Issue of Equity

RNS Number : 0629F

Rightster Group PLC

17 February 2015

 



17 February 2015

Rightster Group plc

("Rightster" or the "Company")

Issue of equity

Application has been made to trading on AIM for the admission of 460,215 new ordinary shares of 0.1 pence each in the Company (the "New Shares"). The New Shares, which will rank pari passu in all respects with the Company's existing ordinary shares in issue, have been allotted pursuant to the exercise of options (as to 110,580 New Shares) by current and former employees of the Company and pursuant to the terms of a licence agreement (as to 349,635 New Shares) made among the Australian Football League, the Company and the Company's wholly owned subsidiary, Rightster Limited which was announced on 5 December 2013. Admission of the New Shares is expected to become effective on 18 February 2015.

Following the issue of the New Shares the total number of ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company with voting rights will be 194,246,905. The Company does not hold any Ordinary Shares in Treasury. 

The above figure of 194,246,905 Ordinary Shares may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information visit www.rightster.com or please contact: 

Rightster Group plc	via Newgate Threadneedle
Patrick Walker, CEO
Niall Dore, CFO
Cenkos Securities plc	Tel: [phone]
Max Hartley/Mark Connelly (Nomad) / Julian Morse (Sales)
Newgate Threadneedle	Tel: [phone]
Adam Lloyd / Robyn McConnachie / Lois Engstrand

About Rightster Group plc

Founded in May 2011 by CEO Charles Muirhead, Rightster is a global business to business video network for 360° distribution, content-sourcing, audience engagement and monetisation. Rightster's software and services make it simple for sports, fashion, news, entertainment and viral rights holders to enhance the value of their video whether on a licenced, ad-funded, direct to consumer or paid placement basis.

Rightster's network currently stands at over 850 content owners and over 7,500 publishers. The Group employs approximately 180 staff in 10 offices across 10 countries.

 

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