London Stock Exchange welcomes One Media iP Group, Plc. to AIM
Thursday 18th April 2013
One Media is a digital content provider, exploiting intellectual property rights around music and video. The Group specialises in acquiring and repackaging nostalgic music and TV programmes from recordings made over the last 90 years. The Group operates from its offices at Pinewood Studios and delivers digital music and video content via aggregators to over 600 online digital stores such as iTunes, Spotify, Amazon and YouTube. Consumers download or stream the content via PCs, smart phones, internet-enabled radios and music players and Smart TVs.
One Media has raised £750,000 before expenses, issuing 9,375,000 new Ordinary Shares at a price of 8 pence per share. Immediately following the Placing, the Company has 64,003,068 Ordinary Shares in issue, giving One Media a market capitalisation of approximately £5.1 million.
The Company intends to use the net proceeds of the IPO to continue financing content acquisition and increase the scale of those deals.
Michael Infante, One Media’s Chairman and Chief Executive Officer, said:
“We are very excited about the move to AIM, which offers access to a strong calibre and variety of investors. As we look to extend our catalogue we will need access to the funds AIM can provide. One Media is an ambitious, profitable and debt-free company operating in an emerging market with significant growth potential and we look forward to providing excellent value for our shareholders.”
One Media is being advised by Cairn Financial Advisors, which is acting as Nominated Adviser, and Hybridan LLP which is acting as broker. Tavistock Communications is acting as financial public relations advisor.