REG - One Media iP Group - Trading Update

One Media IPAnnouncement

30/11/2021 07:00

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RNS Number : 9533T  One Media iP Group PLC  30 November 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET
ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK
MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

30 November 2021

One Media iP Group Plc

("One Media" or the "Company")

Trading Update

One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor, is pleased to provide the following update on
trading for the audited full year ended 31 October 2021. These figures are
unaudited.

Despite the world's general economic turbulence and the wider shifts in the
music industry, the Company continues to trade in line with market
expectations and expects to report revenues for year ending 31 October 2021 of
circa £4.4m and EBITDA of £1.65m, an increase of 10% and 11% respectively on
the prior year. One Media retains a healthy cash position with an unaudited
cash balance of £2.6m and with £1.9m in structured debt as at 31 October
2021. Unfavourable foreign exchange rate movements have impacted the EBITDA vs
the prior year.

The Company's full year results are expected to be released in March 2022.

Michael Infante, CEO of One Media iP, commented: "Our cautious acquisition
program and keeping to within the board's agreed range of multiples payable
will serve the business well in the longer term. The music industry remains
robust, in particular in the areas where One Media has been active. We have an
ongoing pipeline of profitable and cash yielding opportunities where we would
invest via the Harmony Ip initiative. We are confident of continued steady
growth."

-Ends-

This announcement contains inside information for the purposes of UK Market
Abuse Regulation. The person who arranged the release of this information is
Michael Infante, Chief Executive Officer of the Company.

 One Media iP Group Plc                            +44 (0)175 378 5500

Michael Infante - CEO

Claire Blunt - Chairman
+44 (0)175 378 5501
 Cairn Financial Advisers LLP (Nominated Adviser)  +44 (0)20 7213 0880

Liam Murray
 

Jo Turner

Ludovico Lazzaretti
 Cenkos Securities plc (Broker)                    +44 (0)20 7397 8900

 Giles Balleny

 Max Gould

 Michael Johnson (Sales)

 Pete Flatt / PPR Publicity

                                                   +44 (0)7930 304301

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 and TV
whilst its video content is primarily viewed on YouTube where One Media
operates over 20 YouTube channels as a certified partner. Additionally its
www.tcat.media copyright infringement and digital music audit tool software
TCAT, is used daily with major record labels and the world leading digital
international distributor. Men & Motors its 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 London Stock Exchange on the AIM index, under the
symbol 'OMIP'.

 For further information, please visit www.omip.co.uk (http://www.omip.co.uk)
 and www.harmonyip.com/ (http://www.harmonyip.com/)

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified 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 reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 

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