6th Mar 2015 07:00
6 March 2015
DDD Group plc
Statement re share price movement and financing progress
DDD Group plc (AIM: DDD; OTCQX: DDDGY; "DDD" or the "Company") notes the recent fall in the share price and confirms that further to the announcement made on 10 February 2015 stating that the Company was considering a range of options to strengthen its balance sheet, the Company expects that agreement will be reached imminently for the issue of approximately £350,000 of Convertible Unsecured Loan Notes and an additional equity placing of up to 28,500,000 new ordinary shares of 1 pence each at a price of 2 pence per share.
Discussions are concluding with the participants however there can be no certainty that an agreement will be reached or to the final terms of the financing.
The Company expects that a successful conclusion of this financing transaction will provide sufficient working capital until at least the end of the year on the basis of continued demand for its 3D technologies together with a modest level of uptake of licenses for its recently announced 2D products, which are currently being evaluated by prospective customers.
Further updates will be provided in due course.
Enquiries
DDD Group Chris Yewdall, President & CEO Victoria Stull, CFO
| +1 310 566 3340 |
Peel Hunt LLP (UK Nomad/Broker) Richard Kauffer / Euan Brown
| +44 (0)207 418 8900 |
Blytheweigh (UK IR) Tim Blythe / Alex Shilov / Andrea Benton
| +44 (0)207 138 3204 |
Berns & Berns (US PAL) Michael Berns, esq. | +1 212 332 3320 |
About DDD
DDD transforms the visual experience. Its advanced imaging and TriDef® solutions are licensed by leading brands for use in TVs, tablets and PCs. Over 51 million 3D products have been shipped by DDD's licensees worldwide. DDD's shares are quoted on the London Stock Exchange's AIM Market (AIM: DDD) and the OTCQX (DDDGY). For more information please visit www.ddd.com.
Related Shares:
DDD.L