Last checked at 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.
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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.