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12 Apr 2013 07:00
12 April 2013
Progressive Digital Media Group Plc(the "Company")
Additional listing in connection with the proposed Consolidation and Sub-Division
The Company announces that it has allotted (conditional upon admission of such shares to trading on AIM) 314 ordinary shares of 0.01 pence each in the capital of the Company (the "New Ordinary Shares") at a price of £0.32 per New Ordinary Share and has applied for the New Ordinary Shares to be to be admitted to trading on AIM. It is expected that admission will occur at 8.00 a.m. on 17 April 2013. On issue, the New Ordinary Shares will rank pari passu with the existing ordinary shares of 0.01 pence each in the capital of the Company.
The purpose of the allotment is to facilitate the proposed Consolidation and Sub-Division of the Company's ordinary share capital (further details of which are set out in the circular to the shareholders of the Company dated 26 March 2013 (the "Circular")) by ensuring that a whole number of Consolidated Ordinary Shares arise on the proposed Consolidation (whereby every 1,000 Existing Ordinary Shares in issue on the Record Date are proposed to be consolidated into one ordinary share of 10 pence).
Following admission, the Company will have 532,048,000 ordinary shares of 0.01 pence each in issue (all of which have voting rights), and this 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, the Company under the Disclosure and Transparency Rules.
Terms used in this announcement have the meanings given to them in the Circular (unless otherwise defined).
Enquiries:
Progressive Digital Media Group Plc | 0207 936 6400 |
Mike Danson, Chairman | |
Simon Pyper, Group Managing Director
| |
N+1 Singer | 0207 496 3000 |
James Maxwell | |
Nick Donovan | |
Hudson Sandler | 0207 796 4133 |
Nick Lyon |
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