10 Nov 2020 09:30
DCD Media Plc
("DCD Media", the "Company" or the "Group")
Trading update
DCD Media, the independent TV distribution and production group, is pleased to announce a strong start to the year and is expecting to report revenue of £5.75m for the 6 months to September 2020. The Group intends to announce its interim financial statements in mid-December 2020.
The Group also announces the completion of a revolving funding facility from its principal bankers, Coutts & Co. This will allow the business to control more content as it acquires new programming going forwards. This facility complements existing long-term funding arrangements.
David Craven, Chairman of DCD Media Plc, said : "The team have worked tirelessly through the COVID-19 crisis to deliver positive results. In particular, we are pleased to note the concerted team effort to sign a significant distribution agreement for quality drama My Life Is Murder starring Lucy Lawless.
"We are also pleased to close on a new funding facility. We believe this continues to validate the strength of our business model and provides further funding options alongside our existing supportive investment partnerships."
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please contact:
David Craven
Lisa Hale
Investor Relations/ Media Relations
DCD Media plc
Tel: +44 (0)20 3869 0190
ir@dcdmedia.co.uk
Carl Holmes / Giles Rolls
finnCap
Tel: +44 (0)20 7220 0500