Brave Bison Group PLC AGM Statement (9537Z)

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RNS Number : 9537Z

Brave Bison Group PLC

27 May 2021

27 May 2021

Brave Bison Group plc

("Brave Bison", the "Company" and together with its subsidiaries the "Group")

AGM Statement

Brave Bison, the social media and marketing group, announces that at the Annual General Meeting of the Company to be held today, Oliver Green, Executive Chairman of the Company, will make the following statement:

"Brave Bison has made a strong start to the current financial year and has now been trading profitably on an adjusted basis for the last eight months. Adjusted EBITDA in the first four months FY2021 was over GBP0.25m, despite this traditionally being the weakest period of the year. The Group continues to see a strong pipeline of clients beginning to release additional budget. As a result, the Board is optimistic as to the Group's prospects and is confident that Brave Bison is positioned to meet or exceed current full year market expectations."

* Adjusted EBITDA is a non-IFRS measure that the Group uses to measure its performance and is defined as earnings before interest, taxation, depreciation and amortisation and after add back of costs related to restructuring, acquisitions and share based payments.

Enquiries:

Brave Bison Group plc

   Oliver Green, Executive Chairman                                                via Cenkos 

Cenkos Securities plc Tel: [phone]

Nominated Adviser & Broker

Nicholas Wells

Ben Jeynes

About Brave Bison

Brave Bison is a new-era media and marketing group that specialises in social media. Brave Bison combines a leading social marketing agency and content studio with a media network of over 650 channels and 158m followers. Recent advertising partners include Panasonic, Vodafone, Uniqlo and BBC. The company is headquartered in London with additional offices in Singapore.

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(END) Dow Jones Newswires

May 27, 2021 02:00 ET (06:00 GMT)