All Things Considered Group PLC US Office Expansion and Related Party Transaction (2189Y)

TIDMATC

RNS Number : 2189Y

All Things Considered Group PLC

02 January 2024

2 January 2024

All Things Considered Group Plc

("ATC", the "Company" or the "Group")

US Office Expansion and Related Party Transaction

All Things Considered Group Plc (AQSE: ATC), the independent music company housing artist representation and music industry services, is pleased to announce it has agreed terms for a new, expanded office location in Los Angeles, USA, as the Group continues to scale in the world's largest music market.

The new office, situated in the heart of LA's media district, provides a modern facility with 30% additional capacity as the Group continues to grow its US operations. The team will formally relocate there from its current location in January 2024. The new office will be located at Seward Street, LA and the lease is for a period of 10 years at a rate in line with the market with break clauses at 3 and 6 years ("Lease Agreement").

Adam Driscoll, CEO of ATC Group, commented: "We are delighted to have secured our new LA facility which provides our teams with a fantastic urban working environment for collaboration with our creative artists and partners. Our new LA hub complements our prescence in our other global locations, including our recently opened New York office, and supports our growth ambitions as we recruit and retain the best talent in the industry."

Related Party Transaction

The Seward Street office is beneficially owned in part by Craig Newman, Executive Co-Chair and Co-Founder of the Company, and as such the Lease Agreement constitutes a related party transaction pursuant to the Aquis Growth Market Access Rulebook. The Directors of the Company (other than Craig Newman) having exercised reasonable care, skill and diligence, consider that the related party transaction is fair and reasonable as far as the shareholders of the Company are concerned.

For more information, please contact:

 
ATC Group                                 Via Alma PR 
Adam Driscoll, CEO 
Rameses Villanueva, CFO 
 
  Panmure Gordon (UK) Limited               [phone] 
AQSE Corporate Adviser and Broker 
James Sinclair-Ford / Mark Rogers / 
 Freddie Wooding 
 Hugh Rich / Rauf Munir 
 
  Alma Strategic Communications             [phone] 
Hilary Buchanan / Justine James / Robyn 
 Fisher 
 

Notes to Editors

ATC Group is an independent music company housing talent management, live booking, music industry services and livestreaming within the same group.

The Group is headquartered in London, with offices in Los Angeles, New York and Copenhagen. ATC Group Plc is led by an experienced management team who have operated across multiple music industry sectors.

The Group has an established, long-standing client base which, together with innovative new offerings, gives the Directors confidence that the company is well positioned to capitalise on the opportunities emerging from a disrupted music industry.

The Group's key divisions, grouped under three segments, are:

Artist representation

   --    ATC Management (Europe and USA) - artist management and development 
   --    ATC Live - live event booking agency for artists 

Services

   --    Sandbag - a market leading merchandising and 'Direct to Consumer' business 
   --    ATC Media- providing consultancy and development services 
   --    Your Army USA - marketing and promotions agency specialising in dance and electronic music 

-- Familiar Music - synchronisation agency placing music in films, TV, advertisements and other media

   --    Minority interest in Driift - a global livestreaming operator 

Live events

   --    ATC Experience - developing live theatrical events and digital experiences with artists 

For more information see: www.atcgroupplc.com

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January 02, 2024 02:00 ET (07:00 GMT)