Disposal of Interest in Round Group Limited
RNS Number : 8470ROne Media iP Group PLC24 August 202624 August 2026
One Media iP Group Plc
("One Media", "the Company" or the "Group")
Disposal of Interest in Round Group Limited
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, publisher and distributor, announces that it has completed the disposal of its entire equity interest in Round Group Limited ("Round").
Under the terms of the transaction, Round has purchased the Company's entire equity interest in Round, representing approximately 4.6% of Round's fully diluted share capital, for cash consideration.
In connection with the transaction, the Company has also agreed a variation to its existing loan arrangements with Round. Under the revised arrangements, a portion of the loan will be redrawn by Round under the existing loan facility, following which the aggregate principal amount outstanding under the loan will be £175,000.
Michael Infante, CEO of One Media, commented: "We are pleased to have completed the disposal of our investment in Round, crystallising value for One Media and its shareholders. We wish the Round team every success for the future."
The person who arranged the release of this information is Michael Infante, Chief Executive Officer of the Company.
For further information, please contact:
One Media IP Group Plc
Michael Infante
Chief Executive
Tel: +44 (0)175 378 5500
Claire Blunt
Chairman
Tel: +44 (0)175 378 5500
Cairn Financial Advisers LLP
Nominated Adviser
Liam Murray / Ludovico Lazzaretti
Tel: +44 (0)20 7213 0880
Cavendish Capital Markets Limited
Broker
Giles Balleny (Corporate Finance)
Michael Johnson (Sales)
Tel: +44 (0)20 7397 8900
Claire Turvey, Fourth Pillar
claire@fourthpillarpr.com
Financial PR
Tel: +44 (0)7850 548 198
About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and distributor with a diversified catalogue of over 400,000 music tracks. The Group specialises in purchasing and monetising intellectual property rights with proven, repeat income streams. One Media adds value to its content by maximising its availability in over 600 digital stores globally, including Apple Music, YouTube, Amazon and Spotify.
One Media's music is also widely used for synchronisation in film and TV whilst its video content is primarily viewed on YouTube where One Media operates over 20 YouTube channels as a certified partner. Men & Motors, the Company's branded car channel, is now available via YouTube www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
One Media is listed on the AIM Market of the London Stock Exchange under the ticker 'OMIP'.
For further information, please visit www.omip.co.uk and www.harmonyip.com/
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