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Director dealing

26th Sep 2014 07:00

RNS Number : 6752S
SyQic PLC
26 September 2014
 



 

26 September 2014

SyQic plc

("SyQic" or the "Group" or the "Company")

 

Director dealing

 

The Directors of SyQic, (AIM:SYQ), the fast growing OTT provider of paid video content across mobile and internet enabled consumer devices, announces that it has received notification that on 25 September 2014 David Cotterell, Non-Executive Director, purchased 15,000 ordinary shares of no par value ("Ordinary Shares") in SyQic at a price of 66 pence per share.

 

Following this transaction, David Cotterell holds 115,000 Ordinary Shares in SyQic representing 0.43 per cent. of the current issued share capital of the Company.

 

 

For further information:

SyQic plc

Jamal Hassim, Group Chief Executive Officer

Tel: +44 (0) 20 7933 8780

Steve Elliff, Chief Financial Officer

www.syqic.com

 

Allenby Capital Limited

Alex Price / Jeremy Porter

Tel: +44 (0) 20 3328 5656

[email protected]

www.allenbycapital.com

 

Walbrook, Financial PR and IR

Bob Huxford / Guy McDougall / Sam Allen

Tel: +44 (0) 20 7933 8792

[email protected]

 

Notes to Editors:

 

SyQic is a fast growing OTT (Over The Top) provider of live TV and on-demand paid video content across mobile internet-enabled consumer electronics devices such as mobile phones and tablets through its "Yoonic" platform. Yoonic utilises efficient mobile video streaming as its core offering and allows for close to high definition streaming, utilising adaptive bit-rate streaming technology that matches the available bandwidth through the Group's proprietary encoding methodology, and can stream as low as 80kbps.

 

The Group has access to over 40,000 hours of online video-on-demand content as well as over 200 live television feeds comprising English and International video content as well as content for a number of 'home markets.' The content is delivered through SyQic's platforms via a number of channels in the movies, drama, music, sports, news, lifestyle and general entertainment genres.

 

The Group, which is incorporated in Jersey and headquartered in the UK, already has a significant service footprint in the Philippines, Indonesia and Malaysia. The Group has recently launched international OTT services for the Bangladeshi and Filipino communities in the UK, Malaysia, and Singapore and these services will soon be launched in other regions. Other migrant content launches are planned in the near term.

 

 

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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