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Suspension Announcement

9th May 2011 08:00

RNS Number : 1655G
Burst Media Corporation
09 May 2011
 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

For immediate release

9 May 2011

ACQUISITION (the "Acquisition")

OF

BURST MEDIA CORPORATION ("Burst")

BY

BLINKX PLC ("blinkx")

 

Suspension of Trading in Burst Shares

Effective from 7.30 a.m. (BST) today, 9 May 2011, the admission to trading on AIM of Burst Shares has been suspended pending completion of the Acquisition ("Completion") which is expected to take place in the US later today.

On Completion, Burst will become a wholly owned subsidiary of blinkx and trading in Burst Shares will remain suspended until the cancellation of the admission to trading of the Burst Shares, which is expected to become effective at 7.00 a.m. (BST) on 12 May 2011.

If Completion does not occur the suspension will be lifted.

All definitions contained in this announcement will have the same meaning as defined in the joint announcement made by blinkx and Burst released on 8 April 2011.

Enquiries:

blinkx plc

Suranga Chandratillake, Chief Executive Officer +1 415 655 1450

Jonathan Spira, Chief Financial Officer

 

Burst Media Corporation

Jarvis Coffin, Chief Executive Officer +1 781 852 5271

Steve Hill, Chief Financial Officer

 

Canaccord Genuity Limited (Financial Adviser to blinkx)

Rory O'Sullivan +44 20 7050 6500Christopher Fincken

 

Citigroup Global Markets Ltd (NOMAD and Broker to blinkx)

Charles Lytle +44 20 7986 4000

Christopher Wren

 

Altium (Financial Adviser and NOMAD to Burst)

Tim Richardson +44 20 7484 4040

Paul Chamberlain

 

Financial Dynamics (PR Adviser to blinkx)

Edward Bridges +44 20 7831 3113

Charles Palmer

Haya Herbert-Burns

 

Hudson Sandler (PR Adviser to Burst)

Nick Lyon +44 20 7796 4133

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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