Everyman Media Group PLC Trading Update (6199L)
January 14 2021 - 1:00AM
UK Regulatory
TIDMEMAN
RNS Number : 6199L
Everyman Media Group PLC
14 January 2021
14 January 2021
Everyman Media Group PLC
("Everyman" the "Company" or the "Group")
Trading Update
Everyman Media Group plc (AIM: EMAN) today provides a trading
update for the year ended 31 December 2020.
At the time of the interim results announcement on 30 September
2020, all 35 Everyman venues had been open since the end of August
and showed real reason for optimism during that period. Since this
point restrictions have varied, with certain locations open for
different periods. All venues have been closed since 30 December
2020.
Throughout this period we have again concentrated on reducing
capital expenditure and operating costs to a minimum. We have
continued to work closely with our landlords, successfully
achieving further rent concessions.
At the year end, the Group had net debt of GBP8.5m with the
continued support of our providers.
Paul Wise, Executive Chairman of Everyman said:
"Whilst the pandemic continues to severely impact our business
and industry, we have a strong balance sheet, an exciting incoming
CEO in Alex Scrimgeour, supportive staff, customers and
shareholders. We remain optimistic for the coming year
post-lockdown and continue to have confidence in people's appetite
to socialise and to be entertained; we believe we will be in a
strong position once it is safe to welcome back our customers and
teams."
For further information, please contact: Everyman Media Group PLC
Paul Wise Tel : +44 (0)20
3145 0500
Elizabeth Lake
Canaccord Genuity Limited (Nominated Adviser Tel: +44 (0)20 7523
and Broker) 8000
Bobbie Hilliam
Georgina McCooke
Alma PR (Financial PR Advisor) Tel: 020 3405 0205
Rebecca Sanders-Hewett
Susie Hudson
Harriet Jackson
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
About Everyman Media Group PLC:
Everyman is the fourth largest cinema business in the UK by
number of venues, and is a premium, high growth leisure brand.
Everyman operates a growing estate of venues across the UK, with an
emphasis on providing first class cinema and hospitality.
Everyman is redefining cinema. It focuses on venue and
experience as key competitive strengths, with a unique
proposition:
-- Intimate and atmospheric venues, which become a destination in their own right
-- An emphasis on a strong quality food and drink menu prepared in-house
-- A broad range of well-curated programming content, from
mainstream and independent films to theatre and live concert
streams, appealing to a diverse range of audiences
-- Motivated and welcoming teams
For more information visit
http://investors.everymancinema.com/
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END
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