RAM Active Media PLC Re Contract with Land Securities (3532M)
September 17 2012 - 1:00AM
UK Regulatory
TIDMRAM
RNS Number : 3532M
RAM Active Media PLC
17 September 2012
RAM Active Media PLC
17 September 2012
RAM ACTIVE MEDIA PLC
("RAM" or the "Company")
Contract Win
RAM, the investor in Digital out of Home ('DOOH') media,
communications and Intellectual Property, announces advertising
sales, content production and screen estate management contract win
for its subsidiary, RAM Vision Limited ("RAM Vision") with property
owners Land Securities, the UK's largest commercial property
Company.
RAM Vision will source and install large format Iconic landscape
video screens in six of Land Securities UK shopping mall portfolio.
They are White Rose in Leeds, Galleria in Hatfield, Bridges in
Sunderland, 02 Finchley Road London, Gunwharf Quays in Portsmouth
and The Centre in Livingston. RAM Vision is to manage a five year
contract for broadcasting advertising sales, scheduling content and
screen management at all six named malls. These additional mall
sites account for an annual increased footfall on the RAM Vision
broadcast estate in excess of 71 million.
Following the successful installation of these contracts, RAM
Vision will initiate a plan in its offering to roll out Iconic
large format video screens across the Land Securities mall and
retail portfolio. RAM Vision will be working closely with both the
commercial team at Land Securities head office in the Strand,
London, and the individual management teams at each site location
under contract.
RAM Vision operates digital out of home (DOOH) media advertising
sales and content provision and is the largest landscape screen
broadcaster in shopping malls within the UK. The Iconic portfolio
is now extended to 29 screens nationwide in major retail
destination venues. The contract win is also forecasted to deliver
a significant percentage increase to RAM Vision bottom line
contribution and enhances the aggregate annual footfall in excess
of 670 million.
Land Securities is the UK's largest commercial property owner
with approximately 20.6m sq ft of retail accommodation and
currently has a portfolio in this sector of 24 shopping centres and
19 retail locations.
RAM CEO Richard Prosser comments:
"The contract win by RAM Vision with Land Securities is a
significant enhancement to the Company's fast emerging growth in
Iconic digital screens in key retail and leisure locations. It is
the intent of both parties to have fully installed and screens live
in time for the important fourth retail trading quarter. The 71m
additional footfall to the RAM Vision estate is a further statement
to outdoor digital advertising market of the company's strategy to
enlarge its Iconic screen network and deliver on its pipeline of
future contract wins with other major UK Land and Property owner
estates. This is a further commercial demonstration of RAM Vision's
UK Iconic and Walkway screen network growth within this important
and active sector."
For further information please call:
RAM Active Media plc
Richard Prosser 0207 518 4303
Libertas Capital Corporate Finance Limited
Sandy Jamieson/Thilo Hoffman 0207 569 9650
This information is provided by RNS
The company news service from the London Stock Exchange
END
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