ISD Imagesound

RNS Number:9304C
Imagesound PLC
15 May 2006

15 May 2006

                                 Imagesound plc

               Payment of Deferred Consideration and Option Deed

Imagesound plc (AIM: ISD.L) today announces the payment of #300,000 deferred
consideration in relation to the acquisition of Ideal Music Communications
Limited and Ideal Music Media Limited ("Ideal Music"), announced on 20 June
2005. This payment arises as a result of Ideal Music achieving the agreed
revenue targets and will be settled by the issue of 3 million Ordinary shares of
10p each in the Company to the Ideal Music vendors. The Company has applied for
these shares to be admitted to trading on AIM and admission is expected to occur
on 18 May.

Mapp Developments Limited ("MDL") has entered into an agreement with the vendors
for the vendors to put these shares to MDL in two equal tranches commencing for
one week each on 1 October 2006 and 5 January 2007 respectively, at a purchase
price of 10p per share. MDL also has the right to call for these shares in two
equal tranches from the date of this announcement until 30 September 2006 and 5
January 2007, respectively. MDL is a company wholly owned by Derek Mapp who is
also a Director and Executive Chairman of Imagesound plc.


                                     -Ends-


For further information

Ken Pratt                          Tel: 01246 572 990
Finance Director
Imagesound plc



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

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