First Day of Dealings (3898X)

TIDMSPSM

RNS Number : 3898X

Sports Stars Media plc

15 February 2012

Sports Stars Media Plc

("SSM" or the "Company")

First Day of Dealings

The Board of SSM (AIM: SPSM) is pleased to announce the commencement of dealings in its ordinary shares on the AIM market of the London Stock Exchange.

HIGHLIGHTS

- The Company raised GBP1.6 million of funds before expenses from a range of new and existing investors by a placing and offer for subscription of new ordinary shares at a price of 1 penny per share.

   -      A total of 360,175,842 ordinary shares of 0.03 pence have been admitted to trading.

- The net proceeds of the placing will be used to develop SSM's first animation series, entitled "Mourinho and the Special Ones", a children's series starring a character based on Jose Mourinho.

- The Company comprises an experienced board of directors with strong industry expertise, two of whom having recently produced Gombby, a TV series for pre-school children now airing in Portugal and Spain.

Ruben Dias, the Company's CEO, commented: "We are delighted to be joining AIM today and believe that this will allow us to develop a range of programmes based on leading sports activities and personalities to appeal to a worldwide audience. We are also proud to be the only Portugal-based company to be listed on AIM."

For further details contact:

 
 Sports Stars Media plc 
  Ruben Dias, CEO 
  www.sportsstarsmedia.com                     +1604 902 2214 
 Nominated Adviser, Cairn Financial 
  Advisers LLP 
  James Caithie / Avi Robinson                 +44 207 148 7900 
 Broker, Dowgate Capital Stockbrokers 
  Limited 
  Neil Badger                                  +44 129 351 7744 
 Financial PR, Bishopsgate Communications 
  Deepali Schneider / Natalie Quinn 
  sportsstars@bishopsgatecommunications.com    +44 20 7562 3350

COMPANY OVERVIEW

SSM and its wholly-owned Portuguese subsidiaries, Special Factory, Unipessoal, Lda ("Special Factory") and Magnistage, Unipessoal, Lda ("Magnistage") (together the "Group"), have been established to engage in the production and commercialisation of children's CGI animation television series and brands with a focus on sports and sports stars. The main country of operation of the Group is Portugal.

Special Factory is currently in the early stages of developing its first animation series starring a character based on Jose Mourinho, the renowned Portuguese football manager. The name of the series is intended to be "Mourinho and The Special Ones" ("MSO") and its target audience is intended to be children aged 6 to 12 years.

Special Factory has been granted the exclusive right to use Jose Mourinho's name, image and likeness in connection with the MSO series and associated merchandise.

The Group's concept has evolved from the experience and expertise of Ruben Dias and Pedro Maria, the Group's Chief Executive Officer and Production Director respectively, who co-founded Big Storm Studios, which has recently produced Gombby, a children's CGI animation television series aimed at pre-school children. The Directors intend to apply this experience and expertise to the production and commercialisation of MSO.

Commercialisation of the MSO series is intended to comprise the sale of television rights, providing the rights to a television station to broadcast the series, and licensing rights, permitting the holder of such rights to sell MSO-branded merchandise or to promote live performances under the brand. In addition, Magnistage will receive a fee for distributing the Gombby series worldwide and has a call option to purchase the intellectual property of the Gombby brand at any point from admission until 31 December 2014.

SIGNIFICANT SHAREHOLDINGS

Ruben Dias, the Company's CEO, subscribed for 22,000,000 shares in the placing. His resultant shareholding in the Company following admission is 140,000,000 ordinary shares representing 38.9 per cent. of the issued share capital of the Company.

The Company has been informed that, following the placing, the following shareholders have a notifiable interest in the Company:

 
 Name                   Number of shares   Percentage of 
                                            issued share 
                                                 capital 
---------------------  -----------------  -------------- 
 Ruben Dias *                140,000,000           38.9% 
---------------------  -----------------  -------------- 
 Pedro Maria *                40,000,000           11.1% 
---------------------  -----------------  -------------- 
 Miguel Mascarenhas           25,000,000            6.9% 
---------------------  -----------------  -------------- 
 Carlos Amaro *               24,000,000            6.7% 
---------------------  -----------------  -------------- 
 Pedro Belchior               12,000,000            3.3% 
---------------------  -----------------  -------------- 
 Jose Maria da Cunha          12,000,000            3.3% 
---------------------  -----------------  --------------

* director of the Company

A full copy of the admission document is available from the Company's website at www.sportsstarsmedia.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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