UK upmarket cinema chain Everyman is on its way to leave the London Stock Exchange, according to its latest trading update, published on June 16.
UK upmarket cinema chain Everyman is on its way to leave the London Stock Exchange, according to its latest trading update, published on June 16.
Three of the Everyman Media Group’s directors – Adam Kaye, Charles Dorfman and Michael Rosehill – have told the board it should drop its listing on the London Stock Exchange’s Alternative Investment Market (AIM).
The board added it believes there are further shareholders who want the cinema firm to quit the London Stock Exchange.
On June 16 Everyman’s share price opened 43% lower than the previous day at 20.1p before recovering to 35p. The share price has been on the rise since then, opening at 43p today (June 22).
Analysts have speculated for months Rosehill’s UK private equity firm Blue Coast Capital is preparing for a takeover bid, according to a report in UK finance publication City AM.
Everyman has not turned a profit since 2019 and posted a £10m pre-tax loss in the year to January, despite a 9% enhance in revenue to £117m. The bid to turn Everyman into a private company, according to City AM, is an attempt to give the chain time to implement a turnaround.
For the 21 weeks ending May 29 2026, Everyman’s admissions were up by 23.1% to 2.2m on the previous year, with revenue of £58.5m, up 26.5%. Average net debt is £17.6m, down 24.4% on the previous year.
“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,” noted the trading update.
Everyman has 49 venues across the UK and focuses on a premium experience for customers, with sofa-style seating and the ability to order food and drink to seats. Its former CEO Alex Scrimgeour left suddenly in December following a profit warning, with interim CEO Farah Golant appointed on a enduring basis in April.
The chain was founded in 2000 by entrepreneur Daniel Broch and first floated on the AIM in 2013.
Screen has contacted Everyman for further comment.
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