31st Mar 2014 09:00
31 March 2014
Digital Globe Services, Ltd. (the "Company" or "DGS")
Holdings in Company
Digital Globe Services, Ltd. (AIM: DGS), a leading provider of online customer acquisition solutions for large, consumer-facing organisations, received notification on Friday 28 March, 2014, that its major shareholder, The Resource Group International ("TRGI"), had sold a total of 1,175,000 common shares in the Company at a price of 200 pence each, through the Company's broker, N+1 Singer.
Following the disposal, TRGI has a beneficial interest in 11,829,195 common shares in DGS, representing 39.53% of the Company's issued share capital.
The disposal was conducted in accordance with the orderly market arrangement entered into by N+1 Singer, TRGI and the Directors at the time of the DGS IPO in February 2013, the provisions of which remain in effect until February 2015.
For further information please contact:
Digital Globe Services, Ltd. | www.dgsworld.com |
Jeff Cox, CEO | +1 303 736 2105 |
Sandra Rodger, CFO | |
N+1 Singer | |
Shaun Dobson / Aubrey Powell / Matt Thomas | +44 20 7496 3000 |
Newgate Threadneedle | +44 20 7653 9850 |
Hilary Millar / Caroline Forde / Josh Royston / Jasper Randall | |
Overview of DGS
Founded in 2008 with offices in London, Bermuda, Netherlands, USA and Ireland, DGS is a specialist provider of outsourced online customer acquisition solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, integrated websites and contact centre support, receiving a fee for each customer acquired for its clients.
DGS is seeking to establish itself as the leading international provider of outsourced online customer acquisition services, through its focus on having the premier technology platform for pricing and procuring paid search advertising on a cost effective basis. Paid search refers to the auction process for key search terms that search providers run and in which prospective advertisers, or their agents, compete in order to have their advertising or search results displayed.
By using its optimising technology platform, dgSMART, and its experience of website management, efficient contact centre operations and other process expertise, DGS is able to bid appropriately and cost effectively for search terms in order to achieve conversion rates that deliver profitable, high quality customers to its clients.
DGS employs over 600 staff in Europe, North America and Asia. The Company currently has over 30 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500. In 2012, DGS commenced operations in Canada and Mexico and, in February 2013, its shares were admitted to trading on AIM, raising additional funds in order to support further growth opportunities in Latin America, Europe and Asia Pacific. In November 2013 DGS acquired the education business unit of a San Francisco based online customer acquisition company and began serving educational institutions via a sector focused business unit, DGS Edu. DGS has also recently started providing its customer acquisition services to the home automation and renewable energy sector, and is examining additional opportunities in the insurance, retail banking, utility and consumer technology sectors.
Related Shares:
DGS.L