MediaZest Plc
("MediaZest", the "Company” or “Group"; AIM: MDZ)
Timing of publishing of accounts
MediaZest, the creative audio-visual company, will announce final results for the year ended 31 March 2016 within the next two weeks.
These results will be in line with the announcement of 29 April 2016. As noted in that announcement they will include an accounting adjustment under International Financial Reporting Standard 2 or IFRS2 (Share based payments). IFRS2 is applicable to MediaZest for the first time in the Financial Year ended 31 March 2016 because the Company utilised an Employee Share Option Scheme (ESOS) during this period. Whilst this item has neither cash nor trading implications, its accounting treatment under IFRS2 will adversely affect the year end result. Following the year end audit visit, this non-cash book entry has been determined to be £139,000.
Furthermore, the Board expects to provide a detailed update on new business wins and progress for the current financial year at the same time as the final results announcement.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Enquiries:
Geoff Robertson
Chief Executive Officer
MediaZest Plc 0845 207 9378
Edward Hutton / David Hignell
Nominated Adviser
Northland Capital Partners Limited 020 3861 6625
Claire Noyce / William Lynne / Niall Pearson
Broker
Hybridan LLP 020 3764 2341/ 2343
Notes to Editors:
About MediaZest
MediaZest is a creative media agency and audio visual systems integrator that specialises in providing innovative marketing solutions to leading retailers, brand owners and corporations, but also works in the public sector in both the NHS and Education markets. The Group supplies an integrated service from content creation and system design to installation, technical support and maintenance. MediaZest was admitted to the London Stock Exchange's AIM market in February 2005. For more information, please visit www.mediazest.com
