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US Office Expansion and Related Party Transaction

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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 Los Angeles, USA, as the Group continues to scale in the world's largest music market.

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 New York office, and supports our growth ambitions as we recruit and retain the best talent in the industry."

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.

Artist representation

  • ATC Management (Europe and USA) - artist management and development
  • 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 USA - marketing and promotions agency specialising in dance and electronic music
  • Minority interest in Driift - a global livestreaming operator

Live events

  • ATC Experience - developing live theatrical events and digital experiences with artists

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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