Admission to AIM and First Day of Dealings

RNS Number : 1704I

Marimedia Ltd

28 May 2014

 



NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (THE "UNITED STATES") (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

For release at 8.00am

28 May 2014

Marimedia Ltd.

("Marimedia" or the "Company")

Admission to AIM and First Day of Dealings

Marimedia Ltd. (AIM: MARI), a provider of proprietary technology solutions for optimising online advertising revenue for website owners globally, is pleased to announce that trading in its Ordinary Shares commenced at 8.00am BST today on AIM. The Company has successfully raised £29.8 million ($50 million) before costs and expenses via the placing of 11,672,001 new ordinary shares and 7,780,224 existing ordinary shares at a price of 153 pence per share, capitalising Marimedia at £94.7 million. The Company is trading under the ticker symbol MARI.L.

Hagai Tal, Chief Executive Officer of Marimedia, said: "We are delighted to be joining AIM. We believe our listing will enhance our profile and visibility with customers and partners, particularly in our key growth markets. The monies raised will enable us to develop and enhance our offering to respond to market changes and developments as well as increase our ability to satisfy the growing demand from website owners to generate revenues by selling their advertising space at the best price. We thank our new investors and all those who expressed an interest - with better-than-expected demand resulting in over-subscription - and look forward to updating them on our progress as we continue to grow."

N+1 Singer Advisory LLP ("N+1 Singer") is acting as the Nominated Adviser and Broker to Marimedia.

Copies of the Company's admission document (dated 22 May 2014) are available on the Marimedia website: www.marimedia.net

All values are based on an exchange rate of £1: US$1.68

Marimedia
Hagai Tal, Chief Executive Officer	[phone]
N+1 Singer
Jonny Franklin-Adams, Jen Boorer	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Oli Hibberd	[phone]

 

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