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Digitalbox PLC - Warrant exercise

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 PR)

Tel: 020 3757 6880;

Robin Tozer / Isabelle Smurfit

[email protected]

 

 

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 [email protected] or visit www.rns.com.
 
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Price: 6

Market: AIM
Market Cap: £5.51 m
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