RNS Number : 0877C
26 April 2012
26 April 2012
('OMG' or the 'Group')
Issue of Equity
OMG plc, (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries announces the issue of 98,896 new Ordinary Shares to Sacker Gooding.
As previously announced, OMG has entered in to a strategic partnership with BBH, one of the world's most respected advertising agencies, to play a lead role in assisting the development of OMG Life: the Group's direct-to-consumer division.
Ben Simonds-Gooding, Director at creative consultancy Sacker Gooding, was granted time out from his role at that organisation in order to serve as interim Marketing Director for OMG Life. Mr Simonds-Gooding assisted with the marketing planning for OMG Life, as well as overseeing the work of BBH in connection with the project.
The Board of Sacker Gooding has elected to receive part of the remuneration for Mr Simonds-Gooding's support in the form of OMG shares, in lieu of fees. Accordingly, application will be made for the 98,896 new Ordinary Shares to be admitted to AIM, with admission expected to become effective on 2 May 2012.
Commenting, OMG Chief Executive Officer Nick Bolton said:
"Ben Simonds-Gooding has been instrumental in establishing and overseeing the OMG Life project, bringing a great deal of marketing experience and support to the process. We would like to thank Ben and Sacker Gooding for all of the assistance they have given as OMG Life moves closer to product launch."
For further information please contact:
OMG plc +44 (0) 1865 261800
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting +44 (0) 20 7831 3113
Matt Dixon / Emma Appleton / Charles
Singer Capital Markets (NOMAD to OMG) +44 (0) 20 3205 7500
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing image understanding products and services for the entertainment, defence, life science and engineering industries.
Be it for capturing the movements of actors (for the movie industry),sportsmen (for video games or improving team performance), or children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries); or recording the condition of highways and the assets that surround them; or even providing image intelligence and situational awareness from drone aircraft. Through this diversified offering the Group has earned its strong international reputation for precision from pixels.
Founded in 1984, the Group is headquartered in Oxford, UK, and has four offices in the US and two in the UK. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through four operating subsidiaries: Vicon, the world's largest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for defence applications, Yotta, our highways surveying business and OMG Life our new consumer subsidiary.
The Group's global clients spanning the worlds of science, medicine, sport, engineering, gaming, film and broadcast include: major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre and Loughborough University, engineering industry leaders including: Ford Motor Company, BMW, Airbus and Toyota, and in the entertainment sector; Sony, Industrial Light and Magic, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA and Square Enix. In surveying clients include: Atkins and Oxfordshire, Cumbria, Derbyshire and Pembrokeshire County Councils as well as many others.
For more information about OMG and its subsidiaries, visit www.omgplc.com, www.vicon.com, www.2d3.com, www.yottadcl.com.
This information is provided by RNS
The company news service from the London Stock Exchange