One Media iP Group Plc
("One Media" or "the Group" or "the Company")
Dividend Declaration – Correcting Announcement
The Company's announcement of Monday 27 June in respect of its Dividend Declaration stated that it intends to pay an interim dividend of 0.071p per ordinary share in respect of the year ending 30 April 2015. This should have stated that it intends to pay an interim dividend of 0.071p per ordinary share in respect of the period ending 30 April 2016.
All other details contained in the announcement remain unchanged.
The full amended announcement is shown below.
One Media iP Group Plc
("One Media" or "the Group" or "the Company")
Dividend Declaration
One Media is pleased to announce an interim dividend for the financial Half-Year ending 30 April 2016. Pursuant to the interim dividend payment of 0.071p per share announced in November 2015, the Group is pleased to announce that it intends to pay an interim dividend of 0.071p per ordinary share in respect of the period ending 30 April 2016.
The ex-dividend date for this payment is 7 July 2016, the record date is 8 July 2016 and the expected payment date on or by 22 July 2016.
For further information, please contact:
One Media iP Group Plc Chairman and Chief Executive
Michael Infante Tel: +44 (0)175 378 5500
One Media iP Group Plc Financial Controller / Company Secretary
Nigel Smethers Tel +44 (0)175 378 5501
One Media iP Group Plc Communications Manager
Alice Dyson-Jones Tel +44 (0)175 378 5501
Cairn Financial Advisers LLP Nominated Adviser
Liam Murray / Jo Turner Tel: +44 (0)20 7148 7900
Panmure Gordon (UK) Limited Broker
Fred Walsh Tel: +44 (0)20 7886 2500
Notes to Editors:
Based at Pinewood Studios, One Media is an ‘intellectual property’ (IP) owner and controller of rights within the digital arena concerning music, video and digital distribution. The consumer led but B2B (Business-to-business) operation looks to exploit its catalogue of over 250,000+ music tracks and over 10,000 hours of video by recompiling the content for sale through over 600 digital music and video stores groups worldwide.
The Company has a team of Creative Technicians, all of whom are YouTube certified, who digitise the content, create the metadata, re-compile and prepare the digital music & video releases using bespoke in-house developed software. Additionally, One Media makes its library of content available for TV shows, movies, adverts and websites requiring synchronised music. One Media focuses on music performed by well-known artists from every genre, including; pop, rock, reggae, R&B, children's music, karaoke, jazz, soul, blues, rap, hip-hop, gospel, world-music, plus stand-up comedy, spoken-word. In July 2014 the Group acquired for a consideration of USD$1.6m the Point Classics classical music library bringing the number to over 10,000 classical tracks now available to the Group for exploitation. The Group owns all the rights to the Men & Motors (originally Granada/ITV) TV shows originally aired on British TV between 1996 and 2010. Comprising of over 3500 shows is available for viewing on the Groups YouTube Channel. Recently the Group has developed a content discovery and policing software service ‘Technical Copyright Analysis Tool’ (TCAT) as a new service to record companies, publishers and law firms searching information of artist and tracks on legitimate digital stores.
One Media is eligible for Enterprise Investment Schemes ("EIS") and Venture Capital Trusts ("VCT"). The company is profitable, cash resourced and has operated an active dividend policy since 2011.
