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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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| Vision Media | LSE:VMG | London | Ordinary Share | GB00B23Z3283 | ORD 1P |
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Vision Media (VMG) Share Charts1 Year Vision Media Chart |
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| Date | Time | Title | Posts |
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| 12/10/2010 | 20:51 | *** Vision Media Group *** | 121 |
| 18/7/2008 | 11:21 | VMG digital out of home | 40 |
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Posted at 20/7/2010 21:32 by goggin sold for 25K to this crowd - will we ever see a penny?Report reveals sorry state of Vision Media Group's affairs Monday, 21 September 2009 A report from administrators Tenon has revealed that the collapse of Vision Media Group in the summer was brought about by soaring debts, a lack of profit and an inability to raise additional funding for the ailing business. VMG's shopping centre screens It is now clear that the Cheshire-based firm went into administration in July with debts amounting to £4m. Over the six months preceding that its losses ranged from £96,000 in January to £86,000 in June. April was the firm's best performance out of that period, with losses pared back to £51,000. VMG - a shopping centre media owner that developed its own technology, such as the Iconic Pod system - ultimately failed to record a profit during its lifetime. Set up in 2003 it recorded a series of seven figure losses, peaking at £7.1m in the year ending 31 December 2008. Trafalgar Capital was reported to the firm's largest single creditor and was owed £2.75m. A lack of advertising revenue, as a result of the financial downturn, and an inability to raise the funds needed to keep the business afloat eventually heralded its demise. The assets of the firm have now been sold to VMG Global, which is run by former Vision Media chairman Mike Cottman and chief executive Dominic Brookman. VMG global paid £25,000 for the assets, as well as a mixture of shares and a proportion of future profits from the enterprise. |
Posted at 29/6/2009 13:52 by knowing No idea but the small buys have actually moved up the online buy price. Hopefully see some action shortly. |
Posted at 25/6/2009 10:46 by ljsquash Well hopefully that has saved VMG from administration long enough to actually bring in some money? |
Posted at 25/6/2009 10:44 by knowing Funding sortedLoan Agreement (Vision Media) TIDMVMG RNS Number : 4883U Vision Media Group (Intl) PLC 25 June 2009 ? +------------------- | Press Release | 25 June 2009 | +------------------- Vision Media Group (International) plc ("VMG" or "the Company") Loan agreement Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that it has agreed a new debt facility of GBP250,000 from a recent new investor in VMG. The loan will have a five year term with an interest rate of 1.5% over LIBOR paid annually in arrears. The loan will have a fixed and floating charge over the Company and will be subordinated to Trafalgar Capital LLP and rank pari passu to the Mike Cottman and Eric Anstee charges. By way of additional security and as an incentive to agree to the new facility, board member Mike Cottman has agreed to provide the investor with shares in VMG Global Limited ("VMG Global"), a business which has been established to develop the non-UK VMG product and service offering under licence from the Company as announced on 28 May 2008. The new investor will provide free of charge consultative resources to both the Company and VMG Global, which should assist the Company in developing income via the licence agreement with VMG Global. VMG retains an ongoing royalty payment from VMG Global which is currently 10% of the net income to be derived from the international business. This royalty payment will move to 5% of net income for the period May 2010 to April 2011 and then 2% from May 2011 up until May 2033 when the licence ends. Mike Cottman, Executive Chairman of VMG, said: "We are extremely pleased to have secured an agreement from a new investor for this loan facility. The extra financing will contribute to the Company's working capital and ongoing liquidity issues which continue to remain extremely challenging." - Ends - |
Posted at 09/6/2009 20:31 by steddieddie Did you guys notice that while VMG may well be about to unload TrainFX, Mike Cottman, the Executive Chairman, doesn't exactly intend parting company with it himself.He could have just breathed a sigh of relief but, instead, I see he has taken a near 4% stake in RAM, the Company that's taking in on. Might be worth noting. If you agree the new RAM thread is here: |
