Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRAM.L Regulatory News (RAM)

  • There is currently no data for RAM

Statement re Agreement

7 Dec 2011 15:11

RNS Number : 5486T
RAM Active Media PLC
07 December 2011
 



FOR IMMEDIATE RELEASE 7 December 2011

 

 

RAM ACTIVE MEDIA PLC

 

("RAM" or the "Company")

 

Agreement

 

 

RAM, the investor in Digital out of Home ('DOOH') media, communications and Intellectual Property, is pleased to announce that it has agreed, subject to contract, with CETEC Europe Limited ("CET") to establish a joint venture with respect of its operating subsidiary, TrainFX Limited ("TrainFX").

 

Under the terms of the Heads of Agreement, CET will subscribe £500,000 in cash for shares in a new company to be established as the joint venture company ("Newco"). Ram will transfer part of the business and assets of TrainFX into Newco in exchange for a 30% interest in Newco plus £33,000 in cash. In addition, Ram will receive a royalty of 5% of Newco sales in the UK, 1% of sales in China, and 2% of sales to the rest of the world for a period of four years of the date of the transaction.

 

As part of the agreement, CET will use all reasonable endeavours and act in good faith to provide RAM with full access to its contracts on the digital out of home and transit media market in China and the rest of the World, with a view to promoting RAM as its preferred partner in relation to digital media products. RAM currently operates media advertising and sales activities in the UK digital out of home market and is the largest Shopping Mall landscape screen provider broadcasting to an annual footfall of over 650m.

 

CET is owned by Changzhou Evergreen Transport Technology Co., Ltd ("CETT"), part of the Changzhou Evergreen Group. CETT is a China based manufacturer of rail and metro products and supplies several of the major European and Chinese train manufacturers.

 

A further announcement will be made in due course.

 

For further information please call:

 

Tim Baldwin RAM Active Media plc 0207 518 4303

 

Sandy Jamieson Libertas Capital Corporate Finance Limited 0207 569 9650

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
JVEDKODKPBDDCBK
Date   Source Headline
20th Jan 20141:03 pmRNSLoss of Nominated Adviser
12th Dec 20139:53 amRNSStatement re Court Filing
21st Nov 20132:50 pmRNSStatement re RAM Vision Ltd. update
20th Nov 20135:57 pmRNSStatement re RAM Vision Ltd. update
21st Oct 20135:30 pmRNSStatement re Ram Vision Ltd.
11th Sep 20137:00 amRNSWithdrawal of General Meeting requisition
5th Sep 20137:30 amRNSSuspension - RAM Active Media Plc
5th Sep 20137:00 amRNSStatement re. Funding and Suspension
27th Aug 20132:17 pmRNSStatement re Requisition of General Meeting
7th Aug 20134:06 pmRNSTrading Statement
31st Jul 20135:49 pmRNSAGM Statement
2nd Jul 20132:39 pmRNSHolding(s) in Company
28th Jun 201312:10 pmRNSAnnual Financial Report
25th Jun 20132:44 pmRNSPlacing and Issue of Equity
21st Jun 20139:42 amRNSTrainFX Update
5th Jun 20135:54 pmRNSHolding(s) in Company
5th Jun 20135:52 pmRNSHolding(s) in Company
5th Jun 20135:41 pmRNSHolding(s) in Company TR1
3rd Jun 20135:53 pmRNSReplacement: Issue of Equity
29th May 20133:11 pmRNSIssue of Equity
24th May 20138:55 amRNSWithdrawal of request for General Meeting
15th May 20132:43 pmRNSAGM request under Section 303
14th May 20133:00 pmRNSDirectorate Change
13th May 201312:09 pmRNSBalance Sheet restructuring and Issue of Equity
23rd Apr 20132:55 pmRNSDirectorate Change
10th Dec 20124:15 pmRNSResult of GM and Total Voting Rights
29th Nov 20125:43 pmRNSHolding(s) in Company
22nd Nov 20125:49 pmRNSIssue of Equity and TVR
21st Nov 20127:01 amRNSNotice of GM and Capital Reorganisation
21st Nov 20127:00 amRNSHeads of Terms agreed to form Joint Venture
3rd Oct 20127:00 amRNSRAM Vision wins new Iconic screen contract
28th Sep 20127:00 amRNSHalf Yearly Report
18th Sep 20127:00 amRNSRe contract win with UK Commercial Property Trust
17th Sep 20127:00 amRNSRe Contract with Land Securities
17th Sep 20127:00 amRNSRe Contract with Land Securities
28th Aug 20122:54 pmRNSHolding(s) in Company
17th Aug 201211:30 amRNSIssue of Equity and Total Voting Rights
10th Aug 201211:02 amRNSResult of AGM
31st Jul 20127:00 amRNSShowcase installation of 3D iconic screen
20th Jul 201211:02 amRNSStratford Contract
9th Jul 20127:00 amRNSRe Contract
4th Jul 20127:00 amRNSCooperation with Centrepoint Charity
28th Jun 20123:31 pmRNSIssue of Equity from Equity Funding
28th Jun 20123:30 pmRNSAnnual Financial Report
21st Jun 20127:00 amRNSAgreement with Capital & Regional
23rd May 20127:00 amRNSDirectorate Change
10th May 20122:58 pmRNSHolding(s) in Company
3rd May 20129:57 amRNSIssue of Equity
29th Feb 20127:00 amRNSChange of Broker
28th Feb 20127:00 amRNSTrade update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.