NAPS Napster Group Plc

 
TIDMIPNT 
 
21 September 2010 
 
                               iPoint-media plc 
 
                       ("iPoint-media" or "the Company") 
 
                    Result of meeting of Loan Note holders 
 
iPoint-media plc (AIM:IPNT) announced on 31st August 2010 that it was seeking 
consent from holders of its Loan Notes (the "Noteholders") to defer the next 
interest payment, due on 30 September 2010 in accordance with the Loan Note 
Instrument, until the Company has implemented a comprehensive restructuring of 
its business and debts. At the Noteholders' meeting held on 21 September 2010, 
consent was given by the requisite majority of Noteholders in respect of the 
deferral of the interest payment. 
 
In conjunction with the deferral of interest, the deferred interest due to 
Noteholders on 30 September 2010 (the "Deferred Interest Amount") will bear 
default interest at a rate of 12 per cent. per annum, until paid. The Deferred 
Interest Amount and the default interest amount due on the Deferred Interest 
Amount will be added to the principal amount of the Loan Notes and paid to 
Noteholders together with repayment of principal in accordance with the terms 
of the Loan Notes Instrument. 
 
The Company plans to implement a more significant restructuring of its business 
and debt so as to create a basis for a new fundraising. 
 
Further enquiries: 
 
iPoint-media plc                                               +(0) 972 544 450 
                                                                            667 
Muki Geller 
 
Libertas Capital Corporate Finance Limited                      +44 (0) 207 569 
                                                                           9650 
Andrew McLennan/Thilo Hoffmann 
 
. 
 
 
 
END 
 

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