Posted at 09/6/2009 12:54 by knowing TIDMVMG RNS Number : 6061T Vision Media Group (Intl) PLC 09 June 2009 ? +------------------- | Press Release | 9 June 2009 | +------------------- Vision Media Group (International) plc ("VMG" or "the Company") TrainFX Option Agreement and Loan Further to the announcement made on 7 May 2009, Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that AIM-listed RAM Investment Group Plc ("RAM") has now completed the Option Agreement to acquire, with a long stop date of 31 August 2009, the remaining 50.1% of TrainFX ("TrainTV") which RAM does not already own at a price of GBP1,240,000, consisting of cash of GBP785,000, RAM shares with a value of GBP425,000 and circa GBP30,000 of loan notes to be issued by RAM, with all cash elements being used to pay down part of VMG's existing debt facility with Trafalgar Capital Partners LLP.This option, which has yet to be called by RAM, is subject to the approval of VMG's shareholders. The completion of this transaction provides VMG with an overall enterprise value of circa GBP2.16 million for the TrainTV business. For the year ended 31 December 2007 Train TV made a loss of GBP0.56 million on turnover of GBP0.03 million. As at 31 December 2007 it had net liabilities of GBP1.7 million. For the year ended 31 December 2008 the draft results show that TrainFX made a loss of GBP0.5 million on turnover of GBP0.02 million and that as at December 2008 it had net liabilities of GBP2.2 million. In addition, VMG also announces that the Company has entered into a commercial loan facility with RAM for up to GBP200,000 payable in tranches to VMG at RAM's call. The loan is to facilitate the running of Train FX Limited. The first tranche of GBP76,500 has been drawn down. The loan carries an interest rate of libor plus 1.5% payable upon redemption. The redemption date for the loan is 31 August 2009. Mike Cottman, Executive Chairman of VMG, said: "The completion of the details for the Option Agreement is another important step in the process for the full disposal of our TrainFX asset and we now fully expect RAM to exercise their Option to complete the transaction in the time frame as outlined. RAM's continued support with this new commercial loan is an important contribution which allows the Company to continue to fund the TrainFX operation until the expected completion, effectively helping to remove this cost burden from our overhead." - Ends - |
Posted at 07/5/2009 15:11 by knowing TIDMVMG TIDMRAM RNS Number : 8209R Vision Media Group (Intl) PLC 07 May 2009 ? +------------------- | Press Release | 7 May 2009 | +------------------- Vision Media Group (International) plc ("VMG" or "the Company") TrainFX Disposal Further to the announcement made on 17 March 2009, Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that it has agreed new Heads of Terms for the sale of its TrainFX ("TrainTV") business directly to AIM-listed RAM Investment Group Plc ("RAM"). In addition, the Company also announces that New Planet Investments Ltd, the special purpose vehicle established originally to acquire TrainTV from VMG as previously announced, has now been acquired by RAM. The new Heads of Terms provide for an initial investment of GBP920,000 by RAM in return for an issue of new shares in TrainTV, giving RAM 49.9% of the equity of TrainTV. This investment includes the settlement, by way of the transfer of 200,000 shares in TrainTV, of a GBP200,000 loan made to VMG by RAM and the issue of a further 720,000 shares for cash payments of GBP400,000 and GBP320,000. VMG will also grant RAM an option to acquire, by 31 August 2009, the remaining 50.01% of TrainTV which RAM does not already own at a price of GBP1,270,000, consisting of cash of GBP785,000, RAM shares with a value of GBP425,000 and up to GBP60,000 of loan notes to be issued by RAM, with all cash elements being used to pay down part of VMG's existing debt facility with Trafalgar Capital Partners LLP. This option is subject to the approval of VMG's shareholders. These transactions taken together provide VMG with an overall enterprise value of circa GBP2.19 million for the TrainTV business. For the year ended 31 December 2007 Train TV made a loss of GBP0.56 million on turnover of GBP0.03 million. As at 31 December 2007 it had net liabilities of GBP1.7 million. For the year ended 31 December 2008 the draft results show that TrainFX made a loss of GBP0.5 million on turnover of GBP0.02 million and that as at December 2008 it had net liabilities of GBP2.2 million. Tim Baldwin, Chairman of RAM commented: "We are delighted to announce the investment of GBP920,000 in TrainTV from VMG and look forward to the future opportunities presented should we exercise our call option to acquire control of the business. We are confident that we can provide the necessary growth platform for a business with the potential of TrainTV." The recent absence of finance has delayed VMG's previous strategy. Due to these funding issues, the Company has been further inhibited in the forecasted rollout of screens to UK malls. However, with these new funds VMG will be looking to deploy new screens and keep to the original UK installation plan. Mike Cottman, Executive Chairman of VMG, said: "We are pleased to agree terms for the refinancing of TrainTV. The funds generated from the initial investment will support the Group and its ongoing liquidity issues. The extreme financial circumstances that have affected VMG in recent months continue and the deal with RAM is an important source of finance in the absence of traditional funding methods." - Ends - |
