10 July 2013
mirada plc ("mirada" or "the Company")
(AIM: MIRA)
Conversion of Loan
mirada plc, the AIM-quoted audiovisual interaction specialist, today announces
that it has received conversion notices totalling £315,000 in respect of its
secured 10% convertible loan (the "Convertible Loan").
Under the terms of the Convertible Loan, which was announced on 23 March 2010,
the conversion price is equal to a 20% discount to the average closing mid
market share price for the 10 business days preceding the date of the
conversion notice, subject to a minimum conversion price of 10 pence. The
£315,000 is therefore to be converted into 3,150,000 new ordinary shares of 1
penny each, credited as fully paid at 10 pence per share (the "Conversion").
Of the Conversion, Baring Iberia II Inversion en Capital, F.C.R ("Baring") will
be receiving 582,790 new ordinary shares. Javier Casanueva (Non-Executive
Chairman) is a partner of Baring. Following the Conversion, Baring will have an
interest in the following ordinary shares in the Company:
Number of Number of Percentage of
Conversion shares enlarged issued
Shares following share capital of
Conversion Company
Baring 582,790 10,686,855 19.4%
Following this conversion the outstanding balance owed in relation to the
Convertible Loan will equal £660,000.
Application has been made to the London Stock Exchange for admission of the
3,150,000 New Ordinary Shares to be issued pursuant to the Conversion to be
admitted to trading on AIM. Admission is expected to occur on 15 July 2013.
For the purposes of the Disclosure and Transparency Rules, mirada's total
issued share capital following the issue of the 3,150,000 New Ordinary Shares
consists of 55,077,793 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 5678
Jose Luis Vazquez, Chief Executive Officer
Bishopsgate Communications +44 (0) 207 562 3350
Nick Rome/Sam Allen/ Matt Low
mirada@bishopsgatecommunications.com
Cantor Fitzgerald Europe (Nominated Advisor & Broker) +44 (0) 207 894 7000
Mark Percy (Corporate Finance)
David Banks (Corporate Broking)
Peterhouse Corporate Finance (Joint Broker) +44 (0) 207 469 0937
Jon Levinson
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 Telefónica. 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.