REG - SpaceandPeople PLC - Extension for reporting interim results

SpaceandpeopleAnnouncement

24/09/2020 07:00

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RNS Number : 9181Z  SpaceandPeople PLC  24 September 2020

SpaceandPeople plc

(the "Company" or "Group")

 

Extension of deadline for reporting interim results and business update

 

SpaceandPeople (AIM:SAL), the retail, promotional and brand experience
specialist which facilitates the sale of space in high footfall venues,
announces that, further to the guidance provided by AIM Regulation on 26 March
2020, the Company has been granted an extension of one month for the reporting
of its interim results for the six months ended 30 June 2020 ("HY-20
results").

 

The Company expects to announce its HY-20 results by 16 October 2020 and will
provide an update to the reporting timetable as and when appropriate.

 

Further to the Company's previous Covid-19 and business updates, the Group's
two main geographical markets of the United Kingdom and Germany have seen
improving trading conditions as the governments of each country have permitted
the re-opening of shopping centres and other higher footfall venues. Bookings
however remain substantially lower than historic norms, but broadly in line
with current management expectations.

 

As previously reported, the Group received an additional £1.0 million lending
through the UK government CBIL scheme which resulted in Group cash balances as
at 30 June of £1.7 million with an additional £0.5 million of undrawn
facilities.

 

 

 

 SpaceandPeople plc                                   0845 241 8215
 Nancy Cullen
 Gregor Dunlay

 Zeus Capital Limited (Nominated Adviser and Broker)  0203 829 5000
 David Foreman, Jamie Peel, Rishi Majithia

 

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