Digitalbox PLC Warrant exercise (7898D)
February 21 2020 - 8:54AM
UK Regulatory
TIDMDBOX
RNS Number : 7898D
Digitalbox PLC
21 February 2020
21 February 2020
Digitalbox plc
("Digitalbox" or "the Company")
Exercise of Warrants
Digitalbox plc (AIM: DBOX), the mobile-first digital media
business, which owns Entertainment Daily and The Daily Mash,
announces that, following the exercise of 7,085 Digitalbox
Publishing Holdings' ("DBPH") warrants and pursuant to the terms of
the Warrant Acquisition Agreement dated 7 February 2019, the
Company has issued 1,590,936 ordinary shares of 1 pence each in the
Company (the "DBPH Warrant Shares").
In accordance with the DBPH Warrant Acquisition Agreement, as
outlined in Digitalbox's admission document, the Company has issued
the DBPH Warrant Shares in consideration for the acquisition of the
shares in DBPH issued following the aforementioned exercise of
7,085 DBPH warrants. As a result of such acquisition and the issue
of the DBPH Warrant Shares, DBPH will remain a wholly-owned
subsidiary of the Company
Application has been made to the London Stock Exchange for the
DBPH Warrant Shares to be admitted to trading on AIM ("Admission")
and it is expected that such Admission will occur at 8.00 a.m. on
24 February 2020. The DBPH Warrant Shares will be issued credited
as fully paid and will rank in full for all dividends and other
distributions declared, made or paid after the admission of the
DBPH Warrant Shares, respectively and will otherwise be identical
to and rank on Admission pari passu in all respects with the
existing Ordinary Shares. The DBPH Warrant Shares are not being
made available to the public and are not being offered or sold into
any jurisdiction where it would be unlawful to do so.
Following Admission, the Company will have 91,842,662 Ordinary
Shares in issue, none of which will be held in treasury.
Accordingly, the total number of voting rights in the Company will
be 91,842,662 and shareholders may use this figure as the
denominator for the calculations 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 Guidance and
Transparency Rules.
ENDS
Digitalbox c/o Newgate Communications
James Carter, CEO
WH Ireland (Nomad and Broker) Tel: 0117 945 3470
Mike Coe / Chris Savidge
Newgate Communications (Financial Tel: 020 3757 6880;
PR)
Robin Tozer / Isabelle Smurfit digitalbox@newgatecomms.com
About Digitalbox plc
Based in Bath, UK, Digitalbox is a 'pure-play' digital media
business with the aim of profitable publishing at scale on mobile
platforms. The company's operating model has been developed and
refined since publishing operations began in December 2015.
Digitalbox operates two trading brands, "Entertainment Daily"
and "The Daily Mash". Entertainment Daily produces and publishes
online UK entertainment news covering TV, showbiz and celebrity
news. Entertainment Daily has averaged c. 2.2 million unique users
per month over H1 2019, with 13 million monthly UK sessions. In
March 2019, Digitalbox acquired leading online satirical website,
The Daily Mash. The Daily Mash has over 4 million visits per month,
and more than 900,000 Facebook followers.
Digitalbox generates revenue from the sale of advertising in and
around the content it publishes. The Company's optimisation for
mobile enables it to achieve revenues per session significantly
ahead of market norms for publishers on mobile.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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