One Media iP Group plc is pleased to announce the successful completion of a conditional Placing and Subscription as well as the conditional issue of up to £6 million of Loan Notes announced earlier today (the “Placing Announcement”).

As a result of the Placing and Subscription, a total of £2.895 million (before expenses) has been conditionally raised by the Company. A total of 31,166,668 Placing Shares have been conditionally placed by Panmure Gordon at a price of 6 pence per Placing Share (the “Placing Price”) to raise a total of approximately £1.87 million (before expenses). In addition, the Company has received conditional subscription applications for a total of 17,083,333 Subscription Shares at the Subscription Price per Subscription Share to raise a total of approximately £1.02 million (before expenses). The Placing and Subscription Shares represent approximately 55.2 per cent. of the existing issued share capital of the Company. The Placing Price represents a discount of 42.2 per cent. to the middle market closing price of an Ordinary Share on 30 August 2018, being the last practicable dealing day prior to the Placing Announcement.

Completion of the Placing and the Subscription is conditional on, among other things, the passing of the Resolutions at the Extraordinary General Meeting, Admission of the Placing Shares and Subscription Shares to trading on AIM becoming effective and the Placing Agreement becoming unconditional in all other respects by 25 September 2018 or such later date (being no later than 1 October 2018) as the Company and Panmure Gordon may agree.

A notice will be posted to Shareholders on Monday (3 September 2018) convening an Extraordinary General Meeting for 11:00 a.m. on 19 September 2018 at the offices of Reed Smith LLP, The Broadgate Tower, 20 Primrose Street, London, EC2A 2RS. Subject to the passing of the Resolutions at the Extraordinary General Meeting, application will be made to the London Stock Exchange for 48,250,001 Placing and Subscription Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the Placing and Subscription Shares will commence at 8.00 a.m. on 25 September 2018. The Placing and Subscription Shares will be issued as fully paid and will, on issue, rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions thereafter declared, made or paid on the Enlarged Share Capital. Directors’ Participations Ivan Dunleavy, Chairman of the Board, and Lord Michael Grade, a Non-Executive Director, have both agreed to subscribe for 625,000 Subscription Shares for an investment of £37,500 each.

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