16 Nov 2020 14:40
Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this Announcement, this information is now considered to be in the public domain.
16 November 2020
Bidstack Group Plc
("Bidstack" or "the Company")
Exercise of 500,205 Warrants, Issue of Equity and Total Voting Rights
Bidstack Group plc (AIM: BIDS.L), the native in-game advertising group, hereby announces that on 14 November 2020, the Company received a subscription notice exercising 500,205 warrants to subscribe for new ordinary shares in the Company at a subscription price of 5 pence per share ("New Shares").
Application will be made for the admission of the 500,205 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 20 November 2020. On admission the New Shares will rank pari passu in all respects with the Company's existing ordinary shares.
Total Voting Rights
Following admission of the New Shares, the total issued share capital of the Company will consist of 388,374,057 ordinary shares. As such the total number of voting rights in the Company will be 388,374,057 ordinary shares. This number 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, the Company under the FCA's Disclosure and Transparency Rules.
-Ends-
Contacts
Bidstack Group PLC James Draper, CEO |
via Buchanan |
SPARK Advisory Partners Limited (Nomad) Mark Brady / Neil Baldwin / James Keeshan |
+44 (0) 203 368 3550 |
Stifel Nicholas Europe Limited (Broker) Fred Walsh / Luisa Orsini Baroni |
+44 (0) 20 7710 7600 |
Buchanan Communications Limited Chris Lane / Stephanie Watson / Kim van Beeck bidstack@buchanan.uk.com |
+44 (0) 20 7466 5000 |
Notes to editors
About Bidstack
Bidstack is an advertising technology company which provides dynamic, targeted and automated native in-game advertising for the global video games industry across multiple platforms. Its proprietary technology is capable of inserting adverts into natural advertising space within video games. Bidstack's customers are games publishers and developers (on the supply side), and advertising agencies, brands and programmatic advertising platforms (on the demand side).
Bidstack contracts exclusive access to the native in-game advertising spaces within video games from their developers or publishers and sells that advertising space either directly to specific brands and their agencies or through programmatic advertising platforms.