SpaceandPeople PLC Pre-Close Trading Update and Notice of Results (6513B)
January 15 2018 - 2:00AM
UK Regulatory
TIDMSAL
RNS Number : 6513B
SpaceandPeople PLC
15 January 2018
SpaceandPeople plc
("SpaceandPeople" or the "Group")
Pre-Close Trading Update and Notice of Results
SpaceandPeople, (AIM:SAL) the retail, promotional and brand
experience specialist, today issues a pre-close trading update
ahead of its preliminary results for the year ended 31 December
2017.
The Board is pleased to report that trading during the final
quarter of 2017 was strong, with total revenue for the financial
year being in line with market expectations. However, due to the
mix of revenue from the individual divisions being slightly
different, overall profit before taxation will be GBP100k higher
than anticipated at around GBP1.2 million.
Cash generation remained good throughout the financial year and
the year end cash position was GBP2.6 million. GBP0.7 million of
this cash balance had initially been expected to be paid out to
clients before the year end, but due to timing differences, this
did not happen. The adjusted cash balance would have been GBP1.9
million (2016: GBP0.4 million). In addition to the strong cash
position, the Group repaid all of its bank debt during 2017 and was
debt free at the year end.
As stated in the 2017 Interim Results, the Board intends to
recommence dividend payments and will propose a final dividend of
1.5p per share at the AGM for shareholder approval.
Notice of Results
The Company expects to announce its preliminary results on 26
March 2018.
Contact details:
SpaceandPeople Plc 0845 241 8215
Matthew Bending, Gregor Dunlay
Cantor Fitzgerald Europe 020 7894 7000
David Foreman, Will Goode (Corporate Finance)
Alexander Pollen (Sales)
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
About SpaceandPeople
SpaceandPeople facilitates and manages promotional space for
marketing campaigns and retailing in shopping centres, railway
stations, retail parks, airports and other high footfall locations.
SpaceandPeople is at the forefront of developing the concept of
space as an advertising and promotional medium. It offers consumer
brands the opportunity to promote their products through direct
engagement with consumers through a mix of experiential marketing
events and complementary above the line advertising and multimedia
campaigns. SpaceandPeople offers a comprehensive service covering
brokerage, consultancy and venue centric media buying.
SpaceandPeople is independently funded and its shares are admitted
to trading on AIM. The Company operates in the UK and Germany and
also in India.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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