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Share Name Share Symbol Market Type Share ISIN Share Description
One Media Ip Group Plc LSE:OMIP London Ordinary Share GB00B1DRDZ07 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -3.36% 7.20 7.00 7.40 7.45 7.075 7.45 647,749 15:27:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 3.5 0.5 0.3 21.2 15

One Media iP Group Plc Payment of deferred final payment

02/10/2020 7:00am

UK Regulatory (RNS & others)


 
TIDMOMIP 
 
2 October 2020 
 
                            One Media iP Group Plc 
                        ("One Media" or the "Company") 
 
         Payment of deferred final payment under acquisition agreement 
 
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, 
publisher and distributor announces that further to the announcement made on 19 
September 2019 in relation to the acquisition of the entire music catalogue of 
American composer and solo piano artist, Philip Wesley, the Company has now 
paid the final US$100,000 that was retained as a deferred payment based on the 
successful performance of the deal. 
 
Michael Infante, Chief Executive Officer of One Media iP, commented: "We are 
delighted to have completed the final part of this transaction, which is our 
largest IP deal to date. The catalogue of Philip Wesley has been a fantastic 
addition to our portfolio and is in line with our strategy of acquiring 
catalogues with proven popularity, longevity and growth in streaming revenue. 
 
"Following our successful raise of GBP6m in August 2020, we are now in the 
process of evaluating further acquisition opportunities, which would be 
executed primarily through our Harmony IP asset release programme. At the same 
time we are also looking at possibilities to scale our technical analysis 
copyright tool, TCAT, for wider use across the music industry. We look forward 
to updating the market on our progress in due course." 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014. The person who arranged the release of this information 
is Michael Infante, Chief Executive Officer of the Company. 
 
                                    -Ends- 
 
One Media iP Group Plc                                           +44 (0)175 378 
Michael Infante - CEO                                                      5500 
Claire Blunt - 
Chairman                                                         +44 (0)175 378 
                                                                           5501 
 
Cairn Financial Advisers LLP (Nominated Adviser)                 +44 (0)20 7213 
Liam Murray                                                                0880 
Jo Turner 
Ludovico Lazzaretti 
 
 
Cenkos Securities plc (Broker)                                   +44 (0)20 7397 
Max Hartley                                                                8900 
Max Gould 
Michael Johnson (Sales) 
 
Yellow Jersey PR (PR & IR)                                      +44 (0)20 3004 
Charles Goodwin                                                 9512 
Annabel Atkins 
 
About One Media iP Group Plc 
 
One Media is a digital music rights acquirer, publisher and distributor. The 
Group specialises in purchasing and monetising intellectual property rights 
with proven, repeat income streams. One Media adds value to its content by 
maximising its availability in over 600 digital stores globally, including 
Apple Music, YouTube, Amazon and Spotify. 
 
One Media's music is also widely used for synchronisation in film, TV and 
digital gaming whilst its video content is primarily viewed on YouTube where 
One Media operates over 20 YouTube channels as a certified partner. 
 
One Media is listed on the London Stock Exchange on the AIM index, under the 
symbol 'OMIP'. 
 
For further information, please visit www.omip.co.uk and www.tcat.media 
 
Caution regarding forward looking statements 
 
Certain statements in this announcement, are, or may be deemed to be, forward 
looking statements. Forward looking statements are identi?ed by their use of 
terms and phrases such as "believe", "could", "should" "envisage", 
"estimate", "intend", "may", "plan", "potentially", "expect", 
"will" or the negative of those, variations or comparable expressions, 
including references to assumptions. These forward looking statements are not 
based on historical facts but rather on the Directors' current expectations and 
assumptions regarding the Company's future growth, results of operations, 
performance, future capital and other expenditures (including the amount, 
nature and sources of funding thereof), competitive advantages, business 
prospects and opportunities. Such forward looking statements re?ect the 
Directors' current beliefs and assumptions and are based on information 
currently available to the Directors. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 02, 2020 02:00 ET (06:00 GMT)

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