NAPS Napster Group Plc

 
TIDMIPNT 
 
7 October 2009 
 
 
 
                               iPoint-media plc 
 
                         ("iPoint" or the "Company") 
 
                 Further re: Open Offer and Subscription Offer 
 
                  Minimum Subscription of GBP1 million achieved 
 
On 26 August 2009 iPoint-media announced that it was proposing to raise up to 
approximately GBP1.73 million (before expenses) by way of an Open Offer to the 
Company's existing Shareholders and a Subscription Offer to new investors. 
Defined terms used in the announcement on 26 August 2009 shall have the same 
meanings in this announcement. 
 
The Company announces that at the closing date of the Open Offer at 3 p.m. on 2 
October 2009 the Company had received valid applications from existing 
Shareholders for an aggregate of GBP258,312.20. 
 
The above applications include an application by Nisko to subscribe for Offer 
Units to the value of GBP255,117.20, amounting to 14.8 per cent. of the Offer 
Units available under the Open Offer. 
 
Furthermore, the Company announces that it has been informed by CSS Partners 
LLP ("CSS"), as Placing Agent to the Subscription Offer, that CSS had by close 
of business on 2 October 2009 received commitments under the Subscription Offer 
of in excess of GBP750,000. 
 
The Open Offer and the Subscription Offer are conditional upon, inter alia, the 
aggregate subscription being in excess of GBP1 million. Subject to the receipt of 
all application monies by the Company's registrar, this condition has now been 
achieved. Application will be made for the appropriate number of new ordinary 
shares to be admitted to trading on AIM in due course. 
 
The Open Offer is now closed but the Subscription Offer will remain open until 
it is subscribed in full or 26 October 2009, whichever occurs earlier. A 
further announcement with respect to satisfaction of the remaining conditions 
will be made shortly. 
 
Further enquiries: 
 
iPoint-media plc 
 
Muki Geller                                                +(0) 972 544 450 667 
 
John East & Partners Limited, a subsidiary of Merchant Securities PLC 
 
Bidhi Bhoma                                                +44 (0) 207 628 2200 
 
David Worlidge 
 
 
 
END 
 

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