REG - One Media iP Group - Refinancing of £1.9M of outstanding loan notes

One Media IPAnnouncement

26/09/2022 07:00

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RNS Number : 5370A  One Media iP Group PLC  26 September 2022

26 September 2022

 

 

One Media iP Group Plc

("One Media", "the Company" or the "Group")

 

Refinancing of £1.9M of outstanding unsecured loan notes

 

One Media iP (AIM: OMIP), the digital media content owner and provider which
specialises in the active exploitation of music and video intellectual
property rights as well as copyright infringement technology, announces that
it has refinanced its £1.9 million of outstanding unsecured loan notes held
by British Growth Fund, which carried a fixed interest rate of 7%.

 

The refinancing is by way of a secured facility from Coutts & Co. priced
at base rate plus 3.5%, amortising on a straight-line basis over five years.
The Coutts facility, whilst secured, is on more traditional bank lending terms
and contains fewer restrictions on the operations of the business.

 

Michael Infante, CEO at One Media iP, said: "We're pleased to have completed
this refinancing, in particular with the endorsement of a bank of Coutts's
reputation, which gives us greater operational flexibility as we continue to
work towards our strategic ambitions."

 

 

ENDS

 

 

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 5501

 Cairn Financial Advisers LLP                   Nominated Adviser
 Liam Murray / Jo Turner / Ludovico Lazzaretti  Tel: +44 (0)20 7213 0880

 Cenkos Securities plc                          Broker
 Giles Balleny / Max Gould (Corporate Finance)  Tel: +44 (0)20 7397 8900

 Michael Johnson (Sales)

 Claire Turvey, Fourth Pillar                   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
catalogue independently valued at £34.8 million (as at April 2022). 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 channels as a certified partner. Alongside this, its
anti-piracy copyright infringement and digital music audit tool software TCAT
is used by major record labels and the world leading digital international
distributor. Men & Motors, the Company's branded car channel, is now
available via YouTube www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg
(https://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 (http://www.omip.co.uk)
 and www.harmonyip.com/ (http://www.harmonyip.com/)

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