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Spread: 0.40 (9.756%)
Market Cap: £9.57m
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Update on Final Results and AGM

17 Mar 2017 15:31

One Media iP Group Plc - Update on Final Results and AGM

One Media iP Group Plc - Update on Final Results and AGM

PR Newswire

London, March 17

17 March 2017

One Media IP Group Plc

(“One Media” or the “Group”)

Update - Final Results and Notice of AGM

One Media iP (AIM: OMIP), the digital media content provider which exploits intellectual digital property rights around music, video and spoken word provides an update further to announcement made by the Company on 28 February 2017.

In the announcement made on 28 February 2017, the Company advised that it would release its results for the year ended 31 October 2016 on 20 March 2017.

The Company will delay publication of its results as it has decided to amend the accounting treatment of the $75,947.38 (US Dollars: seventy five thousand nine hundred and forty seven and thirty eight cents) monies received by the Company in relation to the HHO Licensing Ltd, Henry Hadaway Organisation Limited and Henry Hadaway action - (see announcement made by the Company on 20 February 2017), by reclassifying it as a liability, as opposed to a contingent liability.

The Board expects to notify its Final Results on or around 22 March 2017. The Company’s AGM is still planned to be held on 21 April 2017.

For further information, please contact:

One Media iP Group Plc
Chairman and Chief ExecutiveMichael InfanteTel: +44 (0)175 378 5500
One Media iP Group Plc
Corporate CommunicationsAlice Dyson-JonesTel +44 (0)175 378 5501
Cairn Financial Advisers LLP
Nominated Adviser
Liam Murray / Jo TurnerTel: +44 (0)20 7213 0880
Panmure Gordon (UK) Limited
Broker
Karri VuoriTel: +44 (0)20 7886 2500
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