REG-One Media iP Group Plc: Payment of deferred final payment

One Media IPAnnouncement

02/10/2020 07:05

2 October 2020

One Media iP Group Plc
("One Media” or the "Company")

Payment of deferred final payment under acquisition agreement

One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor announces that further to the announcement made on
19 September 2019 in relation to the acquisition of the entire music catalogue
of American composer and solo piano artist, Philip Wesley, the Company has now
paid the final US$100,000 that was retained as a deferred payment based on the
successful performance of the deal. 

Michael Infante, Chief Executive Officer of One Media iP, commented: “We are
delighted to have completed the final part of this transaction, which is our
largest IP deal to date. The catalogue of Philip Wesley has been a fantastic
addition to our portfolio and is in line with our strategy of acquiring
catalogues with proven popularity, longevity and growth in streaming
revenue. 

“Following our successful raise of £6m in August 2020, we are now in the
process of evaluating further acquisition opportunities, which would be
executed primarily through our Harmony IP asset release programme. At the same
time we are also looking at possibilities to scale our technical analysis
copyright tool, TCAT, for wider use across the music industry. We look forward
to updating the market on our progress in due course.” 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014. The person who arranged the release of this
information is Michael Infante, Chief Executive Officer of the Company.

-Ends-

 One Media iP Group Plc  Michael Infante - CEO Claire Blunt – Chairman                        +44 (0)175 378 5500  +44 (0)175 378 5501 
 Cairn Financial Advisers LLP (Nominated Adviser) Liam Murray Jo Turner Ludovico Lazzaretti                        +44 (0)20 7213 0880 
 Cenkos Securities plc (Broker) Max Hartley Max Gould Michael Johnson (Sales)                                      +44 (0)20 7397 8900 
 Yellow Jersey PR (PR & IR) Charles Goodwin Annabel Atkins                                   +44 (0)20 3004 9512                       

About One Media iP Group Plc

One Media is a digital music rights acquirer, publisher and distributor. 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, TV and
digital gaming whilst its video content is primarily viewed on YouTube where
One Media operates over 20 YouTube channels as a certified partner.

One Media is listed on the London Stock Exchange on the AIM index, under the
symbol ‘OMIP’.

For further information, please visit www.omip.co.uk and www.tcat.media

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identi?ed by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company’s future growth, results of
operations, performance, future capital and other expenditures (including the
amount, nature and sources of funding thereof), competitive advantages,
business prospects and opportunities. Such forward looking statements re?ect
the Directors' current beliefs and assumptions and are based on information
currently available to the Directors.



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