Issue of Equity


 
TIDMIFM 
 
29 March 2012 
 
                              INTANDEM FILMS PLC 
 
                      ("Intandem Films" or the "Company") 
 
                                  (AIM: IFM) 
 
                                Issue of Equity 
 
Intandem raises GBP1 million to launch UK film distribution business and expands 
                           operations in Los Angeles 
 
Intandem Films, the London based international film group, is pleased to 
announce that it has raised gross proceeds of GBP1 million through a placing of 
20,000,000 new ordinary shares of 0.1p each (the "Placing Shares") at 5p per 
share. In addition, each of the placees has been issued warrants to subscribe 
for further new ordinary shares on the basis of one warrant for every four 
Placing Shares with each warrant being exercisable at any time before 03 April 
2013 at a price of 10p per share. 
 
The net proceeds of the placing will be used primarily to launch Intandem Film 
Distribution ("IFD"), expanding the Company's business into UK film 
distribution. The Company is also expanding its operations in Los Angeles with 
the appointment of a Senior VP of Production and Business Affairs. 
 
Application has been made for the Placing Shares to be admitted to trading on 
AIM ("Admission") and it is expected that dealings will commence at 8:00 am on 
03 April 2012. 
 
Following Admission, the Company's enlarged share capital will comprise 
146,715,000 ordinary shares with voting rights. This figure may be used by 
shareholders in the Company as the denominator for the calculations by which 
they will determine if they are required to notify their interest in, or a 
change in their interest in, the share capital of the Company under the FSA's 
Disclosure and Transparency Rules. 
 
Intandem's UK distribution business will be headed by Robert Mitchell, who will 
be CEO of IFD, effective immediately. In his role, he will be responsible for 
the cinema release and ancillary exploitation of Intandem's films as well as 
third party films. Robert was the former Managing Director of Buena Vista in 
the UK, the distribution arm of Walt Disney Company, where he was responsible 
for releasing films such as Pirates of the Caribbean, Toy Story, Kill Bill and 
Pulp Fiction. He will become an executive director of Intandem Films plc, 
[when?] having been appointed a non-executive director in November 2011. 
 
A fundamental element of Intandem's strategy is to take greater control over 
the films it represents, and IFD will allow Intandem to exploit huge 
opportunities in the film distribution business. Intandem has already secured 
distribution rights for K-11, an American film that has been described as the 
next One Flew Over the Cuckoo's Nest, which is in `post-production', and 
Catweazle, a film version of the popular 1970's book and television series. 
 
As part of Intandem's strategy of increasing its presence in Los Angeles, the 
Company has appointed Sepideh Haftgoli as Senior VP of Production and Business 
Affairs. Sepideh joins Intandem from film production company, Lightstream 
Pictures, where she garnered an in-depth knowledge of production, the 
international market for films, and of changing audience tastes. Prior to that, 
Sepideh spent time working for the President of Creative Artists Agency, 
Richard Lovett, where she began establishing significant relationships with 
studio executives, top talent, literary agencies and independent filmmakers. 
Sepideh will oversee all of Intandem's productions sourced from Los Angeles. 
 
Gary Smith, CEO and Chairman of Intandem Films, says: 
 
"We are delighted to be entering the distribution market at a time when the 
costs of distribution have come down and the number of platforms for exploiting 
films is increasing as a result of digital technology. The film industry is 
starting to benefit from innovations in the form of digital downloads and video 
on demand". 
 
"IFD places us in a strong position to exploit this technological revolution 
and take advantage of the opportunities for distributing films in the U.K. In 
addition, the appointment of Sepideh increases the opportunities to add more 
films to our portfolio from major producers in Los Angeles." 
 
                                     -END- 
 
Contacts 
 
Intandem Films plc Tel: 020 7851 3800 
Gary Smith, Chief Executive 
 
Nominated Adviser 
Northland Capital Partners Limited Tel: 020 7796 8800 
Luke Cairns / Rod Venables 
 
Broker 
 
Xcap Securities Tel: 0207 101 7070 
Jon Belliss / Karen Kelly 
 
Broker 
 
Rivington Street Corporate Finance 
Jon Levinson Tel: 020 7562 3384 
 
Financial PR 
 
Bishopsgate Communications Tel: 020 7652 3350 
Deepali Schneider / Lynne Goulding 
intandem@bishopsgatecommunications.com 
 
About Intandem Films Plc 
 
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. 
 
Intandem has 31 finished films under management. 
 
 
 
END
Intandem Films (LSE:IFM)
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