MediaZest Plc Incorporation of EU Subsidiary and new business update

 
TIDMMDZ 
 
16 January 2023 
 
                                 MediaZest Plc 
 
                    ("MediaZest", or the "Group"; AIM: MDZ) 
 
          Incorporation of European Subsidiary and new business update 
 
MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to 
announce it has completed the incorporation of a new, wholly owned, European 
subsidiary based in the Netherlands (the "European Subsidiary"). 
 
The European Subsidiary will help the Group to deliver services more 
efficiently to its EU based clients, building on increased traction and 
recently completed projects. Over the past few years, the Group has carried out 
significant client work in Germany, Italy, Spain, France, Sweden and the 
Netherlands amongst other EU countries. 
 
These include audio visual work for the new Lululemon flagship on the Champs 
Elysees in Paris which opened in December 2022, and since the start of 2023 
projects in the region have already included overseas work in Slovakia. Further 
afield, the Group has already completed work this month in the US. 
 
Geoff Robertson, MediaZest's CEO, commented: "Following the incorporation of 
the European Subsidiary, the Board expects to see further substantial work 
within EU member states in 2023, building on the strong performance in FY22." 
 
The Group expects to release its financial results for the year ended 30 
September 2022 in February 2023. 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law 
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed 
in accordance with the Company's obligations under Article 17 of MAR. 
 
 
Enquiries: 
 
Geoff Robertson                                      0845 207 9378 
Chief Executive Officer 
MediaZest Plc 
 
David Hignell/Adam Cowl                              020 3470 0470 
Nominated Adviser 
SP Angel Corporate Finance LLP 
 
Claire Noyce                                         020 3764 2341 
Broker 
Hybridan LLP 
 
 
Notes to Editors: 
 
About MediaZest 
 
MediaZest is a creative audio-visual systems integrator that specialises in 
providing innovative marketing solutions to leading retailers, brand owners and 
corporations, but also works in the public sector in both the NHS and Education 
markets. The Group supplies an integrated service from content creation and 
system design to installation, technical support, and maintenance. MediaZest 
was admitted to the London Stock Exchange's AIM market in February 2005. For 
more information, please visit www.mediazest.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 16, 2023 02:00 ET (07:00 GMT)