Exercise of Warrants and PDMR Notification

RNS Number : 1737C

Digitalbox PLC

18 February 2022

 

18 February 2022

Digitalbox plc

("Digitalbox" or the "Company")

Exercise of Warrants and PDMR Notification

Digitalbox plc (AIM: DBOX), the mobile-first digital media business, announces that it has received notification of an exercise of warrants in a subsidiary company which triggers an issue of 1,590,936 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") by way of consideration for the exercise of warrants in that subsidiary. The effective exercise price of the warrants was 2.28p per share. The current issued share capital for Digitalbox plc is 116,332,457 Ordinary Shares.

The warrants have been exercised by Mr. Martin Higginson who is a Non-Executive Director and considered to be a person discharging managerial responsibilities for the purpose of the UK Market Abuse Regulation.

Admission & Total Voting Rights

Pursuant to the exercise of the warrants, application will be made for 1,590,936 new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at 8:00am 24 February 2022.

Following the exercise, the percentage holding of Mr Higginson will be as per the table below:

Director and PDMR	Digitalbox plc Ordinary Shares issued pursuant to Warrant Exercise in subsidiary	Beneficial Holding Following Admission	Percentage of Ordinary Shares Following Admission
Martin Higginson	1,590,936	1,590,936	1.3%

For the purpose of the Disclosure and Transparency Rules, upon Admission the enlarged issued share capital of the Company will comprise 117,923,393 Ordinary Shares. The Company does not hold any ordinary shares in treasury.

The above figure may be used by shareholders 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 Disclosure and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them;

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Martin Higginson
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Digitalbox Plc
b)	LEI	213800WAVVOPS85N2205
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.01 each GB00BJK9H642
b)	Nature of the transaction	Pursuant to the exercise of warrants in a subsidiary company
c)	Price(s) and volume(s)	No. of shares issued Exercise  price 1,590,936 £0.0228
d)	Aggregated information - Aggregated volume - Price	1,590,936 £36,273.34
e)	Date of the transaction	16 February 2022
f)	Place of the transaction	Issuer allotment

This announcement contains information which, prior to its disclosure, was considered inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

END

Enquiries:

Digitalbox	c/o SEC Newgate
James Carter, CEO
Panmure Gordon (Nominated Adviser, Financial Adviser & Joint Broker )	Tel: [phone]
Alina Vaskina / James Sinclair-Ford (Corporate Advisory)
Rupert Dearden (Corporate Broking)
Alvarium Capital Partners (Joint Broker)	Tel: [phone]
Alex Davies / Hugh Kingsmill Moore
SEC Newgate (Financial PR)	Tel: [phone]
Robin Tozer / Isabelle Smurfit	[e-mail]

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.

Digitalbox operates three trading brands, "Entertainment Daily", "The Tab" and "The Daily Mash". Entertainment Daily produces and publishes online UK entertainment news covering TV, showbiz and celebrity news. The Daily Mash produces and publishes satirical news content. The Tab is the UK's biggest youth culture site fuelled by students.

Digitalbox generates revenue from the sale of advertising in and around the content it publishes. The Group's optimisation for mobile enables it to achieve revenues per session significantly ahead of market norms for publishers on mobile.

 

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