Bidstack Group PLC Confirmation regarding Trading Update (7343X)
December 20 2019 - 1:06PM
UK Regulatory
TIDMBIDS
RNS Number : 7343X
Bidstack Group PLC
20 December 2019
Certain information contained within this Announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon
publication of this Announcement, this information is considered to
be in the public domain.
20 December 2019
BIDSTACK GROUP PLC
('Bidstack' or 'the Company')
Confirmation regarding Trading Update
Bidstack Group plc (AIM: BIDS), confirms that its announcement
of 19 December 2019, regarding entering into a "Milestone
Advertising Trading Agreement" with a global marketing services
group, results in no change to its comments about the Company's
revenues in 2019 and 2020 contained in its "Trading Update"
announcement issued on 18 December 2019. At the time the Trading
Update was released, the Board had already taken into account the
potential impact of this agreement on its 2020 revenues, in
anticipation that this agreement would eventually be signed.
In addition, the Board confirms that the phrase "gross media
expenditure" referred to in the announcement of 19 December 2019
should be regarded, if received, as payments by the agency which
will be treated as revenues in Bidstack's financial statements.
- Ends -
Contacts:
Bidstack Group Plc
James Draper, CEO via Buchanan
SPARK Advisory Partners Limited
(Nomad)
Mark Brady/Neil Baldwin/James
Keeshan +44 (0) 203 368 3550
Stifel Nicholas Europe Limited
(Broker)
Fred Walsh/Neil Shah +44 (0) 20 7710 7600
Buchanan Communications Limited
Chris Lane / Stephanie Watson
/ Kim van Beeck
bidstack@buchanan.uk.com +44 (0) 20 7466 5000
Notes to editors:
About Bidstack
Bidstack is an advertising technology company which provides
dynamic, targeted and automated native in-game advertising for the
global video games industry across multiple platforms. Its
proprietary API technology is capable of inserting adverts into
natural advertising space within video games across multiple video
games platforms (mobile, PC and console).
Bidstack's customers are games publishers and developers and
advertising agencies, brands and programmatic advertising
platforms. Bidstack contracts exclusive access to the native
in-game advertising space within video games from their developers
or publishers and sells that advertising space either direct to
specific brands and their agencies or through programmatic
advertising platforms.
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END
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