Directorate Change and update

One Media iP Group Plc

("One Media" or "the Group" or "the Company")

Directorate change and update

Directorate change

One Media iP Group Plc (AIM: OMIP), the digital media content provider, which consolidates, exploits and monetises intellectual property rights around music and video, is pleased to announce that it has appointed Philip Miles as a director of the Company.

Philip joined the company in 2006 and was appointed as a director of One Media iP Limited in April 2007.  His area of expertise has been in technical development for the Company on its internal ingestion systems and most recently on TCAT (Technical Copyright Analysis Tool).

Nigel Smethers, the Finance Director is due to retire under rotation at the forthcoming AGM.  The board will not be seeking his re-election. Nigel will stay with the Group as Company Secretary and Financial Controller until a new Finance Director is appointed.

Update

In light of the current challenges faced by the Company the directors have agreed to a reduction in their salaries of circa 20 per cent.  This will be reviewed quarterly in line with results.

In order to motive and reward key employees and directors of the Company, and to align their interests with shareholders, the board is considering issuing further share options which would vest subject to the achievement performance criteria.  A further announcement will be made in due course.

Board changes to our subsidiary One Media iP Ltd.

A further strategic realignment of the Group sees Alice Dyson-Jones promoted to Commercial director to the One Media iP Limited subsidiary board and Mary Kuehn will leave the subsidiary board as a Non-Executive Director and take up the role as the Executive Sales Consultant for North America.

Michael Infante (CEO & Chairman) commented:-

“As our Group enters a new stage of digital development we must put into place the skill sets that will serve the Group moving forward.

Nigel’s retirement from the full responsibilities of a director will require a candidate with a specialist skill set to meet our new challenges. Nigel’s relentless energy and involvement in the Groups founding development cannot be more appreciated and respected by me for which I thank him.

Philip Miles has worked alongside me in technical development for 20 years, both in my previous company and here at One Media. As we enter a more demanding market for technical services, especially with our in-house developed service TCAT, it is only right that we have technical representation at board level.  Our principal subsidiary company One Media iP Limited, which is responsible for day-to-day operations, also requires change in line with the shifting market.  We will be aggressively marketing our content in the world of ‘neighbouring rights’ and need to turn our attention to both sales and marketing in this arena.

Mary Kuehn joined the One Media iP Limited board in 2010 as a Non-Executive. She now moves off that board to take up a sales consulting position in North America on our behalf.

Alice Dyson-Jones joined the company in November 2014 as Brands & Communications Manager. Her sales and marketing expertise together with her commercial knowledge of our industry now sees her promoted to Commercial Director of One Media iP Limited. She will spearhead our broadcast opportunities with Men & Motors and oversee our Neighbouring rights initiatives. She will continue to oversee Corporate Communications.

As I stated in my Chairman’s statement on the 7 March 2015, One Media will do what it has to do to get ahead of the digital curve”.

For further information, please contact:

One Media iP Group Plc Chairman and Chief Executive Michael Infante	Tel: [phone]
One Media iP Group Plc Corporate Communications Alice Dyson-Jones	Tel [phone]
Cairn Financial Advisers LLP Nominated Adviser Liam Murray / Jo Turner	Tel: [phone]
Panmure Gordon (UK) Limited Broker Fred Walsh	Tel: [phone]

Notes to Editors:

Based at Pinewood Studios, One Media is an intellectual property (iP) owner and controller of rights within the digital arena concerning music, video and digital distribution. The consumer led but B2B (Business-to-business) operation looks to exploit its catalogue of over 250,000+ music tracks and over 10,000 hours of video by recompiling the content for sale through over 600 digital music and video stores groups such as iTunes, Spotify, Amazon and You Tube worldwide.  The Company has a team of Creative Technicians, all of whom are YouTube certified, who digitise the content, create the metadata, re-compile and prepare the digital music & video releases using bespoke in-house developed software.  From its 23 YouTube channels, viewing figures have exceeded 1.3bn views to date. The Group acquired the Men & Motors assets, brand and film archive from Granada/ITV in 2012 and has subsequently launched its dedicated You Tube digital channel, which now have over 55,000 subscribers, and receives over 450,000 views per week. One Media makes its library of audio content available for TV shows, movies, adverts and websites and live events requiring background or synchronisation rights. 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.  In July 2014 the Group acquired for a consideration of USD$1.6m the Point Classics classical music library bringing the number to over 10,000 classical tracks now available to the Group for exploitation.  One Media is eligible for Enterprise Investment Schemes ("EIS") and Venture Capital Trusts ("VCT"). The company is profitable, cash resourced and has operated an active dividend policy since 2011.