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Re Contract with Land Securities

17th Sep 2012 07:00

RNS Number : 3786M
RAM Active Media PLC
17 September 2012
 



RAM Active Media PLC

 

 17th September 2012

 

RAM ACTIVE MEDIA PLC

 

("RAM" or the "Company")

 

RAM secures contract with UK's largest property company

 

RAM ("RAM" or the "Company"), the investor in Digital out of Home ('DOOH') media, communications and Intellectual Property, announces an advertising sales, content production and screen estate management contract win for its subsidiary, RAM Vision Limited ("RAM Vision").

 

Land Securities, the UK's largest commercial property company has appointed RAM Vision to source and install large format iconic landscape video screens within six of its UK shopping centres: The White Rose Centre in Leeds; The Galleria in Hatfield; The Bridges in Sunderland; The 02 Centre Finchley Road in London; Gunwharf Quays in Portsmouth; and The Centre in Livingston. RAM Vision is to manage a five year contract for broadcasting advertising sales, scheduling content and screen management at all six named schemes. These six Land Securities owned centres welcome over 67.5 million customer visits annually, delivering a significant increase to the RAM Vision broadcast estate which is currently approximately 600 million.

 

RAM Vision will be working closely with both the commercial team at Land Securities' head office in the Strand, London, and the individual management teams at each site location under contract.

 

Sean Curtis, Head of Business to Business Marketing, Retail said: "Digital advertising creates opportunities for brands to promote their brands in a vibrant medium, interacting with consumers who are highly engaged. We are delighted to be working with RAM to deliver iconic screens to a significant number of our centres"

 

RAM Vision operates digital out of home (DOOH) media advertising sales and content provision and is the largest landscape screen broadcaster in shopping malls within the UK. The Iconic portfolio is now extended to 29 screens nationwide in major retail destination venues. The contract win is also forecasted to deliver a significant percentage increase to RAM Vision bottom line contribution and enhances the aggregate annual footfall in excess of 670 million.

 

RAM CEO Richard Prosser comments:

 

"The contract win by RAM Vision with Land Securities is a significant enhancement to the Company's fast emerging growth in Iconic digital screens in key retail and leisure locations. It is the intent by both parties to be fully installed and screens live in time for the stronger fourth retail trading quarter of this year. The 67.5m additional footfall to the RAM Vision estate is a further statement to outdoor digital advertising market of the company's strategy to enlarge its Iconic screen network and deliver on its pipeline of future contract wins with other major UK Land and Property owner estates. This is a further commercial demonstration of RAM Vision's UK Iconic and Walkway screen network growth within this important and active sector."

 

For further information please call:

 

RAM Active Media plc

Richard Prosser 0207 518 4303

 

Libertas Capital Corporate

Finance Limited

Sandy Jamieson or Thilo Hoffman 0207 569 9650

 

Naomi Curtis

Land Securities Group plc

Tel: 020 7024 5411

[email protected]

 

Notes to editors

 

About Land SecuritiesLand Securities are the UK's largest commercial property company and a member of the FTSE 100. The company owns and manages more than 29 million sq ft of office, residential and retail space with approximately 20.6m sq ft of retail accommodation comprising 24 shopping centres and 17 retail parks.

 

RAM ACTIVE MEDIA PLC

The company's wholly owned subsidiary RAM Vision operates digital out of home (DOOH) media advertising sales and content provision and is the largest landscape screen broadcaster in shopping malls within the UK.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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