29th Oct 2008 07:00
Media Corporation plc
("Media Corp" or"the Company")
Issue of Warrants
The Company has today issued 32,250,000 warrants to subscribe for Ordinary Shares of 1p each ("Warrants") at a price of 0.875 pence (being the mid-market price of the Shares on the 28th October 2008). These Warrants have been issued to certain Directors and Senior Management who have surrendered all of their previously existing options and warrants over ordinary shares of the Company.
When exercised in total the Warrants would represent approximately 9.8 % of enlarged issued share capital. They have been issued to ensure the Directors and Senior Management continue to be incentivised towards further progress in the development of the Company and the achievement of shareholder value accretive milestones.
Directors
|
Name |
Position |
Number of Warrants granted |
|
Jason Drummond |
Director - Media Corporation plc |
6,000,000 |
|
Justin Drummond |
Director - Media Corporation plc |
15,000,000 |
|
Mike Hawkes |
Director - Media Corporation plc |
750,000 |
|
Nilesh Jagatia |
Director - Media Corporation plc |
2,500,000 |
Senior Management
|
Name |
Position |
Number of Warrants granted |
|
Christian Sellars |
Head of Sales - Eyeconomy Limited |
250,000 |
|
Dominic Joseph |
Senior sales executive - Eyeconomy Limited |
250,000 |
|
James McBriar |
Managing Director - Search Focus Limited |
500,000 |
|
Mark Butt |
Joint Managing Director - Eyeconomy Limited |
1,000,000 |
|
Paul Smith |
Joint Managing Director - Eyeconomy Limited |
2,500,000 |
|
Sara Vincent |
Managing Director - Publishing - Xworks Limited |
1,250,000 |
|
Simon Jasinski |
Senior Sales Executive - Eyeconomy Limited |
250,000 |
For further information please contact:
Media Corporation plc
Justin Drummond, Chief Executive
Nilesh Jagatia, Group Finance Director + 44 020 7618 9000
www.mediacorpplc.com
Daniel Stewart & Company plc
Simon Leathers Tel: + 44 0 20 7776 6550
www.danielstewart.co.uk
Notes to editors:
Listed on the AIM market of the London Stock Exchange, Media Corp is a leading internet media and advertising group focused on website publishing and online advertising.
The Group has two principal divisions:
Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to over 32 million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.
www.eyeconomy.co.uk
Website Publishing - Media Corp has a diverse publishing division specializing in online media. Our impressive portfolio of websites includes a number of market leading sites including www.gambling.com, www.onthebox.com, www.sport.co.uk, www.creditcardexpert.co.uk and
www.flightcomparison.co.uk .
Related Shares:
MDC.L