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Everyman Media Group PLC on Tuesday reported support from director-shareholders for the cancellation of the company’s shares on AIM, as it noted positive year-to-date trading. Shares in Everyman Media fell 8.9% to 31.89 pence on Tuesday morning in London. The London-based premium cinema chain said Executive Directors Adam Kaye and Charles Dorfman, as well as Non-Executive Director Michael Rosehill, together accounting for just under 46% of the company’s issued share capital, have signalled their support for an AIM delisting. The company also noted it believes additional shareholders, accounting for at least 11% of its share capital, would also back the delisting. Owing to this, Everyman Media said it deems it appropriate to discuss the potential AIM cancellation with all key stakeholders, adding that it sees as likely it will proceed with proposing a delisting of its shares from London’s junior market. Regarding this, the company said it will make a further announcement on the issue in ‘due course’ should it decide to proceed with the delisting. The company did not provide detail of the rationale behind the consideration. Everyman Media also reported positive year-to-date trading, as it reported revenue of £58.5 million in the 21 weeks ended May 28, up 27% from £46.3 million in the 21-week period ended May 29, 2025. Adjusted earnings before interest, tax, depreciation and amortisation post-IFRS16 were £9.4 million, up 45% from £6.5 million. The company also noted improved market share of 6.7%, rising from 5.9%, which it attributed to the strength of its premium position and audience appeal. Admissions improved 23% to £2.2 million from £1.8 million, and net debt was down 24% at £17.6 million from £23.3 million. ‘While trading performance has been positive year to date, there is a degree of uncertainty in the full year outlook due to the challenging economic environment and Q4 trading remains material to the overall annual performance of the company,’ said Everyman Media. The company added that it is assessing projects that may impact profitability in the second half of the financial year, but said directors currently expect performance in the financial year to be ‘marginally ahead’ of the prior year. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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