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
23rd Dec 20098:47 amRNSHolding(s) in Company
23rd Dec 20098:16 amRNSAcquisition
15th Dec 20097:00 amRNSDisposal
2nd Dec 20099:26 amRNSIssue of Equity
26th Nov 200911:08 amRNSSale of Assets
23rd Nov 20097:00 amRNSRe Contract
13th Nov 20092:54 pmRNSDirectorate Change
10th Nov 20097:00 amRNSAcquisition
2nd Nov 20096:15 pmRNSResult of Meeting
30th Oct 20093:38 pmRNSTotal Voting Rights
13th Oct 20097:00 amRNSShare Swap
9th Oct 20095:11 pmRNSNotice of EGM
5th Oct 20093:00 pmRNSIssue of Equity
1st Oct 20095:54 pmRNSTotal Voting Rights
25th Sep 20099:46 amRNSUpdate on Investment
24th Sep 20095:21 pmRNSGrant of Share Options
9th Sep 20097:00 amRNSHalf Yearly Report
8th Sep 20091:03 pmRNSIssue of Equity
28th Aug 20094:30 pmRNSTotal Voting Rights
19th Aug 20095:16 pmRNSChange of Nomad
4th Aug 20097:00 amRNSIssue of Equity
31st Jul 20093:05 pmRNSTotal Voting Rights
27th Jul 20096:26 pmRNSResult of AGM
21st Jul 20093:53 pmRNSIssue of Equity
16th Jul 20092:37 pmRNSUpdate on Investment & Director Details
10th Jul 20096:25 pmRNSUpdate on director details
24th Jun 20092:24 pmRNSFinal Results
8th Jun 20094:40 pmRNSVMG Update and TVR
7th May 20097:00 amRNSInvestment, Change of Broker and Issue of Equity
7th May 20097:00 amRNSTrainFX Disposal
30th Apr 20093:12 pmRNSTotal Voting Rights
20th Apr 200912:39 pmRNSInvestment
3rd Apr 200910:25 amRNSInvestment and Placing
31st Mar 200911:34 amRNSTotal Voting Rights
31st Mar 200911:25 amRNSInterim Results
13th Mar 20094:27 pmRNSInvestment and Placing
27th Feb 20095:14 pmRNSBoard Appointment and TVR
25th Feb 20093:59 pmRNSChange of Accounting Date
4th Feb 20097:00 amRNSIssue of Equity
31st Dec 20087:00 amRNSTotal Voting Rights
29th Dec 20081:56 pmRNSResults of AGM and EGM
8th Dec 20086:19 pmRNSShareholdings
3rd Dec 20081:25 pmRNSre Notice of Meeting
28th Nov 20085:10 pmRNSTotal Voting Rights
28th Nov 20085:00 pmRNSFinal Results
28th Nov 20084:59 pmRNSInvestment disposal, new investing strategy
13th Nov 20087:00 amRNSSubscription, Board Changes and Intended Disposal
29th Sep 200811:46 amRNSCapital Reorganisation and Result of EGM
8th Sep 200812:09 pmRNSCapital Reorganisation & Circ
13th Aug 200810:11 amRNSUpdate on Litigation

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.