Application for admission to trading on AIM of New Ordinary Shares following a Capital Reorganisation
Media Corporation PLC
Media Corporation Plc
(‘Media Corp’ or the ‘Company’)
Application for admission to trading on AIM of New Ordinary Shares following a Capital Reorganisation
Media Corporation Plc, the AIM quoted advertising network and online gaming group, announces that application has been made for 509,235,879 new ordinary shares of 0.1p each (‘New Ordinary Shares’), to be admitted to trading on AIM (‘Admission’). It is expected that Admission will occur on 6 July 2012.
The New Ordinary Shares will be in issue following a capital reorganisation (‘Capital Reorganisation’), if approved by shareholders at a general meeting of the Company (‘General Meeting’) which will be held on 5 July 2012.
Under the Capital Reorganisation, each of the existing 509,235,879 ordinary shares of 1p each in the Company will be sub-divided into one New Ordinary Share and 9 new deferred shares of 0.1p each (‘New Deferred Shares’). In addition, each unissued ordinary share of 1p each comprised within the authorised capital of the Company will be sub-divided into one New Ordinary Share and that each existing deferred share of 4p each will be sub-divided into 40 New Deferred Shares.
Following Admission, the Company’s total issued share capital will comprise 509,235,879 New Ordinary Shares. This figure may be used by shareholders in the Company as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, the issued ordinary share capital of the Company following Admission.
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Contacts:
Media Corporation Plc | Â | Â | Â | Tel: +44 20 7618 9000 |
Phil Jackson - Chairman | ||||
Adam Fraser-Harris– Interim CEO | ||||
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Northland Capital Partners Limited | Tel: + 44 20 7796 8800 | |||
Luke Cairns / Rod Venables (Nominated Adviser) | ||||
Katie Shelton (Joint Broker) | ||||
XCAP Securities | Tel: + 44 207 101 7070 | |||
Jon Bellis / Karen Kelly (Joint Broker) | ||||
Bishopsgate Communications | Tel: + 44 20 7562 3350 | |||