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DCD Media PLC - Trading Update

RNS Number : 8224E
DCD Media PLC
10 November 2020
 

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

[email protected]

 

Carl Holmes / Giles Rolls

finnCap

Tel: +44 (0)20 7220 0500

 

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Quick facts: DCD Media Plc

Price: -

Market: AIM
Market Cap: -
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