Yoomedia PLC
13 October 2003
YooMedia Plc ('YooMedia' or 'the Company')
Grant of Options
YooMedia, the digital TV and wireless entertainment company, announces that on
10 October 2003 the Company granted David Docherty, director in charge of
YooMedia's e-government division, YooPublica, options over 1,000,000 1p ordinary
shares in the Company. The exercise price is 31.2 pence, being the average
mid-market price for the previous five business days prior to the date of the
grant of options.
Michael Sinclair, Chairman and CEO of YooMedia commented, 'David was originally
appointed as a non-executive director of YooMedia to oversee our drive into the
e-government arena and foster the potential of Trigger TV. Since joining us,
David has opened the eyes of the Company to the incredible opportunities that
both e-government and Trigger TV represent to YooMedia and its shareholders.
Consequently, the Board was very pleased when David agreed to become an
executive director of the Company. The option package approved last week
follows a successful fundraising that provides a solid financial base to grow
these new areas of our business. This is an exciting time for us and our
shareholders and I look forward to reporting on our progress over the coming
months.'
For further information please contact:
Yoomedia Plc
Andrew Fearon
Chief Operating Officer 020 7462 0870
Seahorse Associates Ltd
John Murray
Public Relations 020 7553 6559
About YooMedia
YooMedia plc is a digital TV and wireless entertainment company that provides
services including chat, games and dating products. YooMedia has:
• the exclusive license for Tetris across UK digital cable and Freeview
• signed an exclusive partnership with Dateline to develop and launch all of
its interactive dating services on digital television
• invested in and launched the first ever games channel on Freeview called
Free2Play and have secured the right to run pay to play games on the
platform
• recently announced an agreement with ntl: Home to distribute all its
products on its digital interactive cable platform
• pioneered (and successfully trialed in partnership with Turner
Broadcasting) the use of mobile phones to interact in real time with a TV
programme. The Trigger TV technology is exclusive to YooMedia and protected
by a worldwide patent
• been selected by the government as the only dedicated interactive TV
company for the
• E-voting Framework
YooMedia plc is quoted on the AIM market of the London Stock Exchange.
www.yoomedia.com
This information is provided by RNS
The company news service from the London Stock Exchange
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