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Michael Sushin
Shares of Aeorema Communications PLC rose Thursday after it announced it had secured a major deal to create a marketing platform in collaboration with marketing and communications firm Stagwell at the 2023 Cannes Lions International Festival of Creativity.
Shares of 1508 GMT rose 10.5 pence, or 14.7%, to 82.0 pence.
The live events company said its agency Cheerful Twentyfirst will work with Stagwell to create “Sport Beach,” an event where creatives, brands, marketers, athletes, coaches and leagues will sport together. .
“Cheerful Twentyfirst’s presence at Cannes Lions 2023 looks very positive. Several additional deals are under discussion and 2023 is expected to have the largest presence to date. For Aeorema We’re very optimistic that the year is off to a great start, and we’re still months away,” said Steve Kua, CEO.
The company said final commercial terms have been agreed with Stagwell and did not disclose financial details of the deal.
Please contact Michael Susin at michael.susin@wsj.com.
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