Last checked at 25 Jan 2021 07:00
One Media iP Group Plc - Director dealing and Issue of EquityOne Media iP Group Plc - Director dealing and Issue of Equity
PR Newswire
London, January 23
One Media iP Group Plc("One Media” or the "Company")
Director dealing and Issue of Equity
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, publisher and distributor, announces that on 21 January 2021 it received notification from Michael Infante, Chief Executive Officer of the Company, to exercise 500,000 options over ordinary shares at an exercise price of 2.75p each pursuant to the share options granted on 7 March 2011.
Accordingly, application has been made to the London Stock Exchange for the 500,000 new ordinary shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur on or around 28 January 2021 at 8:00 a.m. The new ordinary shares will rank pari passu with the existing ordinary shares.
Following Admission, the total number of ordinary shares in issue will be 222,446,249. The Company does not hold any shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Following the above exercise and Admission, Michael Infante will be interested in 26,077,862 ordinary shares in the Company, representing 11.72 % of the Company’s enlarged issued share capital.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Michael Infante | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | One Media iP Group plc | |||
| b) | LEI | 213800PAVPCE7JDBF341 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument | Options over ordinary shares of 0.5 pence each | |||
| Identification code | GB000B1DRDZ07 | ||||
| b) | Nature of the transaction | Exercise of options to acquire ordinary shares at an exercise price of 2.75p | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 2.75 pence | 500,000 | ||||
| d) | Aggregated information | n/a | |||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 22 January 2021 | |||
| f) | Place of the transaction | AIM, London Stock Exchange | |||
-Ends-
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged the release of this information is Michael Infante, Chief Executive Officer of the Company.
| 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, please visit www.omip.co.uk and http://www.harmonyip.com/
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.