www.zoodigital.com
ZOO Digital Group provides software and related services that support the authoring, re-purposing and distribution of creative media. ZOO’s products form an integrated suite of web-based and desktop applications for audio/visual content and printed materials, adapting these media for different languages, formats and delivery mechanisms.
ZOO’s services enable quicker and more cost effective processes across a wide range of applications and formats, including packaging, printed materials, DVD, Blu-ray Disc, video on demand, electronic sell-through, broadcast, music and electronic books
Zoo Digital Group chairman and employee trust buy shares
ZOODigital Group (LON:ZOO) said it was notified that non-executive chairman Roger Jeynes and the ZOO Employee Share Trust bought, in aggregate, 250,000 shares in the company.
Jeynes bought 100,000 shares at 9.5 pence each, after which he is interested in 120,000 shares, or 0.04 percent of the issued capital.
ZEST bought 150,000 shares at an average price of 9.2 pence and is now interested in 534,105 shares, representing a 1.63 percent stake.
Zoo Digital's chief executive Dr Stuart Green told Proactive Investors last month he believes that the firm's ongoing diversification plan will help it recover from a faster than expected decline in its DVD related home entertainment business.
The Sheffield-based firm supplies software that is used in all forms of creative media and as consumers have tightened their belts, the home entertainment market, particularly for DVDs, has felt the squeeze.
“What happened in the home entertainment market was disappointing,” Green said. “We weren’t expecting growth in the DVD business and we had planned for the DVD component of our revenue mix to decline. But it has declined faster than the company, or indeed the industry, had been expecting.”
Green added: “But Zoo still sees growth coming from a number of other areas of the business, from the home entertainment business as well as other markets. Product diversification into additional markets and other customers is a big push of ours.”
Apart from the home entertainment part of the business, Green says that the next-generation of e-books can provide another exciting growth prospect for Zoo.
