TIDMIME

RNS Number : 3503F

Immedia Group PLC

15 July 2021

15 July 2021

For immediate release

Immedia Group Plc

("Immedia" or "the Company" or "the Group")

Cost agreement with Sprift Technologies Ltd

Immedia ( AIM: IME), a supplier of multi-media content and digital solutions for leading brands and global businesses announces that, further to the Company's announcement released earlier today, the Company has agreed the recovery of costs from Sprift Technologies Ltd of GBP150,000, which has been added to the amount owed to Immedia in respect of its secured loan ("Loan"), and which bears interest and is repayable on the same terms as the Loan.

Ends

 
 For further information please contact: 
 Immedia Group Plc                              Tel: +44 (0) 1635 556200 
  Tim Hipperson, Non-executive Chairman 
  Ross Penney, Chief Executive 
 SPARK Advisory Partners Limited (Nomad)        Tel: +44 (0) 203 368 3550 
  Mark Brady 
  Neil Baldwin 
 SP Angel Corporate Finance LLP (Broker)        Tel: +44 (0) 207 470 0470 
  Abigail Wayne 
 Tooley Street Communications (IR &             Tel: +44 (0) 7785 703523 
  media relations) 
  Fiona Tooley 
 

About Immedia Group Plc

Immedia Group Plc is a multi-media content and digital solutions provider to global businesses delivering audio visual communication services for brands.

The business provides 'live' branded channels to retail locations across the UK and Europe. Immedia's interactive audio channels deliver targeted original content via its own DreamStream-X platform with encrypted Dreamstream technology deployed in each location. Each channel is supported with powerful data analytics tools that monitor audience activity and provide data to enable Immedia to further enhance audience engagement.

In addition, Immedia creates original audio production and video content as well as 3D animation and the supply, installation and maintenance of audio visual equipment.

Immedia clients include Shell, Subway, BP, Nationwide Building Society, JD Sports, Weir, BMW, IKEA, and FIFA.

To read more about the business, visit www.immediaplc.com or email us on enquiries@immediaplc.com

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END

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(END) Dow Jones Newswires

July 15, 2021 03:46 ET (07:46 GMT)

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