DJ One Media Publishing Group PLC Correction Re: Director's Purchase of shares
TIDMOMPP
13th August 2012
One Media Publishing Group Plc
("One Media" or the "Company")
Correction Re: Director's Purchase of shares
The following amendment has been made to the ' Director's Purchase of shares'
announcement released on 13August 2012:
The exercise price of the warrants realised by Mr. Michael Infante is 1 pence
per share and the exercise price of Mr. Nigel Smethers is 2 pence per share,
details of which were not included in the original announcement.
All other details remain unchanged. The full amended text is shown below.
One Media announces that it has today been notified that Mr. Michael Infante
(Chairman and CEO) has realised 4,000,000 (four million) of his Share Warrants
at an exercise price of 1 pence per share. One Media further announces that it
has today been notified that Mr. Nigel Smethers (Finance Director) has realised
500,000 (five hundred thousand) of his Share Warrants at an exercise price of 2
pence per share.
The Company has instructed its Registrars to issue the new shares accordingly.
Prior to realisation of Share Warrants, Mr. Michael Infante held 22,044,737
shares, and following this purchase now holds 26,044,737 ordinary shares in the
Company, representing approximately 49.02% of the issued share capital of the
Company. Prior to realisation of Share Warrants, Mr. Nigel Smethers held
385,000 shares and his wife Mrs. K Smethers held 400,000 shares. Mr. Nigel
Smethers now holds a direct and indirect shareholding of 1,285,000 shares,
representing approximately 2.42% of the issued share capital of the Company.
The total shares in issue is now 53,128,698.
The directors of the issuer accept responsibility for this announcement.
For further information please contact:
One Media Publishing Group plc Tel: +44 (0)17 5378 5500
Michael Infante, Chairman and Chief Executive; michael@ompplc.com
www.ompplc.com
Hybridan LLP, Corporate Adviser Tel: +44 (0)20 7947 4350
Claire Noyce / Deepak Reddy
email: claire.noyce@hybridan.com /Deepak.reddy@hybridan.com
Notes to Editors:
One Media operates a model of content acquisition, representation and digital
exploitation, which is successful and profitable. The Company's small team of
Creative Technicians ingests, re-compiles and prepares digital music releases
utilising the bespoke `in-house' developed software. The newly compiled
digital-only albums are then distributed across over 300 digital retail stores
worldwide. One Media now has thousands of albums listed across all the key
digital stores such as iTunes, Amazon, Spotify, Deezer, eMusic and streaming
channels on YouTube to name but a few. One Media is a B2B content supplier to
all digital stores and does not operate its own consumer site. Its music
catalogue is also available for synchronisation use in films, advertisements,
TV programs and games.
One Media operates an online sync database system that enables music
supervisors to explore the vast library and select tracks for music briefs.
With over 65 catalogue acquisitions to date, the catalogue contains circa
140,000 music tracks and over 4000 hours of video content, from artists
spanning 7 decades from the `forties' to the `noughties'. One Media focuses on
`middle of the road', nostalgic music by well known artists from every genre,
including; Pop, Rock, Reggae, R&B, Children's music, Karaoke, Easy-Listening,
Jazz, Soul, Blues, Rap, Hip-Hop, Gospel, World-Music, plus Stand-Up Comedy,
Spoken-Word and over 1000 hours of Classical Music. One Media is now an
eligible company for the Enterprise Investment Scheme ("EIS") and the Venture
Capital Trust ("VCT").
Highlights
April 2012 Half Year Interim Accounts
Turnover increased by 29.3% to GBP1, 002,302 (2011: GBP774, 933) Pre-tax
profits increased by 35.4% to GBP204, 667 (2011: GBP151, 123) A dividend of
GBP15, 051 (November 2011) was paid in the period with a further GBP55, 000
paid in June 2012.
END
(END) Dow Jones Newswires
August 13, 2012 04:44 ET (08:44 GMT)