REG - SpaceandPeople PLC - POP Retail GmbH - ECE Contract Renewal

SpaceandpeopleAnnouncement

24/04/2024 07:00

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RNS Number : 7452L  SpaceandPeople PLC  24 April 2024

SpaceandPeople plc

("SpaceandPeople" or the "Group")

POP Retail GmbH - ECE Contract Renewal

SpaceandPeople plc (AIM:SAL) is delighted to announce that its German
subsidiary company, POP Retail GmbH ("POP Retail") has again renewed its
agreement with GB Service GmbH ("ECE") for the provision of retail kiosks in
ECE managed shopping centres in Germany (the "Agreement").

The Agreement has been renewed for an extended five year period until April
2029 and provides additional flexibility and opportunity for both
SpaceandPeople and ECE to roll out and operate the retail kiosk business in a
cost effective manner.

Nancy Cullen, CEO of SpaceandPeople said: "I would like to congratulate
everyone who has been involved in the development of our German business. We
are, of course, absolutely delighted to be renewing our contract with ECE. The
duration of the contract, combined with the additional flexibility granted,
will enable us to provide a great service to ECE across their portfolio and to
develop pop up retail further in this prestigious portfolio."

Ulf Schweppe, Head of Department Specialty Leasing of ECE said: "We are very
pleased to be extending our relationship with POP Retail for another five
years. This new agreement will allow us to offer new and established RMU
concepts retailing throughout our portfolio of shopping centres in Germany."

 

For further information, please contact:

 

SpaceandPeople
plc
0845 241 8215

Nancy Cullen, Gregor Dunlay

 

Zeus (Nominated Adviser and
Broker)                             0203 829 5000

David Foreman, Ed Beddows

 

 

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