Posted at 20/8/2008 08:02 by knowing Network Expansion Agreements (Vision Media)RNS Number : 6768B Vision Media Group (Intl) PLC 20 August 2008 Press Release 20 August 2008 Vision Media Group (International) plc ("VMG", "the Group" or "the Company") Major expansion of VMG's shopping mall network Creation of largest digital mall network in the UK with gross advertising sales value estimated at £25 million per annum Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, today announces that it has signed contracts or heads of agreement with shopping mall owners that will more than double the size of its UK network. Terms have been agreed, including agreements with two large property groups, which will add a further 33 shopping malls to the VMG estate and bring the total number of malls to 57 and 527 operating panels, of which 350 will be Iconic Pod portrait-style digital panels. The average length of the new contracts is 8 years with no minimal rental guarantees. The first phase of the roll-out will equip 16 malls with 200 Iconic Pod portrait panels ahead of the 2008 Christmas period, with further installations commencing in early 2009. Clear Channel Outdoor UK ("Clear Channel") is responsible for the procurement of national advertising across the VMG shopping mall network. The Company believes that the addition of these malls represents a significant escalation, by in excess of £7 million per annum, in the total value of potential advertising that can be sold by Clear Channel and that the enlarged VMG media inventory now represents a total gross annual advertising sales value of £25 million, enabling total possible gross advertising sales to a value of circa £200 million over the life of the contracts. The Directors believe that the additional malls will provide the Group with approximately a further £1.5 million in net sales per annum upon the completion of the installations. This, combined with the estimated net sales value announced on 18 August 2008, should enable, once fully rolled out, annualised net sales in excess of £5 million per year for the Group. In signing these agreements, VMG has created the largest contracted digital media network in UK shopping malls, in terms of number of malls and the combined potential audience. VMG now has more leading malls, as ranked by industry research organisation TWA (Trevor Wood Associates), under contract for digital media than any other UK media company. The Group's expanded network will be seen by an annual audience in excess of 1 billion consumers at the point-of-purchase. Pursuant to the funding facility provided by Trafalgar Capital Specialised Investment Fund ("Trafalgar Capital") to enable the development and deployment of VMG's Iconic Pods, as announced on 18 August 2008, application has now been made to AIM for the issue and allotment of a total of 2,985,966 new Ordinary Shares at 3.349 pence per share in lieu of fees to Trafalgar Capital; the price being calculated as 95% of the volume-weighted average price on the day prior to the draw down of the funds. The new Ordinary Shares will be admitted to trading on AIM on Friday 22 August 2008. Following this notification, the total number of shares in issue stands at 83,149,664. The total number of voting rights in the Company is therefore 83,149,664. The above figure of 83,149,664 may be used by shareholders 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 Disclosure and Transparency Rules. Mike Cottman, Executive Chairman of VMG, commented: "These agreements herald the success of the drive by the Group's new executive team to dominate the UK shopping mall market. By bridging the gap between major brands and their potential consumers, shopping mall panels are an increasingly valued advertising medium because of their unique position at point-of-purchase. This latest raft of agreements marks the Group's commitment to developing the UK's premier digital retail network utilising VMG's own ground-breaking Iconic Pods." |
Posted at 17/3/2008 10:30 by bronking full statement from website17 March 2008 Sale of TrainFX assets Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that it has signed heads of agreement in respect of the sale of the assets of its UK transport division, TrainFX Limited ("TrainFX") to New Planet Investments Limited ("New Planet") for a total consideration of £1.5 million. Based in London, New Planet is a recently formed company which has been established for the purpose of acquiring the TrainFX assets from VMG. The consideration will be paid in a combination of cash, loan notes and preference shares. As announced on 28 September 2007, the Group has been in discussions to sell this transport division. This agreement with New Planet has provided VMG with an immediate non-refundable £50,000 initial deposit for specific working capital purposes surrounding TrainFX activity. In addition, New Planet will issue a loan note to VMG on completion for £300,000, less the amount of the initial deposit, totalling £250,000, which will carry interest of 8 per cent. per annum and is repayable on the earlier of 31 December 2008 or the listing of New Planet on either PLUS Markets plc ("PLUS") or the AIM Market of the London Stock Exchange plc ("AIM"). Furthermore, New Planet will issue preference shares to VMG on completion for £1.2 million, carrying a cumulative coupon of 5 per cent. and being redeemable for cash on the earlier of a capital raising of no less than £2 million by New Planet