Share Issue/Capital Change • Apr 19, 2013
Share Issue/Capital Change
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RNS Number : 7361C
Media Corporation PLC
19 April 2013
19 April 2013
Media Corporation Plc
("Media Corp" or the "Company")
GoalMillions Launch and Issue of Equity
GoalMillions Launch
Media Corp, the AIM quoted online gaming group, announces that GoalMillions, the Company's online football based skill game, will go live today after a successful beta trial.
Players can win one of two games each offering a £1 million jackpot, players simply have to correctly pick the six quickest teams to score ("Quick Fire") or the six teams to score last ("Golden Goals"), in any order. Players have a choice of 48 teams from a selection of 24 fixtures across the English and Scottish football leagues. In the event that there are multiple winners for either game, the respective £1million prize will be shared equally between those players.
Draws to win the jackpot will be made each week from players correctly selecting that week's Quick Fire and Golden Goals teams from 19 April 2013 until the end of the season, with the final draw being on 5 May 2013. The Company is offering selected players a number of bonus options including bonus bets and incentives for preregistered players.
Interested parties can play at www.goalmillions.com.
This follows a contract win with Boxing Channel Media Limited to supply betting services to its TV channel, BoxNation, as announced on 20 March 2013. This is the Company's first white label contract win, enabling Media Corp to capitalise on its Intabet software platform on a revenue sharing basis. The Company has a number of proposals in front of customers and hopes to be able to announce further details of these new opportunities in due course.
Phil Jackson, CEO, Media Corp plc said:
"These developments represent a positive step forward for the Company following its decision to dispose of its non-core assets. Media Corporation is now focusing on commercialising existing intellectual property and developing further new technologies specifically in the gaming arena."
Issue of Equity
Media Corp also announces it has issued 10,000,000 new ordinary shares as the second of a two-part milestone payment to a former consultant for services previously provided to the Company.
Application has been made for the new ordinary shares to be admitted to trading on AIM, with dealings expected to commence on 24 April 2013.Following admission of the new ordinary shares, the Company will have a total of 1,304,625,034 ordinary shares of 0.1p each in issue. 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 FCA'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/ Sam Allen/ Matthew Low |
This information is provided by RNS
The company news service from the London Stock Exchange
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