ONE MEDIA IP GROUP PLC: Proposed Admission To AIM & Notice of AGM
ONE MEDIA IP GROUP PLC: Proposed Admission To AIM & Notice of AGM 4 April 2013
One Media iP Group Plc ("One Media" or "The Group") Proposed Admission to AIM & Notice of AGM One Media, the profitable Netlabel, consolidator and acquirer of music and video rights, announces that it is seeking Admission of its shares to AIM. The Group intends to raise up to £750,000 by way of a Placing through Hybridan LLP. One Media is being advised by Cairn Financial Advisers, which is acting as Nominated Adviser, and Hybridan LLP which is acting as Broker and is currently ISDX Corporate Adviser. One Media was founded by Michael Infante the Group's Chairman and Chief Executive Officer and listed on the Plus SX Market in September 2006 with a strategy to acquire entertainment content and digitise this media to exploit the shift from physical to digital formats. The Group specialises in acquiring and recompiling nostalgic music and TV programmes from the last 90 years. The Group delivers digital music and video content via its aggregator and directly to over 600 online digital stores. The Group's music catalogue is made up of mainstream music and has evolved through the acquisition of catalogues. To date, the Group has acquired approximately 80 catalogues and the Directors estimate that the Group owns and/ or controls the rights to over 170,000 tracks, with a broad genre-mix. Recordings range from Rock to Pop and Classical to Spoken Word. The catalogue provides the Group with a diversified revenue stream. The tracks are actual `recorded performances'; typically acquired from bands, producers, record labels and family estates. The Group acquired its first video content in 2006 in collaboration with the Late Gerry Anderson's 1980's stop motion series, Dick Spanner. During 2012, the Group increased its video content and invested in programming to enhance its video library. The library currently consists of over 5,000 varying programmes including 20 early episodes of the "Sooty Show", first screened between 1950 and 1970. In December 2012, the Group announced that it had acquired the entire library of rights, from Granada Television Productions Limited and ITV Digital Channels Limited, of "Men & Motors" which comprise a portfolio of approximately 1,600 hours of programming and over 3,000 different episodes. The Group owns or controls the rights over certain Spoken Word recordings, including over 50 hours of children's recordings performed by a collection of celebrities such as, Rik Mayall, Anita Harris, Bobby Davro, Lenny Henry, Judi Dench and Patrick Moore. The Company is seeking to move from ISDX to AIM in order to take advantage of AIM's high profile, broad investor base, liquidity and access to institutional investors for the Placing and future fund raising. The Company intends to use the Placing proceeds to continue the financing of content to enhance its offering and increase its foothold within its market place. Michael Infante, Chief Executive Officer of One Media, commented: "The One Media management team has a strong track record of delivering significant shareholder value and will now look to build on the Company's success as we work to become a leading player in the market for digital rights. In addition to raising our profile, the AIM listing will provide the Company with access to capital in the future, supporting our strategy of acquiring rights and building our portfolio." One Media also gives notice of its Annual General Meeting ("AGM") to be held at 15:30 a.m. on Wednesday 17 April 2013 at the Company's offices at Pinewood Studios, Large Board Room, Main Administration Building, Pinewood Road, Iver Heath, Buckinghamshire, SL0 0NH. Copies of the notice of AGM is also available on One Media's website at www.onemediaip.com For further information please visit www.onemediaip.com or contact: Michael Infante One Media iP Group plc +44 (0) 1753 785500 Chairman and CEO
Claire Noyce/Deepak Reddy Hybridan LLP, + 44 (0) 20 7947 4004
ISDX Corporate Adviser
John West/Simon Compton/ Tavistock Communications +44 (0) 20 7920 3150 Niall Walsh
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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 170,000 music tracks and over 5,000 hours of video by recompiling the content for sale through over 600 digital music and video stores worldwide. The Company has a team of Creative Technicians who digitise the content, create the metadata and re-compile and prepare the digital music & video releases using bespoke in-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 database system that enables music supervisors to explore the library and select tracks for 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 and over 1,000 hours of classical music.
One Media is eligible for Enterprise Investment Schemes ("EIS") and Venture Capital Trusts ("VCT").
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