RAM Active Media PLC Issue of Equity (8268F)

TIDMRAM

RNS Number : 8268F

RAM Active Media PLC

29 May 2013

RAM ACTIVE MEDIA PLC

("RAM" or the "Company")

Issuance of Shares

29 May 2013

Further to and in connection with the Company's announcement of 13 May 2013 in relation to its Balance Sheet Restructuring, the Company announces that it has today issued shares ("New Shares") to unsecured lenders in part satisfaction of liabilities and to past and present directors in satisfaction of accrued remuneration.

Three unsecured lenders have agreed to receive 70% of their outstanding loans in New Shares, 10% in cash payable immediately, and 20% payable at a future date. The value of the loans satisfied by the issuance of New Shares is GBP346,492 being 8,662,312 New Shares at an issue price of 4p per share.

Five directors (past and present) have agreed to receive New Shares in full satisfaction of accrued remuneration. The aggregate of that remuneration is GBP114,175 which is satisfied by the issuance of 2,854,381 New Shares at an issue price of 4p per share. No Director has received salary or fee since December 2012.

In addition to the above, the Company has issued to TCA Global Credit Master Fund LP ("TCA") 3,125,000 New Shares at an issue price of 4p per share (GBP125,000) in part consideration for investment banking services fee connected to the Loan Agreement and Comitted Equity Facility announced on 13 May 2013.

Application has been made for the New Shares to be admitted to trading on AIM and it is expected that trading will commence on 4 June 2013. The New Shares will rank pari passu in all aspects with the existing ordinary shares of the Company.

On admission, the Company will have 64,462,890 ordinary shares in issue.

Commenting, David Binding, Chairman and Richard Prosser, CEO of the Company said "These agreements reflect the difficult times the Company has had to endure. We thank our unsecured lenders for their understanding and support and we thank our Directors for committing to receive shares in lieu of accrued pay."

RAM Active Media plc

David Binding (Chairman) 07866 809 109

Libertas Capital Corporate Finance Limited

   Sandy Jamieson, Thilo Hoffman                                                         0207 569 9650 

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