TIDMIFM

RNS Number : 7280S

Intandem Films PLC

11 November 2013

INTANDEM FILMS PLC

("Intandem" or the "Company")

Issue of Equity

Intandem Films plc (AIM: IFM), the London based international film group, is pleased to announce that it has raised GBP141,768 by way of placing 28,353,647 new ordinary shares at a price of 0.5 pence per share. The Company intends to utilise the proceeds to meet certain short term liabilities and for general working capital purposes. Application has been made to the London Stock Exchange for the placing shares to be admitted to trading on AIM andadmission is expected to commence on 14 November 2013.

Further to the Company's announcement of 23 October 2013 relating to a subscription for new ordinary shares, application has now been made to the London Stock Exchange for 26,400,000 new ordinary shares to be admitted to trading on AIM and admission is expected to commence on 12 November 2013. GBP125,000 of the subscription proceeds announced on 23 October 2013 remain outstanding from one placee relating to a direct subscription with the Company. Accordingly, application is expected to be made in due course to the London Stock Exchange for the associated 25,000,000 shares to be admitted to trading on AIM once monies are received.

The number of ordinary shares in the Company in issue following the issue on 12 November 2013 will be 355,315,000. The number of ordinary shares in the Company in issue following the issue on 14 November 2013 will be 383,668,647. The above figurers may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Commenting on the placing, Robert Mitchell, CEO of Intandem Films, said: "We are pleased to have successfully raised this new money and are excited about the potential to grow Intandem."

Contacts:

 
Intandem Films plc 
 Robert Mitchell, Chief Executive Officer        +44 (0)20 7851 3800 
 Peterhouse Corporate Finance 
  Jon Levinson / Lucy Williams 
  finnCap 
  Ed Frisby / Ben Thompson - Corporate Finance    +44 (0)20 7469 0930 
  Stephen Norcross - Corporate Broking             +44 (0)20 7220 0500 
 Bishopsgate Communications 
  Nick Rome/Sam Allen 
  intandem@bishopsgatecommunications.com          +44 (0)20 7562 3350

About Intandem Films

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. Intandem closely manages the risk associated with the film industry and does not invest in the production of 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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