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
Chief Executive Officer
MediaZest Plc |
0845 207 9378 |
David Hignell/Adam Cowl
Nominated Adviser
SP Angel Corporate Finance LLP |
020 3470 0470 |
Claire Noyce
Broker
Hybridan LLP |
020 3764 2341 |
|
|
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