4th Mar 2005 12:49
Yoomedia PLC04 March 2005 4 March 2005 YooMedia plc Additional Listing and business wins The board of YooMedia plc ("YooMedia" or "the Company") announces that it hasauthorised the issue and allotment of 1,919,122 new ordinary shares of 1 penceeach in the Company ("Ordinary Shares"), credited as fully paid, to satisfy thedeferred element of the consideration for the acquisition of Whoosh GroupLimited, which was completed in July 2004. Dr Michael Sinclair, chairman of YooMedia, said: "The fact that we are payingthe maximum number of ordinary shares owed under the deferred element of theconsideration reflects the positive trading experienced by Whoosh since itsintegration into the YooMedia Mobile division. Creating a mobile interactivedimension for programmes such as "Who Wants To Be A Millionaire", in partnershipwith Celador and ITV, has proven the value of the proposition." "The growth of YooMedia Mobile within the interactive broadcast and marketingarena is a key part of the Company's strategy and we continue to score successesin this division. These include agreements with BSkyB to add an SMS interactivedimension to two programmes airing on the Sky One channel: "EntertainmentTonight" and "Dragon Quest". Application has been made for 1,919,122 Ordinary Shares to be admitted totrading on AIM and it is expected that admission will occur on 9 March 2005. Further information YooMediaDavid Docherty, chief executive 020 7462 0870 Powerscourt PRJohn Murray 020 7236 5615 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MIRA.L