All ThingsConsidered - US Office Expansion and Related Party Transaction
Announcement provided by
All Things Considered Group Plc · ATC02/01/2024 07:00
2 January 2024
All Things Considered Group Plc
("ATC", the "Company" or the "Group")
US Office Expansion and Related Party Transaction
All Things Considered Group Plc (AQSE: ATC), the independent music company housing artist representation and music industry services, is pleased to announce it has agreed terms for a new, expanded office location in
The new office, situated in the heart of LA's media district, provides a modern facility with 30% additional capacity as the Group continues to grow its US operations. The team will formally relocate there from its current location in January 2024. The new office will be located at Seward Street, LA and the lease is for a period of 10 years at a rate in line with the market with break clauses at 3 and 6 years ("Lease Agreement").
Adam Driscoll, CEO of ATC Group, commented: "We are delighted to have secured our new LA facility which provides our teams with a fantastic urban working environment for collaboration with our creative artists and partners. Our new LA hub complements our prescence in our other global locations, including our recently opened
Related Party Transaction
The Seward Street office is beneficially owned in part by Craig Newman, Executive Co-Chair and Co-Founder of the Company, and as such the Lease Agreement constitutes a related party transaction pursuant to the Aquis Growth Market Access Rulebook. The Directors of the Company (other than Craig Newman) having exercised reasonable care, skill and diligence, consider that the related party transaction is fair and reasonable as far as the shareholders of the Company are concerned.
For more information, please contact:
ATC Group |
Via Alma PR |
Adam Driscoll, CEO |
|
Rameses Villanueva, CFO |
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Panmure Gordon ( |
+44 (0)207 886 2500 |
AQSE Corporate Adviser and Broker |
|
James Sinclair-Ford / Mark Rogers / Freddie Wooding Hugh Rich / Rauf Munir |
|
Alma Strategic Communications |
+44(0)20 3405 0205 |
Hilary Buchanan / Justine James / Robyn Fisher |
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Notes to Editors
ATC Group is an independent music company housing talent management, live booking, music industry services and livestreaming within the same group.
The Group is headquartered in
The Group has an established, long-standing client base which, together with innovative new offerings, gives the Directors confidence that the company is well positioned to capitalise on the opportunities emerging from a disrupted music industry.
The Group's key divisions, grouped under three segments, are:
Artist representation
· ATC Management (
· ATC Live - live event booking agency for artists
Services
· Sandbag - a market leading merchandising and 'Direct to Consumer' business
· ATC Media- providing consultancy and development services
· Your Army
· Familiar Music - synchronisation agency placing music in films, TV, advertisements and other media
· Minority interest in Driift - a global livestreaming operator
Live events
· ATC Experience - developing live theatrical events and digital experiences with artists
For more information see: www.atcgroupplc.com
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