IFM Intandem

 
TIDMIFM 
 
29 March 2010 
 
                              Intandem Films plc 
 
                         ("Intandem" or the "Company") 
 
                         Placing to raise GBP0.5 million 
 
                           Conversion of Loan Notes 
 
                          Appointment of Joint Broker 
 
The Board of Intandem, the London based international film group, is pleased to 
announce that is has raised GBP500,000, before expenses, through a placing (the 
"Placing") of 12,500,000 new ordinary shares of 0.1p (the "Placing Shares") at 
a placing price of 4p, representing a premium of 60 per cent. to the closing 
mid price on 25 March 2010. The net proceeds of the Placing will be used to 
repay an outstanding loan of GBP50,000 and fund the working capital requirement 
of the Company as it seeks to expand its operations. 
 
The Board is also pleased to announce that Graham Hampson Silk, a major 
shareholder in the Company, has agreed to convert the GBP450,000 convertible loan 
note issued in October 2008 by him (the "Loan Note") into 10,000,000 new 
ordinary shares of 0.1p at an effective conversion price of 4.5p per share, 
representing a premium of 80 per cent. to the closing mid price on 25 March 
2010. 
 
The Placing and the conversion of the Loan Note represent the final step by the 
Company in the restructuring of its balance sheet. Since September 2009, the 
Company has removed approximately GBP7.0 million of liabilities and, following 
the fundraising, the only remaining debt is a trade creditor prepayment which, 
as at 31 December 2009, equalled approximately GBP192,000. 
 
The Placing Shares and Conversion Shares represent approximately 21.3 per cent. 
of the enlarged issued share capital and will rank parri passu with the 
existing ordinary shares. Application has been made for the Placing Shares and 
the Conversion Shares to be admitted to trading on AIM and dealings are 
expected to commence at 8.00am on 30 March 2010. Following the issue of the 
Placing Shares and the Conversion Shares, the total number of shares in issue 
is 105,675,000 ordinary shares of 0.1p each. 
 
Intandem is also pleased to announce the appointment as joint broker Rivington 
Street Corporate Finance, who was responsible for the Placing. 
 
Gary Smith, Intandem's Chief Executive commented: 
 
"I am delighted to have completed the successful restructuring of our balance 
sheet and we are now focussed on improving the profit and loss account. We 
believe that the Placing at a premium to the current share price represents an 
endorsement of our strategy and we will continue to work hard to provide a 
return to all our shareholders." 
 
                                   - ENDS - 
 
For further enquiries please contact: 
 
Intandem Films Plc Tel: 020 7851 3800 
 
Gary Smith, CEO 
 
Nominated Advisor & Joint Broker 
 
Astaire Securities Plc Tel: 020 7448 4400 
 
Antony Legge / Luke Cairns 
 
Joint Broker 
 
Rivington Street Corporate Finance Tel: 020 7562 3373 
 
Dru Edmonstone 
 
Financial PR 
 
Bishopsgate Communications Tel: 020 7562 3350 
 
Robyn Samuelson / Siobhra Murphy 
 
intandem@bishopsgatecommunications.com 
 
Notes to Editors 
 
Intandem Films plc (www.intandemfilms.com) is a London based international film 
company. It specialises in raising finance for commercial feature films and 
selling them to distributors around the world. The Company earns fees for 
arranging the financing for the films' production and generates commission on 
all sales secured. 
 
Intandem closely manages the risk associated with the film industry and does 
not invest in films from its own resources. Its highest profile film to date 
was `How To Lose Friends and Alienate People' starring Simon Pegg, Jeff Bridges 
and Megan Fox - for which Intandem raised the finance and sold the film to 
distributors such as Paramount, Warners and MGM. 
 
 
 
END 
 

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