Placing of new shares

Newsplayer Group PLC 28 November 2003 28 November 2003 For immediate release Newsplayer Group plc ('NPG' or the 'Company') Placing of new shares with strategic partner NPG is pleased to announce, further to the statement made on 27 October 2003, that Strategic Investment Asia Group Japan Limited ('SIAG') has agreed to make a long-term strategic investment of £1 million in the Company through a subscription for 5,000,000 new ordinary shares of 1p each in the Company ('Shares') at a price of 20p per Share. SIAG has undertaken not to sell any of its shareholding within a 12-month period from the date of allotment. The Shares will be allotted to SIAG immediately that funds are received by NPG which is expected to be on or before 12 December 2003. In addition, David Holdgate, Chairman of NPG, has increased his shareholding by subscribing for 125,000 new ordinary Shares at a price of 20p per Share. In the following text it is assumed that the 5,125,000 Shares have all been allotted although 5,000,000 Shares cannot be allotted until the funds are received by NPG. The total placing proceeds of £1,025,000 raised through these issues will be used by the Company for additional working capital and this brings the total new funding raised by NPG since July 2003 to £2,256,000, before expenses. SIAG is a media and technology investment company based in Tokyo with US$100 million of investment capital, focused on the creation of a cross-platform streaming media and interactive broadcast group designed to benefit from the proliferation of low cost, high-speed networks around the world. SIAG has an existing investment in Japanese company Netdrome (www.netdrome.tv) which has developed an advanced video navigation system and is in negotiations with several other providers of digital media technology. SIAG is an existing customer of GMS, the recently-acquired NPG subsidiary based in New York, from which it already sources a variety of media services. Paul Duffen, CEO of NPG, commented 'We are delighted to have secured the interest of SIAG in the Company, which follows the successful integration of GMS within the enlarged group. I am also pleased to confirm that GMS is trading in line with our expectations at the time of its acquisition.' The shareholdings of the Directors of NPG are now as follows: Director Number of Percentage of issued ordinary shares share capital David Holdgate, Chairman 1,760,714 1.39 Paul Duffen, CEO 8,488,703 6.71 Adam Cohen (with Jennifer Sultan) 24,067,489 19.01 Barry Llewellyn 8,488,703 6.71 Reef Securities Limited * 7,724,422 6.10 Sir David Frost 3,333,333 2.63 ------------- -------------- Total 53,863,364 42.55 ============= ============== * Reef Securities Limited is the wholly owned investment vehicle of Steven Smith, Director. In addition, the interest of SIAG represents 3.95% of the issued share capital of the Company which now comprises 126,587,443 Shares. Application will be made today for the 125,000 Shares allotted to David Holdgate to be admitted to trading on AIM and dealings are expected to commence on 4 December 2003. Application will be made as soon as practicable for the 5,000,000 Shares to be allotted to SIAG to be admitted to trading on AIM and dealings are expected to commence on or before Thursday, 18 December 2003. - Ends - For further information, please contact: Paul Duffen Newsplayer Group plc +44 20 7927 6699 Alex Borrelli Shore Capital +44 20 7408 4090 Philip Ranger Merlin Financial +44 20 7606 1244 Notes to Editors: About Newsplayer Group plc Newsplayer Group plc is a media company that exploits rights and/or licences to television and cinema content and markets them globally to business, educational and consumer audiences using interactive technology. Revenues are generated from the licensing of content to third parties, from subscription and pay-per-view fees paid by consumers, and from shared advertising revenues. NPG has a range of on-line channels including: Newsplayer.com a thousand hours of 20th century news material from ITN and Reuters. Frost.tv hundreds of interviews conducted by Sir David Frost. Screenplayer.com Hollywood and showbiz footage. Birdstream archives of RSPB film unit. Video.tv hundred years of music videos from EMI. For more information about NPG, please visit: http://www.npg-plc.com This information is provided by RNS The company news service from the London Stock Exchange END IOEUWSRROKRAUAA
UK 100

Latest directors dealings