Newsplayer Group PLC
26 July 2001
Newsplayer Group plc ('Newsplayer')
Placement of Shares
Paul Duffen, Chief Executive and Barry Llewellyn, Director of Newsplayer
together with two founding shareholders, Reef Securities and Guy Middleton
successfully placed a total of 3.25 million ordinary shares of 1p each
('Ordinary Shares') at a price of 37p per share with institutional
shareholders yesterday. These shares were placed to increase liquidity in the
market for Newsplayer shares.
Paul Duffen sold 975,000 Ordinary Shares representing 1.48 per cent of the
issued share capital of Newsplayer at 37p per Ordinary Share. Following the
sale, Paul Duffen continues to hold 8,322,036 Ordinary Shares representing
12.65 per cent of the issued share capital.
Barry Llewellyn sold 975,000 Ordinary Shares representing 1.48 per cent of the
issued share capital of Newsplayer at 37p per Ordinary Share. Following the
sale, Barry Llewellyn continues to hold 8,322,036 Ordinary Shares representing
12.65 per cent of the issued share capital.
Reef Securities sold 975,000 Ordinary Shares representing 1.48 per cent of the
issued share capital of Newsplayer at 37p per Ordinary Share. Following the
sale, Reef Securities continues to hold 8,426,646 Ordinary Shares representing
12.8 per cent of the issued share capital.
Guy Middleton sold 325,000 Ordinary Shares representing 0.49 per cent of the
issued share capital of Newsplayer at 37p per Ordinary Share. Following the
sale, Guy Middleton continues to hold 4,313,518 Ordinary Shares representing
6.55 per cent of the issued share capital.
Paul Duffen, Chief Executive of Newsplayer said: 'We are pleased at the strong
response from institutional investors. I believe this is an endorsement of the
Directors' confidence in Newsplayer's prospects. Newsplayer continues to grow
successfully as we build our business through the acquisition of important new
properties and the development of innovative applications.'
Enquiries:
Newsplayer 020 7927 6699
Paul Duffen, Chief Executive
Brunswick 020 7404 5959
Gavin Partington
Harry Chathli
Notes to Editors
================
Newsplayer Group plc
Newsplayer exploits rights and/or licences to television and cinema content
using interactive technology and markets them globally to B2B, B2E and B2C
platforms.
Revenues are generated from the licensing of content to third parties (B2B),
from the charging of subscriptions to schools and colleges for access to
bespoke educational products (B2E) and from pay-per-view and video-on-demand
fees from consumers (B2C).
Newsplayer's content portfolio includes 1000 hours of ITN and Reuters news
material, material from Columbia Sports News and Castle Films (Stock Video of
Boston), Universal News (The Alison Mercer Collection) and the Passport
International collection as well as hundreds of interviews conducted by Sir
David Frost (The Frost Collection).
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