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EMAN Everyman Media Group Plc

57.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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

Everyman Media Group PLC New Opening and Related Party Transactions (3652X)

21/02/2017 7:00am

UK Regulatory


Everyman Media (LSE:EMAN)
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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

END

MSCTMMFTMBITBFR

(END) Dow Jones Newswires

February 21, 2017 02:00 ET (07:00 GMT)

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