Share Issue/Capital Change • Feb 25, 2013
Share Issue/Capital Change
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RNS Number : 6214Y
Media Corporation PLC
25 February 2013
25 February 2013
Media Corporation Plc
(the "Media Corp" or the "Company")
Issue of Equity Amendment
This announcement represents an amendment and replacement to that made by the Company at 7am on 25 February 2013 the full text of which is below this announcement.
Further to the announcement this morning in respect of the issue of 200,000,000 new ordinary shares of 0.1p the Company announces that of the 200,000,000 subscribed for only 114,000,000 (the "Revised Subscription Shares") are to be issued and allotted as at today's date raising £114,000. The subscription for the remaining 86,000,000 ordinary shares at 0.1p will be subject to the approval by shareholders of certain resolutions at a general meeting to be held no later than 2 April 2013. A further announcement will be made as and when the notice convening the general meeting has been sent to shareholders.
Application will be made for the Revised Subscription Shares to be admitted to trading on AIM with Admission expected on 1 March 2013.
Following the issue of the Revised Subscription Shares the Company the enlarged issued share capital of the Company is 1,008,625,034 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
Original announcement to be disregarded:
Issue of Equity
The Company is pleased to announce that it has issued and allotted 200,000,000 new ordinary shares of 0.1p (the "Subscription Shares") following the receipt of subscriptions from investors for the Subscription Shares raising £200,000 for the Company. The funds raised will be used for general working capital and the pending launch of the Company's Intabet and Betcomparer platforms.
Application will be made for the Subscription Shares to be admitted to trading on AIM with Admission expected on 1 March 2013.
Following the issue of the Subscription Shares the Company the enlarged issued share capital of the Company is 1,094,625,034 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
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| Media Corporation Plc Phil Jackson - Chairman |
Tel: +44 207 618 9000 |
| Northland Capital Partners Limited Luke Cairns / Lauren Kettle (Nominated Adviser) |
Tel: + 44 207 796 8800 |
| XCAP Securities Jon Belliss (Joint Broker) |
Tel: + 44 207 101 7070 |
| Bishopsgate Communications | Tel: + 44 207 562 3350 |
| Nick Rome |
This information is provided by RNS
The company news service from the London Stock Exchange
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