Strategic review update and end of Offer Period

RNS Number : 1422H

Rightster Group PLC

27 November 2015

 

27^th November 2015

Rightster Group plc

("Rightster" or the "Group" or the "Company)

Strategic review update and end of Offer Period

On 17 November 2015, Rightster announced a number of changes to the board, supported by the major shareholders, including the appointment of a new Chairman, CEO and COO.  In light of their evolving plans for the business, the board has made the decision to conclude the strategic review process and focus on seeking further investment in the Company.  

Accordingly, the Company is no longer in an offer period under the Takeover Code.

Ashley MacKenzie, CEO, commented:

"I am pleased to report that, since joining as CEO, I've been greatly encouraged by the Company's excellent people, strong client base and opportunities available to leverage the current technical platform. The market opportunity in this sector remains huge and, as we develop a leaner and more efficient commercial direction to the business, we expect it to become increasingly attractive to strategic investors."  

For further information please contact:

Rightster Group plc

Ashley MacKenzie, CEO                                                                             Via Newgate

Niall Dore, CFO                

Westhouse Securities  Limited                                                                 020 7601 6100

Robert Finlay / Richard Johnson / Edward Thomas

Newgate                                                                                                            0207 653 9850

Tim Thompson/ Adam  Lloyd / Robyn McConnachie    

About Rightster Group plc

Founded in 2011, Rightster is already the number one global multi-platform network for digital video. Rightster's cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster's network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.

 

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