Last checked at 16 Oct 2015 17:07
For immediate release 16 October 2015
Rightster PLC
("Rightster" or the "Company")
Rule 2.10 Announcement
In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, Rightster Plc (LSE AIM: RSTR), the digital video distribution and monetisation network, confirms that it has 367,616,752 ordinary shares of 0.1 pence each in issue and admitted to trading on AIM, as at 16 October 2015. The Company currently holds no ordinary shares in Treasury. The International Securities Identification Number (ISIN) reference for Rightster's ordinary shares is GB00BF8HJ774.
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Enquiries:
For further information please contact:
Rightster Group plc | via Newgate |
Patrick Walker (CEO)/ Niall Dore (CFO) |
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Raine Advisors Limited | Tel: 020 3695 8605 |
Zahra Hassan |
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Cenkos Securities plc | Tel: 020 7397 8900 |
Max Hartley / Mark Connelly |
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Newgate |
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Tim Thompson/ Adam Lloyd / Robyn McConnachie | Tel: 020 7653 9850 |
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About Rightster Group plc
Founded in 2011, Rightster is already the number one global multi-platform network for digital video. Rightster's cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster's network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.
About Raine Advisors Limited
Raine Advisors Limited, an appointed representative of Sapia Partners LLP, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for the Company and no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for providing advice in relation to the matters referred to in this announcement.
Dealing disclosure requirements of the Code
Under Rule 8.3(a) of the The City Code on Takeovers and Mergers (the "Code"), any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.
Publication of this announcement
A copy of this announcement will be available, subject to certain restrictions relating to persons resident in restricted jurisdictions, at http://corp.rightster.com/investors-news, by no later than 18:00 (London time) on 16 October 2015.
The content of the websites referred to in this announcement are not incorporated into and do not form part of this announcement.