Ahead of announcing its interim results in June, One Media is pleased to report that it retains a strong cash position and continues to trade in line with market expectations, despite Covid-19 impacts.

With all the One Media team continuing to work efficiently on a remote basis, further opportunities are being explored to expand One Media’s music catalogue and exploit its initiatives around TCAT and Harmony IP.

The Company is also delighted to announce that it has declared an interim dividend of 0.055p per ordinary share. The ex-dividend date for this payment is 14 May 2020, the record date is 15 May 2020 and the expected payment date is on or by 25 June 2020.

Claire Blunt, Chair of One Media iP Group plc, commented: “The Board has considered its policy regarding dividends and has established that the objective of its Dividend Distribution Policy is to maintain an equilibrium between retention of profit to finance long-term growth plans whilst rewarding shareholders for their support.

“Despite the uncertainty caused by Covid-19 and its impact on the live performance sector, the Board’s outlook remains positive and it is confident in the Group’s ability to continue to execute on its strong pipeline of opportunities.”