Acquisition of Brandplay UK (4173Q)
October 19 2011 - 1:00AM
UK Regulatory
TIDMRAM
RNS Number : 4173Q
RAM Active Media PLC
19 October 2011
19 October 2011
RAM ACTIVE MEDIA PLC
ACQUISITION OF BRANDPLAY UK LIMITED AND ITS UK SHOPPING MALL
NETWORK OF INTERACTIVE FLOOR PROJECTION SYSTEMS.
RAM Active Media plc ("RAM" or the "Company"), the investor in
Digital out
of Home ('DOOH') media, communications and Intellectual
Property, announces the
acquisition of BRANDPLAY UK Limited ("BPUK"), a subsidiary of
BRANDPLAY GROUP LIMITED ("BPGL"). BPUK is a business with secured
advertising rights on an installed network of 11 interactive floor
projection systems in major UK shopping malls. RAM will also
acquire the installed network of interactive floor projection
systems from another subsidiary of BPGL.
The Company's wholly owned subsidiary RAM Vision Limited ("RAM
Vision") operates digital out of home (DOOH) media advertising
sales and activities, into which BPUK will be consolidated. The
large format interactive projection system will trade under the
brand name of RAM Interactive and be managed by the commercial and
sales teams of RAM Vision.
RAM has entered into a share purchase agreement with BRANDPLAY
GROUP LIMITED to acquire the entire issued share capital of BPUK
and certain assets under which RAM will pay an initial
consideration at net asset value of GBP130,000 satisfied through
the issuance of 6,500,000 new RAM ordinary shares of 1p each at 2p
per share. In addition, a further issue of 3,500,000 new RAM
ordinary shares of 1p will be triggered on completion of the first
successful interactive campaign under the RAM Interactive brand.
Further earn out payments may be made out of revenues earned from
the network. BRANDPLAY GROUP LIMITED has agreed to a 12 month lock
in with regards to the new RAM shares.
RAM Chairman Tim Baldwin comments:
.
"RAM Vision is the largest network operator of landscape format
DOOH media in the UK shopping malls. The acquisition of BRANDPLAYS
large format (3metre by 2metre) interactive projection network will
enhance the product offering of RAM Vision to major brands and
media advertising agencies who are increasingly interested in
interacting and engaging with consumers out of home. No additional
employees or office overheads have been taken over as part of the
transaction so the acquisition will be cash and profit positive
from the first sales on the platform.
The interactive floor projection system is a captivating digital
outdoor advertising medium in the heart of the retail environment
and combined with the current RAM Vision Iconic and walkway screen
network offers a combined weekly footfall of 11 million
consumers.
For further information please call:
Tim Baldwin RAM Active Media plc 0207 518 4303
Sandy Jamieson Libertas Capital Corporate Finance Limited 0207
569 9650
This information is provided by RNS
The company news service from the London Stock Exchange
END
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