ME Group International PLC

Board/Management Information • Jul 17, 2020

National Storage Mechanism | Additional information

RNS Number : 2803T

Photo-Me International PLC

17 July 2020

17 July 2020

Photo-Me International plc

("Photo-Me" or "the Group")

Appointment of Executive Director

Photo-Me (PHTM.L), the instant-service equipment group, is pleased to announce the appointment of Mr Jean-Marc Janailhac as an Executive Director with immediate effect.

Mr Janailhac, who has been a Non-executive Director of Photo-Me since July 2019, will assume the role of chair of the newly-formed Strategic Committee responsible for reviewing and implementing operational decisions across the Group.

There is no further information to disclose in accordance with Listing Rule 9.6.13R.

Enquiries:

Photo-Me International plc	+44 (0) 1372 453 399 / ir@photo-me.co.uk
Hudson Sandler	+44 (0) 20 7796 4133
Wendy Baker/ Emily Dillon/ Nick Moore	photo-me@hudsonsandler.com

NOTES TO EDITORS

Photo-Me International plc (LSE: PHTM) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates approximately 46,900 vending units across 18 countries and its technological innovation is focused on three principal areas:

·    Identification: photobooths and integrated biometric identification solutions

·    Laundry: unattended laundry services, launderettes, B2B services

·    Kiosks: high-quality digital printing

The Group entered the self-service fresh fruit juice equipment market in April 2019, with the acquisition of Sempa. This will become a key business area ('KIS Food') alongside Identification, Laundry and Kiosks, and will be a significant part of the Group's future growth strategy.

In addition, the Group operates vending equipment such as children's rides, amusement machines and business service equipment.

Whilst the Group both sells and services this equipment, the vast majority of units are operated and maintained by Photo-Me. Photo-Me pays the site owner a commission based on turnover, which varies depending on the country and location of the machine.

The Group has built long-term relationships with major site owners and its equipment is generally sited in prime locations in areas of high footfall such as supermarkets, shopping malls (indoors and outdoors) and public transport venues. The equipment is maintained and serviced by an established network of 700 field engineers.

The Company's shares have been listed on the London Stock Exchange since 1962. 

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