TIDMMIRA
RNS Number : 0659U
Mirada PLC
15 December 2011
15 December 2011
mirada plc ("mirada" or "the Company")
(AIM: MIRA)
Placing and capitalisation of certain liabilities
mirada plc, the AIM-quoted audiovisual interaction specialist,
is pleased to announce, the completion of an equity placing and a
capitalisaton of certain creditor balances totalling, in aggregate,
GBP1,066,794. The placing,which was assisted by Rivington Street
Corporate Finance, raised gross proceeds of GBP842,517 by the issue
of 8,425,172 new ordinary shares of 1p each at a placing price of
10 pence ("the Placing"). In addition, certain creditors have
agreed to capitalise, in aggregate, GBP224,277 into 2,242,766 new
ordinary shares of 1p each, credited as fully paid at 10 pence per
share (the "Capitalisation") (together "the Transaction").
The Transaction will help strengthen the Company's balance sheet
with the net funds raised from the Placing to be used for working
capital purposes, for ongoing investment in product development and
to help fund mirada's expansion into overseas markets.
Under AIM Rule 13 the participation in the Placing by Richard
Alden (Non-Executive Chairman) and Francis Coles (Non-Executive
Director), who are subscribing 314,187 new ordinary shares and
263,873 new ordinary shares respectively, are related party
transactions for the purposes of the AIM Rules. Jose Luis Vazquez
and Rafael Martin Sanz consider, having consulted with Seymour
Pierce Limited, that the terms of Richard Alden and Francis Coles
participations in the Placing are fair and reasonable insofar as
the Shareholders are concerned.
Under AIM Rule 13 the participation in the Capitalisaton by Jose
Luis Vazquez (Chief Executive officer), who is subscribing 942,766
new ordinary shares, is a related party transaction for the
purposes of the AIM Rules. Rafael Martin Sanz, Javier Casanueva,
Javier Herrero and Carlos Vizcayno consider, having consulted with
Seymour Pierce Limited, that the terms of Jose Luis Vazquez's
participation in the Capitalisation is fair and reasonable insofar
as the Shareholders are concerned.
Following the Placing and the Capitalisation, Richard Alden,
Francis Coles and Jose Luis Vazquez will have an interest in the
following ordinary shares in the Company:
Number of Number of Percentage
Transaction shares following of enlarged
Shares Transaction issued share
capital of
Company
Richard Alden 314,187 457,346 1.43%
Francis Coles 263,873 388,873 1.22%
Jose Luis Vazquez 942,766 2,123,008 6.64%
As part of the Placing, Naropa Cartera S.L.U. ("Naropa") and
Baring Iberia II Inversion En Capital F.C.R. ("Baring") subscribed
for new ordinary shares and have an interest in the following
ordinary shares in the Company:
Number of Number of Percentage
Placing shares following of enlarged
Shares Placing issued share
capital of
Company
Naropa* 3,733,878 7,552,467 23.62%
Baring 2,241,500 5,738,088 17.95%
* Naropa is a wholly-owned subsidiary of Naropa Capital S.L., a
company controlled by the Fernandez Fermoselle family. The
Fernandez Fermoselle family also has a shareholding in Kasei 2000
S.L. which has an interest in 4,799,259 mirada ordinary shares. In
aggregate, following the Transaction, the Fernandez Fermoselle
family has an interest in 12,351,726 mirada ordinary shares
representing approximately 38.63% of the enlarged issued share
capital of mirada.
Javier Herrero (Non-Executive Director) and Carlos Vizcayno
(Non-Executive Director) represent the interests of Naropa. Javier
Casanueva (Non-Executive Director) is a partner of Baring. Under
AIM Rule 13 the participation in the Placing by Naropa and Baring,
who are subscribing for 3,733,878 new ordinary shares and 2,241,500
new ordinary shares respectively, are related party transactions
for the purposes of the AIM Rules. Jose Luis Vazquez and Rafael
Martin Sanz consider, having consulted with Seymour Pierce Limited,
that the terms of Naropa and Baring's participation in the Placing
is fair and reasonable insofar as the shareholders are
concerned.
Application has been made to the London Stock Exchange for
admission of the 10,667,938 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 21 December
2011.
For the purposes of the Disclosure and Transparency Rules,
mirada's total issued share capital following the issue of the
10,667,938 new ordinary shares consists of 31,973,423 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.
Enquiries:
mirada plc +44 (0) 207 549
Jose Luis Vazquez, CEO 5678
Seymour Pierce Limited
Mark Percy (Corporate Finance) +44 (0) 207 107
David Banks (Corporate Broking) 8000
Rivington Street Corporate Finance (Joint
Broker) +44 (0) 207 562
Jon Levinson 3351
Bishopsgate Communications
Deepali Schneider, Natalie Quinn +44 (0) 207 562
mirada@bishopsgatecommunications.com 3350
About mirada
mirada creates and manages services for digital TV platforms and
broadcasters 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, Video on Demand, digital marketing and payment
services. Its products and services have been deployed by some of
the biggest names in digital media and broadcasting including Sky,
Virgin Media, BBC, ITV, France Telecom and Telefonica.
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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