Audioboom Grp. Regulatory News (BOOM)

22 Dec 2009 14:34



Date: 22 December 2009

On behalf of: Boomerang Plus plc ('Boomerang')

For immediate release

Boomerang Plus plc

Result of Annual General Meeting 

The Board of Boomerang (AIM: BOOM.L), a profitable and vertically integrated, multi-genre, independent television production group operating within the Nations and Regions, is pleased to announce that at its Annual General Meeting held at 1200hrs today, all resolutions were duly passed. 

- Ends - 

Enquiries:

Boomerang Plus plc Via Redleaf Communications

Huw Eurig Davies, Chief Executive

Mark Fenwick, Finance Director

Altium Capital Limited (NOMAD) Tel: +44 (0) 20 7484 4040

Tim Richardson / Melanie Szalkiewicz

Evolution Securities (Broker)

Adam Lloyd Tel: +44 (0) 20 7071 4317

Redleaf Communications (PR Adviser) Tel: +44 (0) 20 7566 6700

Anna Dunkin / Lucy Salaman boomerang@redleafpr.com  

Boomerang Plus plc

Boomerang, founded in 1994, has extensive experience in producing content in a variety of genres, including extreme sports, youth programming, music, entertainment, children's programming, and drama.

The market for independent television production companies in the Nations and Regions has grown following quotas from the regulator Ofcom, which require that, depending on the broadcaster, between 10 per cent. and 50 per cent. of qualifying programming hours must be sourced from outside the M25 boundary.

Boomerang is ranked in the top three independent television production companies, by revenue, in the Nations and Regions according to the Broadcast Survey (Nations and Regions) 2009.

Boomerang's strategy is both to achieve strong organic growth by leveraging the Group's existing customer base coupled with strategic acquisitions, with a view to becoming a major supplier to UK networks looking to satisfy their Nations and Regions quotas.