RAM Active Media PLC Re Contract with Land Securities (3786M)
September 17 2012 - 1:01AM
UK Regulatory
TIDMRAM
RNS Number : 3786M
RAM Active Media PLC
17 September 2012
RAM Active Media PLC
17(th) September 2012
RAM ACTIVE MEDIA PLC
("RAM" or the "Company")
RAM secures contract with UK's largest property company
RAM ("RAM" or the "Company"), the investor in Digital out of
Home ('DOOH') media, communications and Intellectual Property,
announces an advertising sales, content production and screen
estate management contract win for its subsidiary, RAM Vision
Limited ("RAM Vision").
Land Securities, the UK's largest commercial property company
has appointed RAM Vision to source and install large format iconic
landscape video screens within six of its UK shopping centres: The
White Rose Centre in Leeds; The Galleria in Hatfield; The Bridges
in Sunderland; The 02 Centre Finchley Road in 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 schemes.
These six Land Securities owned centres welcome over 67.5 million
customer visits annually, delivering a significant increase to the
RAM Vision broadcast estate which is currently approximately 600
million.
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.
Sean Curtis, Head of Business to Business Marketing, Retail
said: "Digital advertising creates opportunities for brands to
promote their brands in a vibrant medium, interacting with
consumers who are highly engaged. We are delighted to be working
with RAM to deliver iconic screens to a significant number of our
centres"
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.
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 by both parties to be fully installed and screens live
in time for the stronger fourth retail trading quarter of this
year. The 67.5m 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 or Thilo Hoffman 0207 569 9650
Naomi Curtis
Land Securities Group plc
Tel: 020 7024 5411
Naomi.curtis@landsecurities.com
Notes to editors
About Land Securities
Land Securities are the UK's largest commercial property company
and a member of the FTSE 100. The company owns and manages more
than 29 million sq ft of office, residential and retail space with
approximately 20.6m sq ft of retail accommodation comprising 24
shopping centres and 17 retail parks.
RAM ACTIVE MEDIA PLC
The company's wholly owned subsidiary 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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