12th Dec 2013 17:00
BLINKX PLC COMPLETES ACQUISITION OF RHYTHM NEWMEDIA INC.
Leading Premium Mobile Video Advertising and Technology Platform Enables Blinkx
to Expand into and Accelerate the Growth Of its Mobile Business
London, England and San Francisco, CA - 12 December 2013 - Further to the announcement on 03 December 2013, blinkx plc ("blinkx" or the "Company"), the Internet Media platform that connects audiences with brands through professionally generated content, announces that it has today completed the acquisition of Rhythm NewMedia Inc. on the terms stated in the initial announcement. All outstanding conditions have been satisfied, except for the admission of the initial consideration shares to trading on AIM.
Admission
Application has been made to the London Stock Exchange plc for admission to trading of the initial consideration shares on AIM, a market of the London Stock Exchange plc ("AIM") ("Admission"). It is expected that Admission of 8,719,064 new ordinary blinkx shares will become effective on 16 December 2013 and that dealings will commence at that time.
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital following the Admission will consist of 398,604,331 ordinary shares of 1p each with one voting right per share. There are no shares held 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.
For further information please contact:
Analyst and Investor Contact Ryan Klinefelter blinkx plc (US) 415 655 1450
| Financial Media Contacts Edward Bridges/Charles Palmer FTI Consulting (UK) 020 7831 3113 |
NOMAD and Joint Broker for blinkx plc Charles Lytle/Christopher Wren Citigroup Global Markets Ltd (UK) 020 7986 9756 | Joint Broker for blinkx plc Mark Lander/Nick Westlake Numis Securities Limited (UK) 020 7260 1000 |
About blinkx
Founded in 2004, blinkx (LSE AIM: BLNX) is an Internet media platform that connects digital consumers with advertisers through professionally generated content. blinkx pioneered Internet video search using its patented COncept Recognition Engine (CORE) technology that leverages speech, text and image analysis to deeply understand the content and context of videos. This results in improved search relevancy for consumers and a brand safe environment for advertisers. With a rapidly growing index of millions of hours of searchable video derived from over 1,100 media partnerships, blinkx powers video search on leading online properties including AOL and Lycos. blinkx continues to develop innovative approaches to distribute and monetize digital video content across personal computers, smartphones, tablets and connected TV through partnerships with leading brands such as Samsung, Sony and Roku. blinkx is headquartered in San Francisco, California with offices worldwide. For more information please visit www.blinkx.com.
Related Shares:
RTHM.L