RE: 16 Jan 2023 Rns missing on LSE20 Feb 2023 13:06
Mediazest Plc
Incorporation of EU Subsidiary and new business update
16 January 2023
MediaZest Plc
("MediaZest", or the “Group”; AIM: MDZ)
Incorporation of European Subsidiary and new business update
MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to announce it has completed the incorporation of a new, wholly owned, European subsidiary based in the Netherlands (the “European Subsidiary”).
The European Subsidiary will help the Group to deliver services more efficiently to its EU based clients, building on increased traction and recently completed projects. Over the past few years, the Group has carried out significant client work in Germany, Italy, Spain, France, Sweden and the Netherlands amongst other EU countries.
These include audio visual work for the new Lululemon flagship on the Champs Elysees in Paris which opened in December 2022, and since the start of 2023 projects in the region have already included overseas work in Slovakia. Further afield, the Group has already completed work this month in the US.
Geoff Robertson, MediaZest’s CEO, commented: “Following the incorporation of the European Subsidiary, the Board expects to see further substantial work within EU member states in 2023, building on the strong performance in FY22