Last checked at 22 May 2020 07:00
One Media iP Group Plc - AGM StatementOne Media iP Group Plc - AGM Statement
PR Newswire
London, May 20
22 May 2020
One Media iP Group Plc
("One Media", or the "Company")
AGM STATEMENT
Solid pipeline of opportunities ahead
One Media iP Group Plc (AIM: OMIP), the intellectual property rights acquirer, publisher, distributor in music, video and copyright technology, is holding its Annual General Meeting ("AGM") today. In compliance with the UK Government's social distancing guidelines, arrangements have been made for the meeting to be held on a virtual basis using powers contained in our articles of association. Shareholders will have received access details with the AGM mailing.
At the AGM, Claire Blunt , Non-Executive Chair of One Media, will provide the following update:
“I am pleased to report that we have continued the positive momentum outlined in our 6 May 2020 statement, with trading remaining in line with Board expectations. I am also delighted that One Media is one of the few businesses which has been able to declare a dividend in challenging macro-economic times.
“As indicated in the 2019 Final Results statement, One Media has continued to make advancements in focusing its proprietary Technical Copyright Analysis Tool (“TCAT”) that automates the task of monitoring digital music releases and identifying instances of unauthorised releases on legitimate music stores. We continue to see increased interest in TCAT’s features from some of the major players in the music industry and we will continue to explore opportunities to enable further investment in the technology and scale this pioneering platform.
“One Media also remains focused on looking at possibilities to grant music rights holders’ advanced access to the future earnings of their intellectual property (“IP”) by purchasing a portion of their rights upfront. Our Harmony IP platform will look at offering the industry a form of asset release in music IP. This would allow the Company to spread its investment across further catalogues, partnering with artists and composers, while using its expertise and TCAT to expand earnings for all parties.
“Finally, and as part of a wider PR & IR campaign which will be evident in the upcoming period, we have re-launched our corporate website at www.omip.co.uk. Having already made a notable start to 2020, and with the announcement of a return to our dividend policy, the Group will continue to focus on growth and will look to maximise its potential given the current global situation throughout 2020. I therefore look to the future of the industry and your Company with confidence.”
-Ends-
| One Media iP Group Plc Michael Infante – CEO Claire Blunt – Chairman | +44 (0)175 378 5500 +44 (0)175 378 5501 |
| Cairn Financial Advisers LLP (Nominated Adviser) Liam Murray Jo Turner Ludovico Lazzaretti | +44 (0)20 7213 0880 |
| Cenkos Securities plc (Broker) Max Hartley Max Gould Michael Johnson (Sales) | +44 (0)20 7397 8900 |
| Yellow Jersey PR (PR & IR) Charles Goodwin Annabel Atkins | +44 (0)20 3004 9512 |
About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and distributor. The Group specialises in purchasing and monetising intellectual property rights with proven, repeat income streams. One Media adds value to its content by maximising its availability in over 600 digital stores globally, including Apple Music, YouTube, Amazon and Spotify.
One Media’s music is also widely used for synchronisation in film, TV and digital gaming whilst its video content is primarily viewed on YouTube where One Media operates over 20 YouTube channels as a certified partner.
One Media is listed on the London Stock Exchange on the AIM index, under the symbol ‘OMIP’.
For further information: www.omip.co.uk