Amscreen regretfully announces that it has today terminated its sales agency agreement with Digicom Out Of Home Digital Media Limited (“Digicom”) and temporarily suspended the advertising service on its network of forecourt screens. This follows the filing of a Notice of Intention to Appoint an Administrator by Digicom on Friday 13th May 2016. We were informed by Digicom shortly after this that payments due to Amscreen under the terms of our various agreements would not be paid. We have been working with Digicom and their proposed administration team to resolve the situation but have been unable to reach a mutually acceptable position.
For avoidance of any doubt, Amscreen has fulfilled all of its obligations under its agreements with Digicom and continues to operate a first class promotion service for its forecourt network partners. Amscreen’s contractual relationship with its network partners is unaffected by this recent development. Amscreen is considering its position and options in respect of advertising sales on its network following this recent and unexpected development with Digicom.