Directors' dealings and issue of equity
10 April 2014
One Media iP Group Plc
("One Media" or "the Group" or "the Company")
Directors' dealings, exercise of warrants and issue of equity
One Media iP Group Plc (AIM: OMIP), the digital media content provider which
exploits intellectual property rights around music and video, announces that on
9 April 2014, to satisfy investor demand, the directors of the Company have
sold their warrants, or shares from the exercise of these warrants, to certain
institutional investors.
Michael Infante has sold 1,800,000 warrants, with an exercise price of 1.5p,
directly to one of the institutional investors, for tax purposes, for 12.5
pence per warrant. The investor has confirmed that it has immediately exercised
the warrants over 1,800,000 new ordinary shares.
A further 3,450,000 million warrants, with an exercise price of 1.5p, have been
exercised and immediately sold in full by the directors of the Company at a
price of 14p per share to other institutional investors, as set out in the
table below.
Name Role Number of Warrants
Exercised
Michael Infante Chairman & CEO 2,200,000
Roman Poplawski Non-Executive Director 750,000
Nigel Smethers Finance Director 250,000
Scott Cohen Non-Executive Director 250,000
Following these directors' dealings, there are no outstanding warrants issued
to the directors.
Application has been made for 5,250,000 new ordinary shares to be admitted to
trading on AIM, pursuant to the above mentioned warrant exercise, and it is
expected that admission will take place on or about 8.00 a.m. on 15 April 2014
("Admission").
Pursuant to the Admission, and the sale of the respective Directors ordinary
shares issued following the warrant exercise, the Director's beneficial holding
in the Company will be as follows:
Name Number of Shares post % Holding post Admission
Admission
Michael Infante 25,577,862 36.2%
Roman Poplawski 3,943,377 5.6%
Nigel Smethers 1,343,371 1.9%
Scott Cohen 500,000 0.7%
In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the
Company hereby notifies the market that immediately following Admission its
issued share capital will consist of 70,703,698 Ordinary Shares. The Company
does not hold any shares in treasury. Shareholders may use this figure as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
One Media iP Group Plc Chairman and Chief
Executive
Michael Infante Tel: +44 (0)175 378 5500
Cairn Financial Advisers LLP Nominated Adviser
Liam Murray / Jo Turner Tel: +44 (0)20 7148 7900
Charles Stanley Securities Limited Broker
Mark Taylor Tel: +44 (0)20 7149 6000
Yellow Jersey PR Limited Financial PR
Kelsey Traynor/Dominic Barretto/Philip Tel: +44(0)7799 003 220
Ranger
Notes to Editors:
The Group is a B2B and B2C digital content provider, exploiting intellectual
property rights around music and video. The Group specialises in acquiring and
repackaging nostalgic music and Film and TV programmes from recordings made
over the last 90 years. The Group operates from its offices at Pinewood Studios
and delivers its digital music and video content via aggregators to over 600
online digital stores such as iTunes, Spotify, Amazon, Deezer and YouTube.
Consumers download or stream the content via PCs, smart phones, internet
enabled music players and Smart TVs. Additionally, One Media makes its library
of content available for synchronisation purposes for TV shows, movies,
adverts, games and websites.
One Media focuses on music performed by well-known artists or songs 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. The Groups visual content
includes the 3000 Men & Motors programs, Skippy the Bush Kangaroo, the early
Sooty Shows and over 3000 nostalgic pop music videos, all exploited via
YouTube.
The Group does not invest in new bands or untested music. One Media is eligible
for Enterprise Investment Schemes ("EIS") and Venture Capital Trusts ("VCT").
The Group is profitable and has being paying a dividend since July 2011.