TIDMPHTM
RNS Number : 4781U
Photo-Me International PLC
01 August 2022
1 August 2022
Photo-Me International plc
("ME Group", "the Group" or "the Company")
Change of Company name to ME Group International plc (LSE
ticker: MEGP)
ME Group International plc ("the Company"), the diversified
instant-service equipment group, is pleased to announce that it has
today changed its name to ME Group International plc, from Photo-Me
International plc. This takes effect immediately.
The Company's TIDM (ticker) will also change, from PHTM to MEGP,
with effect from 8 am tomorrow, 2 August 2022.
Shareholders are not affected by the change. Existing share
certificates remain valid and should be retained. The Company's
ISIN (GB0008481250) also remains unchanged.
As previously announced, the Group's new corporate brand
strategy 'ME Group' was launched in 2021 to reflect the
diversification of its operations and innovation across photobooths
(Photo.ME) as well as laundry (Wash.ME), kiosks (Print.ME) and food
vending (Feed.ME). This strategy has now been rolled out across the
Group's 20 operating markets, reinvigorating its relationships with
B2B partners, customers and consumers alike.
'ME Group' stands for 'Making Easy' and seeks to make life
easier for customers and consumers, providing an increasingly wide
range of easy-to-use and convenient vending products and
solutions.
Serge Crasnianski, CEO and Deputy Chairman, commented:
"Our name change to ME Group International plc announced today
is an important milestone for the Company. The year 2022 is a
significant one for us, as we celebrate our 60(th) anniversary. We
have enjoyed a rich history spanning multiple decades, formerly as
Photo-Me International, and have seen an ongoing evolution of our
proposition particularly in recent years.
"'ME Group' reflects our diversification and innovation strategy
which has been successfully implemented across our core business
areas. While our photobooth services remain an important part of
our operations, and we are using the best available technology to
commercialise the next generation of these products, the Group
offers an extensive and diverse range of products and services
beyond its photobooth heritage. Most notably, we are continuing to
grow our presence in the laundry market and working towards our
ambition to be a leader in the food vending equipment market in
France by the end of next year.
"We are looking forward to the next chapter of our growth,
focusing on continued diversification and innovation as we continue
to meet the needs of our customers and consumers both today and in
the future."
END
Enquiries:
ME Group 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
Moore
NOTES TO EDITORS
ME Group International plc operates, sells and services a wide
range of instant-service vending equipment, primarily aimed at the
consumer market.
LSE Ticker: MEGP from 8am on 2 August 2022 (PHTM on 1 August
2022).
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
vast majority of units are owned, operated and maintained by ME
Group. The Company 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.
https://me-group.com/
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END
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August 01, 2022 07:44 ET (11:44 GMT)
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