Mediazest PLC (AIM:MDZ), the audio and visual solutions group, saw its shares jump 11% higher to 0.062p on Monday morning after completing the incorporation of a wholly-owned European subsidiary.
The company said the subsidiary will help the group deliver services more efficiently to its EU clients, building on recently completed projects.
These include audio-visual work for the new Lululemon flagship on the Champs Elysees in Paris which opened in December 2022, and since the start of 2023 projects in the region have already included overseas work in Slovakia.
“Following the incorporation of the European subsidiary, the board expects to see further substantial work within EU member states in 2023, building on the strong performance in financial year 2022,” said Mediazest chief executive Geoff Robertson in a statement.
MediaZest creates audio-visual content that is designed to draw the attention of the general public to a brand.