AGM Statement and Trading Update

ZOO Digital Group plc (AIM: ZOO), the provider of cloud-based localisation and digital distribution services for the global entertainment industry, will hold its Annual General Meeting (AGM) at 4.00pm today. At the meeting, Gillian Wilmot, Chairman, will make the following statement:

“I am excited to provide a further update ahead of the end of our first half year, building on the positive trading statement of 23 August.

“We continue to see strong momentum in the business as we deliver ongoing support to our customers for further territory launches of streaming services and migration of their catalogue titles. We anticipate revenues for H1 will be slightly ahead of guidance and we expect to deliver a significant increase in EBITDA compared to the FY21 comparator period benefitting from significant revenue growth and operational gearing.

“In the past month we have seen a significant expansion of orders for localisation and media services relating to new original titles following the resumption of productions. This gives us much improved visibility through H2 and confidence to continue with our growth plans.

“We have progressed negotiations to establish regional hubs in strategic international locations, significantly strengthening our global offering. We expect the first of these to be announced shortly.

“To enable us to fulfil the growing order book arising from our expanding customer relationships, we have continued to recruit additional staff in most departments of the Company.

“I would like to thank our shareholders for their continuing support, and particularly our loan note holders for their commitment to the Company over many years, and for agreeing to convert their loans into the capital of ZOO prior to the end of September 2021. Arrangements for the conversion are being finalised now and will be announced shortly.

“I would also like to extend my thanks to all ZOO colleagues around the world for their commitment and hard work that enables us to delight our customers with industry-leading services and technology for which ZOO has become renowned.

“A strong pipeline of work and excellent customer relationships gives us great confidence in meeting full year market expectations, and I look forward to updating shareholders on our further positive progress in due course.”

Presentation slides that will accompany an investor update following the AGM will be available on the Company’s website later today. Shareholders may register to join a live stream of the AGM and investor briefing here: https://www.zoodigital.com/agm-2021/

The Company intends to announce its interim financial results for the six months to 30 September 2020 in November 2021.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 (“MAR”). Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person responsible for making this announcement is CFO Phillip Blundell.

In the TV interview below CEO Stuart Green provides an overview of the 12 months to 31 March 2021 and an outlook for the group