MME Medal Ent&Med

RNS Number:5645Z
AIM
05 August 2002


ANNOUNCEMENT TO BE MADE BY AIM APPLICANT AT LEAST 10 BUSINESS DAYS PRIOR TO 
ADMISSION

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME:
Medal Entertainment & Media plc


COMPANY ADDRESS:
Trading:

29 Wardour Street

London

W1D 6PS



Registered:

Lacon House

84 Theobald's Road

London WC1X 8RW


COMPANY POSTCODE:
As above
COUNTRY OF INCORPORATION:
7 March 2001

COMPANY BUSINESS:

Holding company for businesses engaged in the acquisition, creation and 
exploitation of intellectual property rights in the media sector.


DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, 
nominal value and issue price):

*         9,143,582 Ordinary Shares of 10p each

*         9,208,518 Warrants (each to subscribe for 2 new Ordinary Shares of 10p 
          each at a price of 77p per share)


CAPITAL TO BE RAISED ON ADMISSION:

4,857,857 new Ordinary Shares will be placed at 70p each to raise #3.4 million 
(gross of expenses)


FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Brook Land (Non-executive Chairman)

Stephen Thomas Ayres (Chief Executive)

Brian Frederick John Harris (Non-executive Director)

Richard Alan Murray (Non-executive Director)

Christopher Graham Stainforth (Non-executive Director)



Michael Anthony Mercieca (Proposed Chief Financial Officer & Company Secretary)


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A 
PERCENTAGE OF THE ISSUED SHARE CAPITAL STATING WHETHER BEFORE OR AFTER ADMISSION:
After Admission:



Avesco plc                                                    23.44%
ISIS Capital plc                                              14.06%
Artemis Investment Management Limited                          9.37%
Rank Organisation plc                                          9.37%
Singer & Friedlander Investment Management Limited             9.37%
Columbia Pictures Video Limited                                4.69%
AIM Trust plc                                                  4.69%


NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, 
PARAGRAPH (G) OF THE AIM RULES.
Prior to Mr Michael Mercieca becoming Chief Financial Officer of Medal
Entertainment & Media plc on Admission, Media Gap Limited (a company controlled
by Mr Mercieca), will have been paid an aggregate of #39,421 (excluding VAT) in
respect of the provision of his services to Medal Entertainment up to 29 July
2002.


Details are disclosed in the Admission document dated 2 August 2002.


ANTICIPATED ACCOUNTING REFERENCE DATE:
31 March


NAME AND ADDRESS OF NOMINATED ADVISER:
Durlacher Limited

4 Chiswell Street

London EC1Y 4UP


NAME AND ADDRESS OF BROKER:
Durlacher Limited

4 Chiswell Street

London EC1Y 4UP



and



Teather & Greenwood Limited

Beaufort House

15 St Botolph Street

London EC3A 7QR


DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE
AVAILABLE FROM, WITH A STATEMENT THAT THIS
WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES.
The admission document, containing all details required by the AIM Rules, will be
available for 1 month from 2 August
2002 from the offices of:



Durlacher Limited

4 Chiswell Street

London EC1Y 4UP



and



Nabarro Nathanson

Lacon House

84 Theobald's Road

London WC1X 8RW


DATE OF NOTIFICATION:
5 August 2002
NEW/ UPDATE (see note):
New
LISTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN
INVESTING COMPANY, DETAILS OF ITS
INVESTMENT STRATEGY
Following Admission, the Enlarged Group will own two businesses:  Leisureview -
engaged in video publishing; and
Fountain Television - engaged in the operation of one of the UK's largest fully
equipped independent television
studios.



Following Admission, the Board intends to continue with the process of identifying
and acquiring additional businesses
which will be complementary to the Enlarged Group and which will provide a more
extensive portfolio of intellectual
property rights in the areas of TV and video production, home video and DVD programme
formats and underlying publishing
rights.


A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE
APPLICANT, WHICH HAS OCCURRED SINCE THE
END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED OR
AN APPROPRIATE NEGATIVE STATEMENT
Save as disclosed in the Admission document, there has been no significant change in
any of the companies in the
Enlarged Group (as it will be following Admission) since their respective latest
audited period ends.


A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT ITS
WORKING CAPITAL WILL BE INSUFFICIENT
FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION
In the opinion of the Board of Directors of Medal Entertainment & Media, having made
due and careful enquiry and after
taking account of the net proceeds of the Placing and the debt facilities being made
available, the working capital
available to the Enlarged Group will, from Admission, be sufficient for its present
requirements, that is for at least
the next 12 months.


DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES.
The Board of Directors have undertaken not to dispose of any of their holdings of
Ordinary Shares or Warrants for at
least 12 months following Admission, subject to certain exceptions such as the
acceptance of a takeover offer.  The
Board of Directors will hold between them 5.35% of the issued ordinary share capital
and 5.35% of the issued warrants
on Admission.








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

END

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