18 November 2022
Everyman Media Group PLC
("Everyman", the "Company" or the "Group")
Everyman Media Group PLC (AIM: EMAN) announces that Paul Wise, the Executive Chairman of the Company, has decided to step down from the Board to pursue other interests.
Paul will remain in his role until 28 February 2023, at which point Philip Jacobson, currently a Non-Executive Director of the Company, will assume the role of Non-Executive Chairman.
Philip joined Everyman in 2013 ahead of the Company's admission to AIM. He is an experienced business leader, becoming Partner at BDO (then Stoy Hayward) in 1975 and remaining with the firm until 2006. During his time at BDO, Philip worked with a wide variety of international, listed and unlisted companies.
Alex Scrimgeour, CEO of Everyman, said:
"On behalf of the Board and everyone at Everyman I would like to thank Paul for his contribution during his tenure. For 14 years, Paul has been instrumental in building the Everyman proposition, growing the business and, most recently, navigating the challenges posed by the pandemic. Thanks in no small part to his stewardship, Everyman has emerged a stronger business, and we fully expect to announce strong results for the current year in line with the outlook statement contained in our interim results.
"In Philip Jacobson we have an experienced successor who knows and understands the business. I look forward to working with him in his new capacity."
Philip Jacobson, incoming Non-Executive Chairman, said:
"I have seen first-hand the outstanding job Paul has done in building Everyman into what it is today. The business has undergone remarkable growth and positive change under his guidance. Like Paul, I am passionate about the Everyman brand, and look forward to helping the Company pursue its ambitions in this new role."
Paul Wise, departing Executive Chairman, said:
"It has been a privilege to work with many talented people over the years and establish Everyman as a market leading brand. I leave the business in good health and well-positioned to deliver on its plans to further develop the brand, open new venues and grow market share."
For further information, please contact:
Everyman Media Group PLC
Tel : +44 (0)20 3145 0500
Alex Scrimgeour, CEO
Canaccord Genuity Limited (Nominated Adviser and Broker)
Tel : +44 (0)20 7523 8000
Alma PR (Financial PR Advisor)
Tel: +44 (0)20 3405 0205
About Everyman Media Group PLC:
Everyman is the fourth largest cinema business in the UK by number of venues, and is a premium, high growth leisure brand. Everyman operates a growing estate of venues across the UK, with an emphasis on providing first class cinema and hospitality.
Everyman is redefining cinema. It focuses on venue and experience as key competitive strengths, with a unique proposition:
I. Intimate and atmospheric venues, which become a destination in their own right
II. An emphasis on a strong quality food and drink menu prepared in-house
III. A broad range of well-curated programming content, from mainstream and independent films to theatre and live concert streams, appealing to a diverse range of audiences
IV. Motivated and welcoming teams
For more information visit http://investors.everymancinema.com/