TIDMFAN 
 
RNS Number : 3955H 
First Artist Corporation PLC 
19 February 2010 
 
For immediate release on 19th February 2010 
 
 
                          First Artist Corporation plc 
                                (the "Company") 
 
                      Earn Out Payment and Issue of Equity 
 
 
First Artist Corporation plc (AIM: FAN), the media and sport group, is pleased 
to announce that Dewynters Limited ("Dewynters"), the UK's leading full-service 
theatre and entertainment marketing agency, has achieved the third and final 
year performance targets detailed under the terms of the acquisition agreement 
dated 29th November 2006. 
 
As a result, the following consideration is payable to the Vendors of Dewynters, 
to be satisfied as follows: 
 
·     A cash entitlement of GBP1,971,272 in the form of Loan Notes. 
 
·     The allotment by the Company to the Dewynters Vendors of 34,332 new 
ordinary shares of 2.5 pence each in the capital of the Company ("New Ordinary 
Shares") at a consideration price of 19.83 pence per New Ordinary Share. 
 
Application has therefore been made for the admission of the New Ordinary Shares 
to trading on the AIM market of the London Stock Exchange.  Upon issue, the New 
Ordinary Shares will rank pari passu with the Company's existing ordinary 
shares.  It is expected that admission will become effective and that dealings 
in the New Ordinary Shares will commence on 23rd February 2010.  Following 
admission, the Company will have a total issued share capital of 29,956,103 
ordinary shares. 
 
                                  -     ends - 
 
For further information: 
 
 
+------------------------------------------------+-----------------------+ 
| First Artist Corporation plc                   | tel: 020 7993         | 
| Jon Smith, Chief Executive                     | 0000                  | 
| Julianne Coutts, Director & Company Secretary  | www.firstartist.com   | 
|                                                |                       | 
+------------------------------------------------+-----------------------+ 
| Seymour Pierce Limited, Nominated Adviser and  | tel: 020 7107         | 
| Broker                                         | 8000                  | 
| Mark Percy                                     | www.seymourpierce.com | 
| Tom Sheldon                                    |                       | 
|                                                |                       | 
+------------------------------------------------+-----------------------+ 
Notes to Editors: 
First Artist Corporation plc was admitted to AIM in 2002. 
 
First Artist's group companies are among the leading brands in their fields 
under the following categories: 
 
Media - entertainment advertising, marketing, design, promotions, digital media, 
merchandising, signage and front of house displays for the West End, Broadway 
and Las Vegas via the Dewynters, SpotCo and Newman Displays brands. Sponsorship 
rights marketing through First Rights Limited.  Events such as conferences, 
company activity days, parties, venue finding, delegate management and client 
events for private and public sector clients through The Finishing Touch. 
 
Sport - representation of football players/clubs across the UK, Europe and the 
US through the Sport division. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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