Business
Potential Acquisition
Potential Acquisition.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n RNS Number : 7956A Boomerang Plus PLC 15 October 2009 \n \nDate: 15 October 2009\nOn behalf of: Boomerang Plus plc ('Boomerang', 'the Company' or 'the Group') \nEmbargoed until: 0700hrs\n\nBoomerang Plus plc \nPotential Acquisition\n\nBoomerang (AIM: BOOM.L), a multi-genre, independent television production group operating within the Nations and Regions, today announces that it is in advanced talks to acquire Indus Films Limited, a Welsh-based, network-focused, award winning production company.\n\nThis announcement follows Boomerang having been made aware that the existence of these talks was in the public domain.\n\nA further announcement will be made in due course.\n\n\n- Ends -\n\nFor further information, please contact:\n\n\n\n\n\nBoomerang Plus plc \n\n\nVia Redleaf Communications \n\n\n\n\nHuw Eurig Davies, Chief Executive\n\n\n\n\n\n\n\nMark Fenwick, Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAltium Capital Limited\n\n\n020 7484 4040\n\n\n\n\nTim Richardson / Melanie Szalkiewicz\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRedleaf Communications\n\n\n020 7566 6700\n\n\n\n\n\n\n\n\nAnna Dunkin / Samantha Robbins\n\n\[email protected] \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEvolution Securities\n\n\n020 7071 4317\n\n\n\n\n\n\n\n\nAdam Lloyd\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBoomerang Plus\n\n\n\nThe Group, founded in 1994, has extensive experience in producing content in a variety of genres, including extreme sports, youth programming, music, entertainment, children's programming and drama\n\n\nThe market for independent television production companies in the Nations and Regions has grown following quotas from the regulator Ofcom, which require that, depending on the broadcaster, between 10 per cent. and 50 per cent. of qualifying programming hours must be sourced from outside the M25 boundary\n\n\nBoomerang is ranked in the top three independent television production companies, by revenue, in the Nations and Regions according to the Broadcast Survey (Nations and Regions) 2009\n\n\nThe Board's strategy is both ...