Cost agreement with Sprift Technologies Ltd

15 July 2021

For immediate release

Immedia Group Plc

("Immedia" or "the Company" or "the Group")

Cost agreement with Sprift Technologies Ltd

Immedia (AIM: IME), a supplier of multi-media content and digital solutions for leading brands and global businesses announces that, further to the Company's announcement released earlier today, the Company has agreed the recovery of costs from Sprift Technologies Ltd of £150,000, which has been added to the amount owed to Immedia in respect of its secured loan ("Loan"), and which bears interest and is repayable on the same terms as the Loan.

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About Immedia Group Plc

Immedia Group Plc is a multi-media content and digital solutions provider to global businesses delivering audio visual communication services for brands.

The business provides 'live' branded channels to retail locations across the UK and Europe. Immedia's interactive audio channels deliver targeted original content via its own DreamStream-X platform with encrypted Dreamstream technology deployed in each location. Each channel is supported with powerful data analytics tools that monitor audience activity and provide data to enable Immedia to further enhance audience engagement.  

In addition, Immedia creates original audio production and video content as well as 3D animation and the supply, installation and maintenance of audio visual equipment.

Immedia clients include Shell, Subway, BP, Nationwide Building Society, JD Sports, Weir, BMW, IKEA, and FIFA.  

To read more about the business, visit www.immediaplc.com or email us on [email protected]