Issue of Equity

RNS Number : 2216L

OMG PLC

28 July 2011

 



28 July 2011

OMG plc

("OMG" or the "Group")

Issue of Equity

OMG plc, (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries has today agreed to issue 769,795 new Ordinary Shares to Bartle Bogle Hegarty ("BBH").

As announced in the Group's Interim Results on 19 May 2011, OMG has entered in to a strategic partnership with BBH, one of the world's most respected advertising agencies. The partnership will see BBH play a lead role in assisting the development of OMG Life - the Group's recently announced direct-to-consumer division - both through branding and marketing support as well as product development, testing and targeting.

OMG is pleased that BBH has elected to receive part of its remuneration for this activity in the form of OMG shares. Accordingly, application will be made for the 769,795 new Ordinary Shares to be admitted to AIM, with admission expected to become effective on 2 August 2011.

Commenting, OMG Chief Executive Officer Nick Bolton said:

"Over the years, OMG has worked hard to look at opportunities in a wide range of markets where imaging technology can either solve a tough problem or open up new avenues for invention and research.  OMG Life is a natural extension of this strategy, applying our technology to the everyday lives of consumers.  BBH will make an excellent partner in this process.  They not only bring a great deal of experience and support to the process but, as today's announcement shows, they also share in our vision and believe in our product."

Neil Munn, BBH Partner, said: 

"We believe in OMG the company, as well as OMG the technology. This is why we are working with them as shareholders and brand builders at the same time. We look forward to applying our strategic and creative skills to the products within OMG Life and supporting the management team on its growth journey."

For further information please contact:

OMG plc	[phone]
Nick Bolton, CEO
David Deacon, CFO
Financial Dynamics	[phone]
Matt Dixon / Emma Appleton / Charles Palmer
Evolution Securities (NOMAD to OMG)	[phone]
Jeremy Ellis / Chris Clarke

About OMG

OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing image understanding products and services for the entertainment, defence, life science and engineering industries.

Be it for capturing the movements of actors (for the movie industry),sportsmen (for video games or improving team performance), or children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries); or recording the condition of highways and the assets that surround them; or even providing image intelligence and situational awareness from drone aircraft. Through this diversified offering the Group has earned its strong international reputation for precision from pixels.

Founded in 1984, the Group is headquartered in Oxford, UK, and has four offices in the US and two in the UK. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through four operating subsidiaries:  Vicon, the world's largest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for defence applications, Yotta, our highways surveying business and OMG Life our new consumer subsidiary.

The Group's global clients spanning the worlds of science, medicine, sport, engineering, gaming, film and broadcast include: major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre and Loughborough University, engineering industry leaders including: Ford Motor Company, BMW, Airbus and Toyota, and in the entertainment sector; Sony, Industrial Light and Magic, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA and Square Enix. In surveying clients include: Atkins and Oxfordshire, Cumbria, Derbyshire and Pembrokeshire County Councils as well as many others.

For more information about OMG and its subsidiaries, visit www.omgplc.com, www.vicon.com, www.2d3.com, www.yottadcl.com.

About BBH:

Bartle Bogle Hegarty is one of the world's most famous advertising agencies. Founded in 1982 by British ad men John Bartle, Nigel Bogle and John Hegarty, the Agency has produced campaigns for many of the world's most illustrious brands. BBHs distinctive micro-network has offices in London, New York, Sao Paolo, Singapore, Shanghai and Mumbai and employs 900 staff worldwide. Publicis Groupe holds a minority shareholding. BBH's London office was recently awarded the Grand Prix for the most effective campaign by the Marketing Society for its Yeo Valley work. In June, founder Sir John Hegarty was awarded the inaugural lifetime achievement award by the Cannes Lions Creativity Festival.

www.bartleboglehegarty.com

@bbhlondon

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