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Exercise of options and issue of equity

23 Oct 2013 07:00

ONE MEDIA IP GROUP PLC - Exercise of options and issue of equity

ONE MEDIA IP GROUP PLC - Exercise of options and issue of equity

PR Newswire

London, October 22

One Media iP Group Plc ("One Media" or "the Group" or "the Company") Exercise of options and issue of equity One Media iP Group Plc (AIM: OMIP), the digital media content provider whichexploits intellectual property rights around music and video, announces that100,000 options, at an exercise price of 2.75p, were exercised on 22 October2013. The gross proceeds of the exercise amounts to £2,750.00. Accordingly, application has been made for 100,000 new Ordinary Shares to beadmitted to trading on AIM and it is expected that admission will take place onor about 8.00 a.m. on 28 October 2013 ("Admission"). In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) theCompany hereby notifies the market that immediately following Admission itsissued share capital will consist of 64,953,698 Ordinary Shares. The Companydoes not hold any shares in treasury. Shareholders may use this figure as thedenominator for the calculations by which they will determine if they arerequired to notify their interest in, or a change to their interest in, theCompany under the FCA's Disclosure and Transparency Rules. Enquiries: Michael Infante One Media iP Group PLC +44 (0) 175 378 5500 Chairman and CEO Liam Murray/Jo Turner Cairn Financial Advisers LLP, + 44 (0) 2071487900 Nominated Adviser Claire Noyce/William Lynne Hybridan LLP, AIM Broker +44 (0) 207 947 4350/ 4361 John West/Niall Walsh Tavistock Communications, +44 (0) 207 920 3150 Public Relations Notes to Editors: One Media is a digital music and video rights owner. The consumer led but B2B(Business-to-business) operation looks to exploit its catalogue of over 170,000music tracks and over 5,000 hours of video by recompiling the content for salethrough over 600 digital music and video stores worldwide. The Company has ateam of Creative Technicians who digitise the content, create the metadata andre-compile and prepare the digital music & video releases using bespokein-house software. Additionally, One Media makes its library of content available for TV shows,movies, adverts, games and websites. One Media operates an online sync databasesystem that enables music supervisors to explore the library and select tracksfor music briefs. One Media focuses on music performed by well known artists from every genre,including; pop, rock, reggae, R&B, children's music, karaoke, jazz, soul,blues, rap, hip-hop, gospel, world-music, plus stand-up comedy, spoken-word andover 1,000 hours of classical music. One Media is eligible for Enterprise Investment Schemes ("EIS") and VentureCapital Trusts ("VCT").

END

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