Aeorema Communications Plc Trading Update & Board Appointment (4951V)
December 14 2021 - 12:59AM
UK Regulatory
TIDMAEO
RNS Number : 4951V
Aeorema Communications Plc
14 December 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Regulation 11 of the Market Abuse Regulations (Amendment) (EU
Exit) Regulations 2019/310 ("MAR"). With the publication of this
announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector:
Media
14 December 2021
Aeorema Communications plc ('Aeorema' or 'the Company' or 'the
Group')
Trading Update & Board Appointment
Aeorema Communications plc, the AIM-traded live events agency,
is pleased to announce an update on trading for the first six
months of the current financial year, along with the appointment of
Hannah Luffman to the board as Group Commercial Director.
As previously reported, Aeorema has repositioned the Company
into providing virtual online conferences and events in place of
its traditional activities of live events and is continuing to
experience unprecedented demand for bespoke services from a wide
range of major blue-chip clients across a range of industries. The
Company has also made a strategic shift to providing consultancy
services and engaging with clients at a higher advisory level on
their communications strategies.
As reported in the Company's results for the year to 30 June
2021, the outlook for H1 2022 remains very strong and revenues are
now expected to be greater than any other period on record, being
no less than GBP4.5 million, with a profitable H1 for the first
time in many years. With revenues typically weighted towards the
second half of the financial year, the Company remains confident of
continued growth in revenues for the full year ending 30 June
2022.
The Company is pleased to announce the appointment of Hannah
Luffman to the Board of Directors in a newly created role of Group
Commercial Director. Hannah joined the Company in May 2020 as
Strategy Director, focussing on brand strategy and communications.
Before joining Aeorema, Hannah founded Unicorn Events Limited
('Unicorn'), a highly successful creative and award-winning brand
experience agency delivering events worldwide, helping brands
connect with audiences both internally and externally through live
event experiences. Fast-tracking Unicorn to a highly respected
challenger agency with significant year-on-year increase in
turnover over a short period, Hannah and her team worked with
clients including a number of large and blue-chip companies, such
as Google UK, InterContinental Hotels Group, Boots and
Soap&Glory, to name a few. Hannah brings over 15 years of
commercial and strategic marketing experience to the board will be
responsible for the Group's direction across their two key markets,
EMEA and North America, as well as the Group sales and marketing
functions. Hannah will join the Board effective from 1 January
2022.
CEO, Steve Quah commented: "This is an incredibly exciting time
for us as a business developing a global footprint and we are
thrilled to be reporting an expected return to profitability for
the first half of the financial year, following a period of
successful transition to innovative, hybrid solutions tailored to
client requirements.
"I am pleased to welcome Hannah to the Board of Directors in the
newly created role of Group Commercial Director. Over the last 18
months, Hannah, along with her team, has been instrumental as we
pivoted to hybrid events. We look forward to the future with
confidence as Aeorema continues to build its global presence in a
considered and structured way that allows us to meet the needs of
our evolving industry and client partnerships."
Update to AGM Resolution
As previously announced, the Annual General Meeting ("AGM") of
the Company is being held today, 14 December 2021. The resolution
to seek authority to adopt new articles of association for the
Company will not be proposed at today's AGM due to an
administrative error in the notice of AGM, but will be proposed at
a future date.
Regulatory disclosures
Hannah Jane Luffman (previously Fletcher), aged 32 is, or has
been, a director of the following companies during the previous
five years:
C urrent Directorships P ast Directorships
- Curious Holdings ltd (dissolved)
Unicorn Events ltd (dissolved)
Patterns and Pastels ltd (dissolved)
Hannah holds options over 300,000 new ordinary shares in the
Company, equivalent to 3.25% of the Company's current issued share
capital.
For further information visit www.aeorema.com or contact:
Aeorema Communications
Mike Hale plc +44 (0)20 7291 0444
John Depasquale /
Liz Kirchner (Corporate
Finance) Allenby Capital Limited
Kelly Gardiner (Sales (Nominated Adviser
and Corporate Broking) and Broker) +44 (0)20 3328 5656
Catherine Leftley/ St Brides Partners info@stbridespartners.co.uk
Selina Lovell Ltd
(Financial PR)
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END
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