Completion of Acquisition and Total Voting Rights

RNS Number : 8016R

Digitalbox PLC

05 March 2019

 

5 March 2019

Digitalbox plc

("the Company")

Completion of acquisition of Daily Mash

Total Voting Rights

Digitalbox plc (AIM: DBOX), the digital media business, has completed the acquisition of Mashed Productions Limited ("MP"), which owns the online satirical news website "The Daily Mash".

1,428,571 new ordinary shares have been issued as part of the consideration for the MP acquisition and will be admitted on trading on AIM today.

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following admission of these consideration shares, its issued share capital will comprise 90,251,726 Ordinary Shares of £0.01 each and 386,907,464 Deferred Shares of £0.0499 each and 112,176,000 New Deferred Shares of £0.01 each.

All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 90,251,726. This 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 share capital of the Company under the Disclosure and Transparency Rules.

James Carter, CEO, Digitalbox plc, said: "The acquisition of the Daily Mash is the first step in our plan to create significant value for shareholders. Our aim is to build a market-leading, mobile-first digital business through a buy and build strategy. The success of Entertainment Daily means we have a platform through which we can drive traffic and advertising revenue. It means we can add new titles like the Daily Mash to the platform and quickly improve their performance. We have a pipeline of opportunities in the digital publishing space with plans to add to our portfolio in the near future."

Enquiries:

Digitalbox	Tel: [phone]
James Carter, CEO
WH Ireland (Nomad)	Tel: [phone]
Mike Coe / Chris Savidge
Leander Capital (Broker)	Tel: [phone]
Alex Davies / Hugh Kingsmill Moore
Newgate Communications (Financial PR)	Tel: [phone]; [e-mail]
Robin Tozer / Fiona Norman

About Digitalbox plc

Based in Bath, UK, Digitalbox is a 'pure-play' digital media business with the aim of enabling profitable publishing at scale on mobile platforms. The company's operating model has been developed and refined since publishing operations began in December 2015

Through its current trading brand "Entertainment Daily", Digitalbox produces and publishes online UK entertainment news covering TV shows, showbiz and celebrity news. Digitalbox generates revenue from the sale of advertising in and around the content it publishes.

Entertainment Daily has c. 2.2 million unique users per month, with 13 million monthly UK sessions. The Company's optimisation for mobile enables it to achieve revenues per session significantly ahead of market norms for mobile publishers.

 

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