New Contract and Acquisition

 

TIDMHOL 
 
RNS Number : 2362W 
Hollywood Media Services plc 
24 July 2009 
 

24 July 2009 
Hollywood Media Services Plc 
("HMS" or the "Company") 
New Contract and Acquisition 
The Company is pleased to announce that it has been awarded a contract to supply 
catering services to the Thames Valley Police Authority (the "TVP Contract"). 
The TVP Contract is a fixed term contract which expires on 28 February 2013 and 
the Directors believe it could provide approximately GBP0.5 million of revenue 
and GBP0.2 million of gross profit per year. 
The TVP Contract which was previously managed by Wood Hall Events and Catering 
Limited ("WHECL") has, at the request and with the agreement of the Thames 
Valley Police Authority, been novated in favour of the Company.  Accordingly, as 
part of the novation the Company has also agreed heads of terms to purchase 
certain assets from WHECL which are necessary in order to provide the services 
required under the TVP Contract. In consideration for the novation of the 
contract and the sale of the related assets, the Company will issue to WHECL, 
credited as fully paid, up to 47.5 million non voting preference shares of 
0.125p each in the Company, on the first anniversary of the date of the novation 
of the TVP Contract, being 22 July 2010. These preference shares upon issue will 
rank pari passu in all respects with the existing non voting preference shares 
then in issue. 
Following the trading statement released on 25 June 2009, trading on AIM in the 
Company's ordinary shares remains suspended pending the stabilising of the 
Company's working capital position and the publication of the Company's Report 
and Accounts for the year to 31 December 2008. 
For further information please contact: 
+--------------------------+----------------------------+----------------+ 
| Enquiries:               |                            |                | 
+--------------------------+----------------------------+----------------+ 
| Martin Eberhardt         | Hollywood Media Services   |  020 7332 2200 | 
|                          | Plc                        |                | 
+--------------------------+----------------------------+----------------+ 
| Tony Rawlinson / Antony  | Dowgate Capital Advisers   |  020 7492 4777 | 
| Legge                    | Limited                    |                | 
+--------------------------+----------------------------+----------------+ 
| Alex Davies              | Merchant Capital Limited   |  020 7332 2200 | 
+--------------------------+----------------------------+----------------+ 
www.hmservicesplc.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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