RNS Number : 0021U

Photo-Me International PLC

28 July 2022

28 July 2022

Photo-Me International plc

("Photo-Me", "the Company" or "the Group")

Relationship Agreement

Photo-Me International plc (PHTM.L), the instant-service equipment group, announces that in accordance with LR 9.2.2AD R it has entered into a relationship agreement with Tibergest PTE Ltd ("Tibergest"), a company owned and controlled by Mr Serge Crasnianski, CEO and Deputy Chairman of Photo-Me.

Under the Listing Rules, a relationship agreement is required to be in effect because Tibergest is a controlling shareholder and holds more than 30 per cent of the issued share capital of Photo-Me.

Mr Crasnianski and persons closely associated with him have an interest in 137,866,791 Ordinary Shares of 0.5 pence of Photo-Me, representing 36.47 per cent of the issued share capital of the Company. The total number of voting rights in the Company is 378,011,637.



 Photo-Me International plc      Tel: + 44 (0) 1372 453 399 
                                 Email: ir@photo-me.co.uk 
Hudson Sandler                   Tel: +44 (0) 20 7796 4133 
Wendy Baker/Charlotte Cobb/Nick  Email: photo-me@hudsonsandler.com 


Photo-Me International plc (LSE: PHTM) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 20 countries and its technological innovation is focused on four principal areas:

   --      Photo.ME   - Photobooths and integrated biometric identification solutions 
   --      Wash.ME   - Unattended laundry services and launderettes 
   --      Print.ME     - High-quality digital printing kiosks 
   --      Feed.ME    - Vending equipment for the food service market 

The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa, and the acquisition of SGER (Resto'clock) in June 2021, a French Pizza vending equipment company for the self-service food equipment market. Feed.ME will become a key business area - alongside photobooths and identification (Photo.ME), laundry (Wash.ME), and printing kiosks (Print.ME) - and is a significant part of the Group's future growth strategy.

In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by Photo-Me International plc. The Group pays the site owner a commission based on turnover, which varies depending on the country, location and the type of the machine.

The Group has built long-term relationships with major site owners and its equipment is generally sited in prime locations in areas of high footfall such as supermarkets, shopping malls (indoors and outdoors), public transport hubs, and administration buildings (City Halls, Police etc.). Equipment is maintained and serviced by an established network of 650 field engineers.

The Company's shares have been listed on the London Stock Exchange since 1962.

ME Group is a trademark and trading name of Photo-Me International plc.


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(END) Dow Jones Newswires

July 28, 2022 02:00 ET (06:00 GMT)

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