18th Mar 2014 07:00
18 March 2014
Digital Globe Services, Ltd.
(the "Company" and together with its subsidiaries "DGS")
Issue of Shares
Reflecting the strong performance of the DGS Edu business, which was announced on 13 March 2014, the Company is pleased to report that it has issued an additional 126,178 depository interests over Common Shares of $0.001 each (the "Consideration Shares") to the vendor of the DGS Edu business, Ampush Media, LLC, in fulfilment of the second and final tranche of the share based consideration payable under the terms of the acquisition. The Consideration Shares are subject to a 90-day lock-up following the release of the shares to the sellers and a further orderly market arrangement. Application has been made for admission of these new securities to trading on AIM, which is expected to take place on 21 March 2014.
Following the issue of the Consideration Shares, the Company's issued share capital consists of 29,926,472 common shares with a nominal value of $0.001 each and each carrying one voting right (the 'Common Shares'). The figure of 29,926,472 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 FSA's Disclosure and Transparency Rules.
For further information please contact:
Digital Globe Services, Ltd. | www.dgsworld.com |
Jeff Cox, CEO | +1 303 736 2105 |
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 optimizing 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.
Related Shares:
DGS.L