Re Contract
June 04 2009 - 8:01AM
UK Regulatory
TIDMASG
RNS Number : 3830T
Avanti Screenmedia Group PLC
04 June 2009
4 June 2009
Avanti Screenmedia Group plc
("Avanti" or the "Company") (AIM: ASG.L)
Further Contract wins and amended contract with Spar
Avanti is pleased to announce that it has secured two further shopping mall
contracts. The Company will provide digital marketing services for Redleaf
Limited Partnership's two malls at Ladysmith in North London and Castlegate,
Ashton under Lyme. This takes Avanti's portfolio to 41 shopping malls in the UK,
with a combined weekly footfall of 10.6 million and confirms Avanti's position
as the largest provider of out of home digital screenmedia within shopping malls
in the UK.
Avanti is also pleased to announce that it has agreed a new addendum to its
contract with Spar, the convenience store retailer, to reflect new and
significantly less onerous terms for Avanti, and with an extension to contract
until to May 31 2012. Under the new agreement Avanti will also install a further
300 new Spar sites, taking the total screened estate to 500 stores. This creates
one of the largest digital screen networks in the retail sector.
+---------------------------------------------------------+---------------------------+
| Avanti Screenmedia Group plc | 020 7902 2345 |
| Simon Rees, Chief Executive | |
| Gary Truman, Finance Director | |
| | |
+---------------------------------------------------------+---------------------------+
| Charles Stanley Securities | 020 7149 6000 |
| Nominated Adviser | |
| Russell Cook/Freddy Crossley | |
| | |
+---------------------------------------------------------+---------------------------+
| Bishopsgate Communications Limited | 020 7562 3355 |
| Robyn Samuelson/Siobhra Murphy | |
+---------------------------------------------------------+---------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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