UK's Immotion Group gains on Merlin Entertainment contract
02/02/2023 09:51
** Shares of Immotion Group IMMOI.L jump as much as 79% to
3.94p, their highest since Aug. 1, 2022
** The producer of virtual reality (VR) experiences signs
3-year framework agreement with UK-based Merlin Entertainment
Group Ltd, running till December 2025
** Immotion, offering services to edutainment, entertainment
and leisure industries, says agreement covers 26 sites at which
company has installed or agreed to install a VR attraction
** Stock set for best day since April 8, 2020, if gains hold
** Including session's gains, stock up more than 31% YTD,
after slumping over 51% in 2022
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))