Placing and further subscription of loan notes (7310A)
07 Fevereiro 2011 - 5:00AM
UK Regulatory
TIDMMIRA
RNS Number : 7310A
Mirada PLC
07 February 2011
7 February 2011
mirada plc ("mirada" or "the Company")
(AIM: MIRA)
Placing and further subscription of loan notes
mirada plc, the AIM-quoted audiovisual interaction specialist,
is pleased to announce that it has conditionally placed with
Richard Alden, Non-Executive Chairman, Francis Coles, Non-Executive
Director and other investors 1,335,000 new ordinary shares of 1p
each ("Placing Shares") at a placing price of 20p ("the Placing"),
raising gross proceeds of GBP267 000. In addition, certain
outstanding creditors of, in aggregate, GBP33 000, are to be
converted into 165,000 new ordinary shares of 1p each, credited as
fully paid at 20 pence per share ("the Capitalisation").
Further to the announcement on 23 March 2010, the Company has
issued a further GBP200,000 of loan notes, at par value, under the
terms of the existing Secured Convertible Loan facility. The terms
of the existing Secured Convertible Loan facility remain as set out
in the announcement of 23 March 2010.
The net funds raised from the Placing, the Capitalisation and
the additional subscription of loan notes under the terms of the
existing Secured Convertible Loan facility will be used for working
capital purposes and continued investment in product
development.
Following the Placing, Richard Alden and Francis Coles will have
an interest in the following ordinary shares in the Company:
Percentage of
Number of enlarged issued
Number of shares following share capital
Placing Shares Placing of Company
Richard Alden 125,000 125,000 0.59%
Francis Coles 125,000 125,000 0.59%
Application has been made to the London Stock Exchange for
admission of the 1,500,000 new ordinary shares to be issued
pursuant to the Placing and the Capitalisation to be admitted to
trading on AIM. Admission is expected to occur on 9 February
2011.
For the purposes of the Disclosure and Transparency Rules,
mirada's total issued share capital following the issue of the
1,500,000 new ordinary shares consists of 21,305,485 ordinary
shares of 1 penny each.
The above figure 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, mirada, under the Disclosure and Transparency Rules.
Under AIM Rule 13 the participation in the Placing by Richard
Alden and Francis Coles (who are subscribing 125,000 Placing Shares
and 125,000 Placing Shares respectively) are related party
transactions for the purposes of the AIM Rules. Jose Luis Vazquez,
Rafael Martin Sanz, Javier Casanueva, Francisco Javier Herrero and
Carlos Vizcayno consider, having consulted with Seymour Pierce
Limited, that the terms of that transaction (being those Directors'
participations in the Placing) are fair and reasonable insofar as
the Shareholders are concerned.
As part of the Placing, t1ps Smaller Companies Growth Fund
subscribed for 910,000 Placing Shares and has informed the Company
that they now have an interest in 910,000 ordinary shares in the
Company representing approximately 4.27 per cent. of the enlarged
issued ordinary share capital of the Company.
Enquiries:
mirada plc +44 (0) 207 608
Jose Luis Vazquez, CEO 4370
Seymour Pierce Limited +44 (0) 207 107
Mark Percy (Corporate Finance) 8000
David Banks (Corporate Broking)
Rivington Street Corporate Finance (Joint +44 (0) 207 562
Broker) 3351
Jon Levinson
Bishopsgate Communications +44 (0) 207 562
Duncan McCormick, Deepali Schneider, 3350
Natalie Quinn
mirada@bishopsgatecommunications.com
About mirada
mirada creates and manages services which enable consumers to
interact with and purchase digital content on television, mobile,
online and bespoke devices. mirada's products and solutions are
used worldwide to deliver interactive TV, VOD, multi-player gaming,
digital marketing and payment services. Its products and services
have been deployed by some of the biggest names in digital media
and broadcasting including Disney International TV, Sky, ITV and
MTV Networks. Headquartered in London, mirada has commercial
offices across Europe and Latin America and operates technical
centres in the UK and Spain. For more information, visit
www.mirada.tv.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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