

SpaceandPeople plc

("SpaceandPeople" or the "Group")

Signing of new retail agreement in Germany

SpaceandPeople plc (AIM:SAL) is pleased to announce that its German subsidiary, POP Retail GmbH, has entered an agreement with CEMAGG Management GmbH ("CEMAGG") for the provision of retail kiosks and other services in CEMAGG managed shopping centres in Germany (the "Agreement"), starting with immediate effect.

CEMAGG manages four shopping centres in Germany, namely Postgalerie Karlsruhe, Schanenmarkt in Krefeld, Hofgarten in Solingen and Dreiländergalerie in Weil am Rhein.

Nancy Cullen, CEO of SpaceandPeople, said:

"We are delighted to have signed this Agreement with CEMAGG. It helps to further expand and consolidate our network of venues in Germany, it complements our recent agreement with Multi Germany GmbH and builds on our long-standing relationship with ECE, as well as demonstrating our focus on expanding our network of clients and venues in Europe. I would like to thank our management team in Germany for concluding this contract and we look forward to working closely with CEMAGG over the coming years to expand and develop commercialisation activity in their centres."

Contact details:

SpaceandPeople Plc	0845 241 8215
Nancy Cullen, Gregor Dunlay
Zeus (Nominated Adviser and Broker)	0203 829 5000
David Foreman, Jamie Peel, Ed Beddows

 

END