Entry into service agreement with Eventim UK Ltd (3419U)
20 12월 2011 - 10:28PM
UK Regulatory
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RNS Number : 3419U
Music Festivals PLC
20 December 2011
Music Festivals plc
("Music Festivals" or the "Group")
Entry into service agreement with Eventim UK Limited
Music Festivals plc (AIM: MFP), a company which owns, develops
and produces music festivals, is pleased to announce that it has
today entered into a three year service agreement with Eventim UK
Limited ("Eventim"), a UK subsidiary of CTS Eventim AG, a leading
international ticket agency for concerts, festivals and other
events. The shares of CTS Eventim AG are listed on the Frankfurt
Stock Exchange. The primary ticketing agent agreement is for the
provision of ticket sales through the Eventim sales channels,
including the Internet and call centres that are contractually
linked with Eventim at competitive market rates with market leading
technological support in ticketing.
Vince Power, CEO of Music Festivals plc, commented:
"I am pleased that Eventim have come on board as our primary
ticketing agent and look forward to co-developing our ticketing
strategy and access control in our live music festivals as well as
working together on our growth opportunities."
Rob Edwards, CEO of Eventim UK Ltd, commented:
"We are looking forward to our partnership with Music Festivals
and the growth opportunities that we have together over the next
three years. We will provide support in terms of marketing and
retailing Music Festivals tickets with the latest ticketing
technology and access control systems."
For further information please contact:
Music Festivals plc
Vince Power (Chief Executive) Tel: +44 (0)20
7644 1420
Merchant Securities Limited (Nominated Adviser
and Broker)
John East/Virginia Bull Tel: +44 (0)20
7628 2200
Mission Public Relations
Andrew Murray-Watson Tel: +44 (0)20
7845 7800
This information is provided by RNS
The company news service from the London Stock Exchange
END
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