20th Aug 2012 16:12
20 August 2012
Media Corporation Plc
(the "Company")
Issue of Equity
Media Corporation, the AIM quoted digital advertising network and online gaming group, announces that 50,000,000 ordinary shares of 0.1p each have today been issued and allotted following an exercise of warrants by the Company's loan facility provider, further details of which were announced on 10 August 2012. The exercise provides the Company with a further £200,000, strengthening its working capital position.
Application will be made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Admission is expected to occur and dealings are expected to commence at 8.00am on 24 August 2012.
While the shareholdings of the Directors of Media Corporation (the "Directors") and their interests remain the same, following the issue of the new ordinary shares and as a result of the increase of shares in issue, the revised percentage holdings of the Directors are as follows:
Director |
| Total number of shares held |
| Percentage of issued share capital held |
Phil Jackson | 3,433,811 | 0.58 | ||
Adam Fraser-Harris | 3,433,811 | 0.58 | ||
Mark Butt | 3,000,000 | 0.51 | ||
John Palmer | 650,000 | 0.11 | ||
10,517,622 | 1.78 |
Following the issue of the new ordinary shares, the enlarged issued ordinary share capital of the Company is 592,806,853 ordinary shares of 0.1p each. This figure may be used by shareholders as the denominator for the calculation 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 FSA's Disclosure and Transparency Rules.
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Related Shares:
MDC.L