Issue of Equity

RNS Number : 5773F

Amino Technologies PLC

15 July 2019

 

15 July 2019

Amino Technologies plc

("Amino" or "the Company" or "the Group")

Issue of Equity

Further to the announcement released this morning regarding the completion of the acquisition of 24i Media (the "Acquisition"), Amino Technologies plc (LSE AIM: AMO), the technology provider for modern TV experiences, confirms that application has been made for 3,197,180 ordinary shares of 1 pence each ("Ordinary Shares") to be admitted to trading on AIM. These Ordinary Shares are being issued to the vendors of 24i Media as part of the initial consideration relating to the Acquisition.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 16 July 2019. On Admission the Company's issued share capital will comprise 78,069,571 Ordinary Shares, of which 2,039,647 are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 76,029,924. This figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Amino Technologies PLC	[phone]
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Broker)	[phone]
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance) Tim Redfern / Richard Chambers (ECM)
FTI Consulting LLP (Financial PR)	[phone]
Jamie Ricketts / Alex Le May / Chris Birt

About Amino Technologies plc

Amino is a global leader in media and entertainment technology solutions and an IPTV pioneer, working with over 250 operators in 100-plus countries. Drawing on more than 20 years' experience delivering IP/cloud innovation, Amino enables operators to meet the challenges they face as broadcast TV and online video moves to an all-IP future with managed over-the-top (OTT) offerings. We are expert in software, hardware and cloud implementation - able to deploy our own leading-edge technologies and integrate these with third-party and 'upcycled' legacy systems. At the forefront of the evolution of TV Everywhere, Amino helps operators to provide the features and functionality modern consumers are looking for in a multiscreen, multi-device entertainment world.

Having deployed over 10 million customer premise devices and the software necessary to link the back end to the user interface, we understand the issues operators face. We partner with operators to deliver end-to-end, operator-ready solutions that enable next-generation customer experiences. We 'upcycle' existing infrastructure to support more advanced services and integrate seamlessly with new technologies to form a unified ecosystem. The result is a fresh consumer offering based on a consistent user experience across all screens, building brand reputation, stemming churn, growing subscribers and increasing average revenue per user (ARPU).

Amino Communications is a wholly-owned subsidiary of Amino Technologies PLC and listed on the London Stock Exchange Alternative Investment Market (AIM: symbol AMO), with headquarters in Cambridge, United Kingdom, and global offices in California, Finland, Hong Kong and Portugal. For more details, visit www.Aminocom.com

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

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