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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Everyman Media Group Plc | LSE:EMAN | London | Ordinary Share | GB00BFH55S51 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 57.50 | 57.00 | 58.00 | 57.50 | 57.50 | 57.50 | 7,028 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 78.82M | -3.5M | -0.0384 | -14.97 | 52.43M |
TIDMEMAN
RNS Number : 3652X
Everyman Media Group PLC
21 February 2017
Everyman Media Group plc ("Everyman" or the "Company")
New Opening and Related Party Transactions
The Company is pleased to confirm that the previously announced venue in Stratford-upon-Avon has now become unconditional. It is expected that the new four screen site will open in the second quarter of 2017.
The lease for the site is 25 years and the annual rent is GBP185,880 per annum. The landlord of the Stratford-upon-Avon site is Blue Coast Stratford LLP. Blue Coast Stratford LLP and Blue Coast Private Equity L.P., who owns 19.1 per cent. of the Company, are companies within the same group. Michael Rosehill, a non-executive director of the Company, is a director of both entities.
Due to Mr Rosehill, as a director, and Blue Coast Private Equity L.P, as a substantial shareholder, being connected with Blue Coast Stratford LLP, the lease arrangement at the venue in Stratford-upon-Avon is considered to be a related party transaction under the AIM Rules. The directors of the Company consider the terms of the lease to be on commercial terms. Furthermore, the directors of the Company, other than Michael Rosehill, having consulted the Company's nominated advisor Cenkos Securities plc, consider the terms of the lease to be fair and reasonable insofar as the Company's shareholders are concerned.
21 February 2017
For further information, please contact: Tel: 020 3145 Everyman Media Group plc 0500 Crispin Lilly - Chief Executive Officer Cenkos Securities plc (NOMAD Tel: 020 7397 and Broker) 8900 Bobbie Hilliam Harry Pardoe
This information is provided by RNS
The company news service from the London Stock Exchange
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February 21, 2017 02:00 ET (07:00 GMT)
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