Dealing by Director

RNS Number : 1186I

Immedia Group PLC

23 March 2015

 

23 March 2015

Immedia Group Plc ("Immedia" or "the Company")

Dealing by Director

Immedia (AIM: IME), a premier supplier of digital music, entertainment and commerce channels to leading brands announces that the Company was informed on 19 March that 148,000 Ordinary Shares were transferred into the name of Mr Daniel Horrocks on 17 December 2014.  These shares were already in the beneficial ownership of Mr Daniel Horrocks as the beneficiary of Horrocks Guardian Limited, a company which was dissolved in June 2014 and the assets distributed.

Mr Mark Horrocks, a non-executive director of the Company, was a director of Horrocks Guardian Limited and was deemed to have influence over the assets of that company.  Therefore, the Horrocks Guardian Limited shareholding of 148,000 ordinary shares in Immedia has always been disclosed as part of Mr Mark Horrocks' total shareholding, despite him not being the beneficial owner.

As a result of this share transfer out of Horrocks Guardian Limited to Mr Daniel Horrocks, the shareholding in Immedia now attributable to Mr Mark Horrocks (including shares held via his direct, indirect and related party interests in Dewscope Limited) has reduced by 148,000 to 4,121,638 Ordinary Shares, representing 28.31% of the total issued share capital.

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For further information please contact:

Immedia Group Plc Bruno Brookes - Chief Executive Officer www.immediaplc.com	Tel:   [phone]
SPARK Advisory Partners Limited Nominated Adviser Mark Brady/Neil Baldwin	Tel:   [phone]

 

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