ONE MEDIA IP GROUP PLC: Admission and First Day of Dealings on AIM
ONE MEDIA IP GROUP PLC: Admission and First Day of Dealings on AIM 18 April 2013
One Media iP Group Plc ("One Media" or "the Group" or "the Company") Admission and First Day of Dealings on AIM One Media iP Group Plc (AIM: OMIP), the digital media content provider which exploits intellectual property rights around music and video, is pleased to announce the admission of its shares to trading on AIM ("Admission"). Dealings will commence at 08:00am today. Simultaneously with Admission, the Company has raised £750,000 before expenses through a placing by Hybridan LLP of 9,375,000 new ordinary shares at a price of 8 pence per share (the "Placing"). Following the Placing, the Company has 64,003,068 ordinary shares in issue, giving One Media a market capitalisation of approximately £5.1 million. The funds raised in the Placing will be used to finance new content acquisition and it is the Company's intention to increase the size of the deals that are made. Cairn Financial Advisers LLP is acting as the Company's Nominated Adviser, and Hybridan LLP is acting as Broker to the Company. Originally founded by Chief Executive Officer and Chairman Michael Infante, One Media was admitted to the Plus SX Market in September 2006. One Media specialises in acquiring nostalgic content and then digitising it, before recompiling and delivering the digital music and video content, via its aggregator, directly to over 600 online digital stores. The Group has acquired approximately 80 music catalogues and the directors estimate that the Group owns and/or controls the rights to over 170,000 tracks. Although the Company focuses on mainstream artists with a proven audience from the last 90 years, the genre of music in the catalogues acquired varies widely, ranging from Rock to Pop and Classical to Spoken Word. This variety provides the Company with a diversified revenue stream. The tracks are generally acquired from bands, producers, record labels and family estates, and are actual `recorded performances' of the artists. One Media acquired its first video content in 2006, and has recently significantly escalated the investment in, and volume of, video content in its library. 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 the "Men & Motors" channel. This included a portfolio of approximately 1,600 hours of programming and over 3,000 different episodes, such as `Car Crazy Rio featuring Jeremy Clarkson' and `Motor Mania presented by Richard Hammond'. The acquisition took the Company's total video library up to over 5,000 varying programmes, including 20 early episodes of the "Sooty Show", first screened between 1950 and 1970. The Group also owns or controls the rights to several Spoken Word recordings, including over fifty hours of children's recordings performed by a collection of celebrities such as Rik Mayall, Bobby Davro, Lenny Henry, Judi Dench and Patrick Moore. In the year ended 31 October 2012, the Company had revenues of £2,089,941 (2011: £1,662,516) with profits before tax of £427,888 (2011: £330,810). One Media is debt-free, and paid two dividends over the course of 2012 totalling £70,974. Michael Infante, Chairman and CEO, commented: "We are very excited about the move to AIM, which remains the market of choice for ambitious companies like One Media. As we look to extend our catalogue we will need access to the funds AIM can provide. One Media is a profitable and debt-free company operating in an emerging market with significant growth potential and we look forward to providing excellent returns for our shareholders." For further information and to download the Company's Admission Document please visit www.onemediaip.com Enquiries: Michael Infante One Media iP Group PLC +44 (0) 175 378 5500 Chairman and CEO
Liam Murray Cairn Financial Advisers LLP +44 (0) 207 148 7900 Jo Turner Nominated Adviser
Claire Noyce Hybridan LLP +44 (0) 207 947 4004 Deepak Reddy AIM Broker
John West Tavistock Communications +44 (0) 207 920 3150 Simon Compton Public Relations Niall Walsh
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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