New Contract Wins

RNS Number : 0837W

SpaceandPeople PLC

20 December 2013

 



SpaceandPeople plc

("SpaceandPeople" or the "Company")

New Contract Wins

SpaceandPeople Plc (AIM: SAL) is pleased to announce contract wins in Germany and the UK. Its German subsidiary, SpaceandPeople GmbH, has been awarded a 5 year exclusive commercialisation contract with Corio GmbH ("Corio") in Germany.

Corio operates 5 shopping centres in important cities such as Berlin and Duisburg which complements SpaceandPeople's current national profile of locations across Germany, both geographically and demographically.

The agreement is the first time all SpaceandPeople offerings have been incorporated under one all-encompassing contract including promotional space and mobile kiosk management and fixed kiosk sales, providing a much higher blended commission rate than historical deals.

Matthew Bending, Group CEO of SpaceandPeople said "It has been a good year for the German team with the signing of MEC earlier in the year and now Corio. This provides a wider portfolio for brands and means we have increased revenue diversity, which strategically is beneficial. The blended and amalgamated contract is a first for us and we hope to use it as a template in future contract negotiations."

SpaceandPeople has also been awarded an exclusive 5 year agreement with The Garden Centre Group Holdings Ltd in the UK. The agreement, which extends across its 142 centre portfolio, covers brands such as Wyvale, Blooms and Country Gardens and constitutes the biggest portfolio of garden centres in the UK.

Matthew Bending continues "Increasingly brands want to access the buying power of an older demographic with high disposable income and ample leisure time. The visitor profile of these centres will enable this and its significance is important in keeping experiential media in venues as a key channel for brands. This demographic profile is difficult to access using traditional media as these consumers tend to be less media savvy and are resistant to modern media messages. This contract will provide an ideal platform for brands and their key consumers to meet."

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For further information, contact:

SpaceandPeople plc	0845 241 8215
Matthew Bending Gregor Dunlay
Cantor Fitzgerald Europe	020 7894 7000
David Foreman (Corporate Finance) Richard Redmayne / Paul Jewell (Corporate Broking)

About SpaceandPeople plc:

The SpaceandPeople Group markets, sells and administers space in high footfall venues, including shopping centres, garden centres, city centres, retail parks and travel hubs. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers with a mix of experiential marketing events and complementary above-the-line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the Mobile Kiosk specialist, in May 2010 and operates in the UK, Germany, India and Russia.

www.spaceandpeople.com

 

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