Last checked at 27 Nov 2015 07:00
27th November 2015
Rightster Group plc
("Rightster" or the "Group" or the "Company)
Strategic review update and end of Offer Period
On 17 November 2015, Rightster announced a number of changes to the board, supported by the major shareholders, including the appointment of a new Chairman, CEO and COO. In light of their evolving plans for the business, the board has made the decision to conclude the strategic review process and focus on seeking further investment in the Company.
Accordingly, the Company is no longer in an offer period under the Takeover Code.
Ashley MacKenzie, CEO, commented:
"I am pleased to report that, since joining as CEO, I've been greatly encouraged by the Company's excellent people, strong client base and opportunities available to leverage the current technical platform. The market opportunity in this sector remains huge and, as we develop a leaner and more efficient commercial direction to the business, we expect it to become increasingly attractive to strategic investors."
For further information please contact:
Rightster Group plc
Ashley MacKenzie, CEO Via Newgate
Niall Dore, CFO
Westhouse Securities Limited 020 7601 6100
Robert Finlay / Richard Johnson / Edward Thomas
Newgate 0207 653 9850
Tim Thompson/ Adam Lloyd / Robyn McConnachie
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.