TIDMPHTM

RNS Number : 7452U

Photo-Me International PLC

07 April 2021

7 April 2021

Photo-Me International plc

('Photo -- Me', 'the Company' or 'the Group')

Publication of Annual Report 2020

Further to its Preliminary Results announcement issued on 10 March 2020, Photo-Me, the instant-service equipment group, announces that it has made its Annual Report for the 18-month period ended 31 October 2020 available to shareholders.

The Annual Report is available on the Company's website at https://photo-me.com/investor-relations/financial-information/#results_reports_presentations and at the Company's registered office at Unit 3B Blenheim Road, Epsom, Surrey KT19 9AP. The report has been posted to those shareholders who have not elected to receive electronic communication.

A copy of the Annual Report has also been submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Enquiries:

 
 Photo-Me International plc 
 Del Mansi, Company Secretary    +44 (0) 1372 453 399 
 Hudson Sandler 
 Wendy Baker/Nick Moore          +44 (0) 20 7796 4133 
                                  photo-me@hudsonsandler.com

Notes to Editors

Photo-Me International plc (LSE: PHTM) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 17 countries and its technological innovation is focused on three principal areas:

   --      Identification: photobooths and integrated biometric identification solutions 
   --      Laundry: unattended laundry services, launderettes, B2B services 
   --      Kiosks: high-quality digital printing

The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa. This will become a key business area alongside Identification, Laundry, and Kiosks, and will be a significant part of the Group's future growth strategy.

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 vast majority of units are owned, operated and maintained by Photo-Me. Photo-Me pays the site owner a commission based on turnover, which varies depending on the country, location and the type of the 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), public transport locations, and administration buildings (City Halls, Police etc.). Equipment is maintained and serviced by an established network of 650 field engineers.

The Company's shares have been listed on the London Stock Exchange since 1962.

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April 07, 2021 13:13 ET (17:13 GMT)

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