Yoomedia PLC
04 March 2005
4 March 2005
YooMedia plc
Additional Listing and business wins
The board of YooMedia plc ('YooMedia' or 'the Company') announces that it has
authorised the issue and allotment of 1,919,122 new ordinary shares of 1 pence
each in the Company ('Ordinary Shares'), credited as fully paid, to satisfy the
deferred element of the consideration for the acquisition of Whoosh Group
Limited, which was completed in July 2004.
Dr Michael Sinclair, chairman of YooMedia, said: 'The fact that we are paying
the maximum number of ordinary shares owed under the deferred element of the
consideration reflects the positive trading experienced by Whoosh since its
integration into the YooMedia Mobile division. Creating a mobile interactive
dimension for programmes such as 'Who Wants To Be A Millionaire', in partnership
with Celador and ITV, has proven the value of the proposition.'
'The growth of YooMedia Mobile within the interactive broadcast and marketing
arena is a key part of the Company's strategy and we continue to score successes
in this division. These include agreements with BSkyB to add an SMS interactive
dimension to two programmes airing on the Sky One channel: 'Entertainment
Tonight' and 'Dragon Quest'.
Application has been made for 1,919,122 Ordinary Shares to be admitted to
trading on AIM and it is expected that admission will occur on 9 March 2005.
Further information
YooMedia
David Docherty, chief executive 020 7462 0870
Powerscourt PR
John Murray 020 7236 5615
This information is provided by RNS
The company news service from the London Stock Exchange
MBPA
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