Zoo Digital Group PLC AGM Statement and Trading Update (2106M)
20 Septiembre 2021 - 01:00AM
UK Regulatory
TIDMZOO
RNS Number : 2106M
Zoo Digital Group PLC
20 September 2021
20 September 2021
ZOO DIGITAL GROUP PLC
("ZOO", the "Group" or the "Company")
AGM Statement and Trading Update
ZOO Digital Group plc (AIM: ZOO), the provider of cloud-based
localisation and digital distribution services for the global
entertainment industry, will hold its Annual General Meeting (AGM)
at 4.00pm today. At the meeting, Gillian Wilmot, Chairman, will
make the following statement:
"I am excited to provide a further update ahead of the end of
our first half year, building on the positive trading statement of
23 August.
"We continue to see strong momentum in the business as we
deliver ongoing support to our customers for further territory
launches of streaming services and migration of their catalogue
titles. We anticipate revenues for H1 will be slightly ahead of
guidance and we expect to deliver a significant increase in EBITDA
compared to the FY21 comparator period benefitting from significant
revenue growth and operational gearing.
"In the past month we have seen a significant expansion of
orders for localisation and media services relating to new original
titles following the resumption of productions. This gives us much
improved visibility through H2 and confidence to continue with our
growth plans.
"We have progressed negotiations to establish regional hubs in
strategic international locations, significantly strengthening our
global offering. We expect the first of these to be announced
shortly.
"To enable us to fulfil the growing order book arising from our
expanding customer relationships, we have continued to recruit
additional staff in most departments of the Company.
"I would like to thank our shareholders for their continuing
support, and particularly our loan note holders for their
commitment to the Company over many years, and for agreeing to
convert their loans into the capital of ZOO prior to the end of
September 2021. Arrangements for the conversion are being finalised
now and will be announced shortly.
"I would also like to extend my thanks to all ZOO colleagues
around the world for their commitment and hard work that enables us
to delight our customers with industry-leading services and
technology for which ZOO has become renowned.
"A strong pipeline of work and excellent customer relationships
gives us great confidence in meeting full year market expectations,
and I look forward to updating shareholders on our further positive
progress in due course."
Presentation slides that will accompany an investor update
following the AGM will be available on the Company's website later
today. Shareholders may register to join a live stream of the AGM
and investor briefing here:
https://www.zoodigital.com/agm-2021/
The Company intends to announce its interim financial results
for the six months to 30 September 2020 in November 2021.
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR"). Upon
the publication of this announcement, this inside information is
now considered to be in the public domain. The person responsible
for making this announcement is CFO Phillip Blundell.
For further enquiries please contact:
ZOO Digital Group plc +44 (0) 114 241 3700
Stuart Green - Chief Executive Officer
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Phillip Blundell - Chief Finance Officer
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Stifel Nicolaus Europe Limited
Fred Walsh / Tom Marsh +44 (0) 20 7710 7600
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Instinctif Partners +44 (0) 207 457 2020
Matthew Smallwood / Hannah Campbell zoo@instinctif.com
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About ZOO Digital Group plc:
ZOO Digital is a provider of services allowing TV and movie
content to be subtitled and dubbed in any language and prepared for
sale with all major online retailers. ZOO's clients are some of the
best-known brands in the world including major Hollywood studios,
global broadcasters and independent distributors.
ZOO's point of difference in the marketplace is its development
and use of innovative cloud technology. This ensures that content
is localised in any language and delivered to all the major online
platforms such as Amazon, iTunes, Google and Hulu with reduced time
to market, higher quality and lower costs. ZOO's agile, cloud-based
business model enables clients to respond to market trends, scale
easily with business growth and capitalise on new routes to market
in the fast moving and evolving digital industry.
ZOO operates from the entertainment hubs of Los Angeles and
London with a development and production centre in Sheffield. Its
full-service proposition includes digital distribution, subtitling
& captioning, metadata creation & localisation, dubbing,
artwork localisation, workflow and asset management.
www.zoodigital.com
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END
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