either privately or via admission to either PLUS or AIM, or by 1 March 2011. In addition, VMG will also gain a beneficiary interest in New Planet which will be credited as fully paid and will represent 25 per cent. of that company's issued share capital, thus effectively valuing the overall transaction at £2 million. A further 25 per cent. of the issued share capital of New Planet will be owned by Mike Cottman, Executive Chairman of VMG. Mike Cottman is the only director of VMG with a holding in New Planet and, as Executive Chairman of VMG, the disposal is also a related party transaction under the AIM Rules. The Chief Executive Officer of VMG, who is deemed independent for this transaction, and the Group's independent non-executive Director, having consulted with Seymour Pierce Limited, consider the disposal to be fair and reasonable insofar as shareholders are concerned and in the best interests of the Group and its shareholders as a whole. In the last reported financial period, for the six months ended 30 June 2007, TrainFX made a net loss of £294,994 on turnover of £10,100. The division had gross assets of £552,835, gross liabilities of £1,916,864 and net liabilities of £1,069,035. Dominic Brookman, CEO of VMG, said: "The sale of the assets of TrainFX represents the successful conclusion of several months of discussions to sell this area of Vision Media Group. This deal provides us with returns that will exceed the value of our investment in TrainFX to date. The immediate cash deposits, as well as realising the value of the loan notes over time, will contribute to the development of our already-established outdoor media offering. In addition, we also retain a beneficial interest in the potential growth of TrainFX as New Planet develops this to exploit what remain major, but as yet unfulfilled, commercial opportunities within the transport sector. |
Posted at 17/3/2008 07:55 by ron manager Sale of TrainFX assetsVision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that it has signed heads of agreement in respect of the sale of the assets of its UK transport division, TrainFX Limited ("TrainFX") to New Planet Investments Limited ("New Planet") for a total consideration of £1.5 million. Based in London, New Planet is a recently formed company which has been established for the purpose of acquiring the TrainFX assets from VMG. The consideration will be paid in a combination of cash, loan notes and preference shares. As announced on 28 September 2007, the Group has been in discussions to sell this transport division. This agreement with New Planet has provided VMG with an immediate non-refundable £50,000 initial deposit for specific working capital purposes surrounding TrainFX activity. In addition, New Planet will issue a loan note to VMG on completion for £300,000, less the amount of the initial deposit, totalling £250,000, which will carry interest of 8 per cent. per annum and is repayable on the earlier of 31 December 2008 or the listing of New Planet on either PLUS Markets plc ("PLUS") or the AIM Market of the London Stock Exchange plc ("AIM"). Furthermore, New Planet will issue preference shares to VMG on completion for £1.2 million, carrying a cumulative coupon of 5 per cent. and being redeemable for cash on the earlier of a capital raising of no less than £2 million by New Planet either privately or via admission to either PLUS or AIM, or by 1 March 2011. In addition, VMG will also gain a beneficiary interest in New Planet which will be credited as fully paid and will represent 25 per cent. of that company's issued share capital, thus effectively valuing the overall transaction at £2 million. A further 25 per cent. of the issued share capital of New Planet will be owned by Mike Cottman, Executive Chairman of VMG. Mike Cottman is the only director of VMG with a holding in New Planet and, as Executive Chairman of VMG, the disposal is also a related party transaction under the AIM Rules. The Chief Executive Officer of VMG, who is deemed independent for this transaction, and the Group's independent non-executive Director, having consulted with Seymour Pierce Limited, consider the disposal to be fair and reasonable insofar as shareholders are concerned and in the best interests of the Group and its shareholders as a whole. In the last reported financial period, for the six months ended 30 June 2007, TrainFX made a net loss of £294,994 on turnover of £10,100. The division had gross assets of £552,835, gross liabilities of £1,916,864 and net liabilities of £1,069,035. Dominic Brookman, CEO of VMG, said: "The sale of the assets of TrainFX represents the successful conclusion of several months of discussions to sell this area of Vision Media Group. This deal provides us with returns that will exceed the value of our investment in TrainFX to date. The immediate cash deposits, as well as realising the value of the loan notes over time, will contribute to the development of our already-established outdoor media offering. In addition, we also retain a beneficial interest in the potential growth of TrainFX as New Planet develops this to exploit what remain major, but as yet unfulfilled, commercial opportunities within the transport sector." |
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