The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Friday 1 May 2020
Immedia Group Plc
(“Immedia” or “the Company”)
Immedia (AIM: symbol: IME), a supplier of multi-media content and digital solutions for leading brands and global businesses, announces that Bruno Brookes, Chief Executive, has informed the Board of his wish to step down from the Board to allow him to focus on his other interests. With immediate effect Ross Penney, currently the Chief Operating Officer, will assume the role of Interim Chief Executive.
Tim Hipperson, Non-Executive Chairman of Immedia, commented:
“The Board is very grateful to Bruno for his deep and long-lasting contribution to the business over the last 21 years. Having started his career as a radio and TV presenter he has been able to instill some of the many skills he had in the team which has delivered success over the years for our people and the business.”
“Bruno has handed over stewardship of the Company to Ross who has been with us since 2006 following the acquisition of Cube Music. He has an in depth practical understanding of all parts of the Group and its needs; with a strong managerial, commercial and technical background he will provide effective leadership as we steer through the ever changing environment we are all currently experiencing.”
For further information please contact:
Immedia Group Plc
Tim Hipperson, Non-executive Chairman
Ross Penney, Interim Chief Executive
Tel: +44 (0) 1635 556200
SPARK Advisory Partners Limited (Nomad)
Tel: +44 (0) 203 368 3550
SP Angel Corporate Finance LLP (Stockbroker)
Tel: +44 (0) 207 470 0470
TooleyStreet Communications (IR & Media Relations)
Tel: +44 (0) 7785 703523
About Immedia Group Plc
Immedia Group Plc is a multi-media content and digital solutions provider to global businesses and organisations, who are investing in internal and/or brand communications.
Our business provides a wide range of ‘live’ branded channels specifically to retail locations across the UK and Europe with an estimated listening audience of 8.5 million listeners per week. Immedia’s interactive audio channels deliver original and relevant content, via its own DreamStream-X platform with encrypted Dreamstream technology deployed in each location. Dreamstream-X provides a mix of ‘on brand’ national and localised content to a client’s workforce and customer base. Each channel is supported with powerful data analytics tools that monitor audience activity and provide data to enable us to further enhance audience engagement.
Immedia Group also creates original video content, 3D animation, app and web development, as well as supplying and installing Audio Visual equipment.
Immedia clients include Shell, Subway, BP, Nationwide Building Society, JD Sports, O2, BMW, IKEA and FIFA.