ME Group International PLC Promotion into the FTSE 250 Index
19 Junio 2023 - 1:00AM
RNS Non-Regulatory
TIDMMEGP
ME Group International PLC
19 June 2023
19 June 2023
ME Group International plc
("ME Group", the "Group" or the "Company")
Promotion into the FTSE 250 Index
The Board of ME Group (LON: MEGP), the instant-service equipment
group, is delighted to announce that the Company has been included
as a constituent of the FTSE 250 Index, with effect from the start
of trading today, Monday 19 June 2023.
The Group was listed on the London Stock Exchange in 1962 and
provided photobooth and photo ID services for official
documentation such as passports and driving licences (services
which it still provides today). Over the past 60 years, the Company
has concentrated on diversifying its services and markets,
underpinned by a key focus on innovation. ME Group now offers
market-leading instant-vending equipment and services across four
key principal business areas:
-- Photo.ME - Photobooths and integrated biometric solutions
-- Wash.ME - Unattended laundry services and launderettes
-- Print.ME - High-quality digital printing kiosks
-- Feed.ME - Vending equipment for the food service market
ME Group benefits from a dominant market position, with limited
or no competition, in many of the countries in which it operates.
Long-standing partnerships with site owners and the utilisation of
long-term contracts provide consistent and solid recurring revenue,
giving the Company good predictability and visibility on revenue
streams. These characteristics are similar to those of an
infrastructure business. The Group's predictable and stable cash
flows are used to fund growth through product innovation and to
deliver value to shareholders through growth and dividends.
Commenting on the Company's entry into the FTSE 250 Index, Serge
Crasnianski, CEO & Deputy Chairman said:
"ME Group's return to the FTSE 250 Index is a momentous
corporate milestone. It vindicates the journey that we have been on
to develop the Group through technological innovation aimed at
expanding and diversifying our operations. This allows us to bring
evermore cutting-edge automated self-service solutions to
consumers, giving our customers an improved experience consistent
with our concept of 'Making Easy'."
Images are available for download - here
Enquiries:
ME Group International plc +44 (0) 1372 453 399
ir@me-group@hudsonsandler.com
Serge Crasnianski, CEO
Stéphane Gibon, CFO
Hudson Sandler +44 (0) 20 7796 4133
me-group@hudsonsandler.com
Wendy Baker / Nick Moore / Ben
Wilson
NOTES TO EDITORS
ME Group International plc (LSE: MEGP) operates, sells and
services a wide range of instant-service vending equipment,
primarily aimed at the consumer market.
The Group operates vending units across 19 countries and its
technological innovation is focused on four principal areas:
-- Photo.ME - Photobooths and integrated biometric identification solutions
-- Wash.ME - Unattended laundry services and launderettes
-- Print.ME - High-quality digital printing kiosks
-- Feed.ME - Vending equipment for the food service market
In addition, the Group operates other vending equipment such as
children's rides, amusement machines, and business service
equipment.
Whilst the Group both sells and services this equipment, the
majority of units are owned, operated and maintained by Me Group
International plc. The Group pays the site owner a commission based
on turnover, which varies depending on the country, location and
the type of machine.
The Group has built long-term relationships with major site
owners and its equipment is generally sited in prime locations in
areas of high footfall such as supermarkets, shopping malls
(indoors and outdoors), transport hubs, and administration
buildings (City Halls, Police etc.). Equipment is maintained and
serviced by an established network of 650 field engineers.
In August 2022 the Company changed its listed entity name to ME
Group International plc (previously Photo-Me International plc) to
better reflect the Group's diversification focus and business
strategy.
The Company's shares have been listed on the London Stock
Exchange since 1962.
For further information: www.me-group.com
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END
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June 19, 2023 02:00 ET (06:00 GMT)
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