Dianomi PLC Banking Facilities Update (7326S)
13 Março 2023 - 5:50AM
UK Regulatory
TIDMDNM
RNS Number : 7326S
Dianomi PLC
13 March 2023
13 March 2023
Dianomi plc
("Dianomi", the "Company" or the "Group")
Banking Facilities Update
Dianomi, a leading provider of native digital advertising
services to premium clients in the Business, Finance and Lifestyle
sectors, provides a further update with respect to its banking
facilities with SVB Financial Group ("SVB") and Silicon Valley Bank
UK Limited ('SVBUK').
After receiving a recommendation from the boards of the Federal
Deposit Insurance Corporation ("FDIC") and the Federal Reserve,
Secretary of Treasury of the U.S. Government Janet Yellen approved
actions enabling the FDIC to complete its resolution of SVB, in a
manner that fully protects all depositors. Dianomi will therefore
have access to all its funds in SVB, amounting to GBP0.9 million,
as from today.
Furthermore, the The Bank of England ("Bank"), in consultation
with the Prudential Regulation Authority ("PRA"), HM Treasury
("HMT") and the Financial Conduct Authority ("FCA"), has taken the
decision to sell SVBUK to HSBC UK Bank Plc ("HSBC"). HSBC is
authorised and supervised by the PRA and the FCA. The Bank and HMT
have confirmed that all depositors' money with SVBUK is safe and
secure as a result of this transaction. SVBUK's business will
continue to be operated normally by SVBUK. Dianomi holds funds
totalling GBP2.9 million with SVBUK.
As a result, Dianomi's financial position has not been affected
by the collapse of SVB or SVBUK and its total cash balances are
unchanged at circa GBP9.6 million, with no debt.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. It forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018.
Upon the publication of this announcement, this inside information
is now considered to be in the public domain.
For further information contact:
Dianomi Tel: +44 (0)207 802
Rupert Hodson (Chief Executive Officer) 5530
Charlotte Stranner (Chief Financial Officer)
Panmure Gordon (NOMAD and Broker) Tel: +44 (0)207 886
Emma Earl/ Freddy Crossley, Corporate Finance 2500
Rupert Dearden, Corporate Broking
Novella Communications Tel: +44 (0)203 151
Tim Robertson / Safia Colebrook 7008
About Dianomi
Dianomi, established in 2003, is a leading provider of native
digital advertising services to premium clients in the Business,
Finance and Lifestyle sectors. The Group operates from its offices
in London, New York and Sydney. The Group enables premium brands to
deliver native advertisements to a targeted audience on the desktop
and mobile websites, mobile and tablet applications of premium
publishers. It provides over 400 advertisers, including blue chip
names such as abrdn, Invesco and Charles Schwab, with access to an
international audience of over 500 million devices per month
through its partnerships with over 300 premium publishers,
including blue chip names such as Reuters, CNN Business and WSJ.
Adverts served are contextually relevant to the content of the
webpages on which they appear and mirror the style of the page,
which enhances reader engagement. http://www.dianom i.com .
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END
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March 13, 2023 04:50 ET (08:50 GMT)
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