OMG PLC
10 April 2001
FOR IMMEDIATE RELEASE
10 April, 2001
OMG plc
FLOTATION ON THE ALTERNATIVE INVESMENT MARKET
OMG plc ('OMG' or 'the Group'), the company that delivers electronics and
software products based upon 3-dimensional information contained in 'the
moving image' to the entertainment, medical, scientific and engineering
industries, is pleased to announce the details of its flotation on the
Alternative Investment Market of the London Stock Exchange ('AIM').
Smith & Williamson is the Nominated Adviser to the issue and Teather &
Greenwood the Broker.
PLACING STATISTICS
Placing Price per Ordinary Share 75p
Number of Ordinary Shares in issue immediately prior to the Placing 41,102,000
Number of Ordinary Shares in issue immediately following the
completion of the Placing 48,930,947
Market capitalisation at the Placing Price £36.7m
Number of Ordinary Shares being placed pursuant to the Placing:
- by the Company 7,828,947
- by the Vendors 1,333,320
- total 9,162,267
Percentage of Enlarged Share Capital subject to the Placing 18.72%
Directors' interests as a percentage of the Enlarged Share Capital 34.86%
HIGHLIGHTS
* The business was founded in 1984 through a management buy-out from
Oxford Instruments plc.
* The Group has an established and profitable track record and an
experienced management team.
* For the year ended 30 September 2000 the Group had a turnover of £6.8
million and pre-tax profits of £1.0 million.
* The Vicon product family, which includes both software and proprietary
hardware, enables tracking of moving human subjects and other objects in
3-dimensions, using measurements from video cameras.
* The 2d3 software product family enables automatic reconstruction of the
3-dimensional path of a moving camera and the shape of objects in the
scene it observes, using the images recorded by the camera.
* The Group has proprietary design rights in its software and hardware
products.
* The business has established blue-chip international customers in the
medical, entertainment and science and engineering markets.
* The Directors believe there are significant potential markets for the
products of the Business.
Julian Morris, Chief Executive of OMG, commented:
'I am delighted with the response from investors. This flotation marks an
important step in OMG's future development and the funds raised will now give
us the financial resources to expand the business and fully exploit the market
opportunities that our technological lead gives us.'
- e n d s -
For further information:
Julian Morris, Chief Executive
OMG: www.omg3d.com
Tel: 01865 261800
Bobby Morse/Bobbie Swanson
Buchanan Communications
Tel: 020 7466 5000
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