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IN BRIEF: Everyman Media Gets Rent Concessions As Cinemas Stay Shut

14th Jan 2021 14:21

Everyman Media Group PLC - London-based cinema chain - Gets further rent concessions from landlords. Says all venues closed since December 30 and since then it has focused on reducing spend and keeping costs at a minimum. "We remain optimistic for the coming year post-lockdown and continue to have confidence in people's appetite to socialise and to be entertained; we believe we will be in a strong position once it is safe to welcome back our customers and teams," Executive Chair Paul Wise says. Net debt at year-end was GBP8.5 million but has "the continued support of our providers".

Current stock price: 114.74 pence

Year-to-date change: up 4.8%

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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