REG - Everyman Media Grp - COVID-19 Update

Everyman MediaAnnouncement

05/11/2020 07:01

RNS Number : 3104E
  
Everyman Media Group PLC
  
05 November 2020
  
 

5 November 2020
 Everyman Media Group PLC
("Everyman", "Company" or the "Group")
 
 COVID-19 Update
 
Everyman Media Group plc announces that, following the new Government guidelines which came into effect this morning, its venues will be closed from today until further notice.
 
All appropriate measures are in place to reduce the financial impact of the closure on the Group, including the reduction of operating costs and the postponement of new sites, refurbishments and other capital expenditure projects, together with accessing government support schemes where available. 
 
The Group has a strong financial position and continues to have significant headroom in its banking facilities.  
 
The Board continues to have every confidence in the strength of the Everyman offering and its long term opportunity.
 




 
For further information, please contact:


 




Everyman Media Group PLC
Paul Wise

Elizabeth Lake

 


Tel: +44 (0) 20 3145 0500
 




 
Canaccord Genuity Limited - Nominated Adviser and Broker

Bobbie Hilliam

Richard Andrews

Georgina McCooke

 


 
Tel: +44 (0)20 7523 8000




Alma PR (Financial PR Advisor)
Rebecca Sanders-Hewett
Susie Hudson
Harriet Jackson


 
Tel: +44 (0)20 3405 0205




 
 
About Everyman Media Group PLC:
 
Everyman is a premium brand and operates an estate of venues across the UK, with an emphasis on providing first class entertainment and hospitality.
 
Everyman is redefining cinema. It focuses on venue and experience as key competitive strengths, with a unique proposition:
-      Intimate and atmospheric venues, which become a destination in their own right
-      An emphasis on a strong quality food and drink menu prepared in-house
-      A broad range of well-curated programming content, from mainstream and independent films to theatre and live concert streams, appealing to a diverse range of audiences
-      Motivated and welcoming teams
 
For more information visit http://investors.everymancinema.com/

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