VMG Vision Media

    RNS Number : 2115H
  Vision Media Group (Intl) PLC
  03 November 2008
   

    

 Press Release  3 November 2008

    Vision Media Group (International) plc

    ("VMG" or "the Group")

    Placing 


Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that it has successfully placed 12,300,000 new
Ordinary Shares at 4 pence per share to institutional investors, Board Directors, executive management and other existing shareholders.


    All 12,300,000 new Ordinary Shares, which will rank pari passu with the existing shares, are expected to be admitted to trading on AIM
on 3 November 2008.

    Mike Cottman, Executive Chairman of VMG, said: "This strengthening of the capital base supports our strategy of rolling-out our
proprietary Iconic Pods in shopping malls, to coincide with the busy pre-Christmas shopping season.  Our new Iconic Pods are now leaving the
production line and our installation programme is underway. The first of our digital panel national advertising campaigns will be aired in
November, which is proving particularly timely as brand owners look to improve sales in what is a challenging economic environment for them.
Our digital panel network is being increasingly recognised as a valuable advertising medium because of the unique positions we enjoy at the
point-of-purchase in some of the major shopping malls in the UK.

    "This successful placing signals our continued and growing confidence in the performance of the Group. The money raised will bolster our
current financial position as well as enable us to take advantage of strategic opportunities elsewhere in the market."

    Following this placing, the significant shareholders' and Directors' total interests (either directly or indirectly) in Ordinary Shares
have changed accordingly:

                             Number of   Total Ordinary      % of issued
                       Ordinary Shares          Shares:   share capital:
                            purchased:
 Dominic Brookman              625,000       19,943,640           20.90%
 Mike Cottman                3,750,000       14,529,550           15.23%
 Eric Anstee                   375,000        1,634,627            1.71%
 Tim Ritson                    625,000        9,157,178            9.60%
 Liontrust Asset             1,675,000        9,542,544            9.87%
 Management

    As all the executive Board are participating in the Placing, Seymour Pierce confirm that the terms of the Placing are fair and
reasonable insofar as shareholders are concerned.

    Following this notification, the total number of shares in issue will stand at 95,554,883.

    - Ends -

    For further information:
 Vision Media Group (International) plc
 Mike Cottman, Executive Chairman           Tel: +44 (0) 203 206 0001
 mikec@visionmediagroupplc.com           www.visionmediagroupplc.com 

 Seymour Pierce Limited
 Stuart Lane / John Depasquale, Corporate Finance  Tel: +44 (0) 20 7107 8000
 stuartlane@seymourpierce.com                          www.seymourpierce.com

    Media enquiries:
 Abchurch
 Henry Harrison-Topham / Jack Ballantyne  Tel: +44 (0) 20 7398 7714
 jack.ballantyne@abchurch-group.com          www.abchurch-group.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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