Acquisition Update

RNS Number : 1547R

Everyman Media Group PLC

25 June 2015

 

 Everyman Media Group plc

('Everyman' or the 'Company')

Acquisition Update

Everyman is pleased to announce that following its announcement on 20^th April 2015, the Company has now exchanged with Odeon Cinemas Limited and ABC Cinemas Ltd ("Odeon") on the acquisition of four cinemas located in Gerrards Cross, Esher, Muswell Hill and Barnet (the "Acquisition"). Completion of the Acquisition remains subject to landlord consent on each of the sites, save for Muswell Hill where consent has been provided and completion is expected to occur today. The timetable for exchange on the Acquisition is in line with the Board's expectations at the time the Acquisition was proposed and initially announced on 20^th April 2015.

The Company is also pleased to announce that it has exchanged on the acquisition of a site in Stratford upon Avon. The opening of an Everyman in Stratford upon Avon is expected to occur during 2017.

25^th June 2015

For further information, please contact:

Everyman Media Group plc

Crispin Lilly                                           Tel: [phone]

Cenkos Securities plc (NOMAD and Broker)

Bobbie Hilliam                                     Tel: [phone]

About Everyman Media Group plc

Everyman are a network of independent cinemas currently operating 12 venues, ranging from the iconic 102 year old Screen on the Green, to brand new boutique spaces in Birmingham and Canary Wharf. Everyman will also soon be expanding into new locations including Whiteladies Road, Bristol in early 2016.

 

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