17 March 2017
One Media IP Group Plc
(“One Media” or the “Group”)
Update - Final Results and Notice of AGM
One Media iP (AIM: OMIP), the digital media content provider which exploits intellectual digital property rights around music, video and spoken word provides an update further to announcement made by the Company on 28 February 2017.
In the announcement made on 28 February 2017, the Company advised that it would release its results for the year ended 31 October 2016 on 20 March 2017.
The Company will delay publication of its results as it has decided to amend the accounting treatment of the $75,947.38 (US Dollars: seventy five thousand nine hundred and forty seven and thirty eight cents) monies received by the Company in relation to the HHO Licensing Ltd, Henry Hadaway Organisation Limited and Henry Hadaway action - (see announcement made by the Company on 20 February 2017), by reclassifying it as a liability, as opposed to a contingent liability.
The Board expects to notify its Final Results on or around 22 March 2017. The Company’s AGM is still planned to be held on 21 April 2017.
For further information, please contact:
| One Media iP Group Plc |
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Chairman and Chief Executive
Michael Infante |
Tel: +44 (0)175 378 5500 |
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| One Media iP Group Plc |
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Corporate Communications
Alice Dyson-Jones |
Tel +44 (0)175 378 5501 |
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| Cairn Financial Advisers LLP |
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| Nominated Adviser |
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| Liam Murray / Jo Turner |
Tel: +44 (0)20 7213 0880 |
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| Panmure Gordon (UK) Limited |
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| Broker |
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| Karri Vuori |
Tel: +44 (0)20 7886 2500 |
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