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30 Apr 2012 07:00
30 April 2012
Progressive Digital Media Group plc
Completion of Placing and Capitalisation
Directors' Dealings
Progressive Digital Media Group plc ("PDMG" or the "Company") announces that pursuant to the Placing and Capitalisation, as announced on 5 April 2012, 111,111,111 new Ordinary Shares in respect of the Placing and 44,444,444 new Ordinary Shares in respect of the Capitalisation have been admitted to trading on AIM at 8.00 a.m. today ("Admission").
Following the Capitalisation and the Placing, Michael Danson's resultant interests in the Ordinary Shares of the Company are as follows:
Holding prior to Placing and Capitalisation (Ordinary Shares)
| % | Holding following the Placing and Capitalisation (Ordinary Shares)
| % | |
M Danson | 315,853,181 | 83.89 | 360,297,625 | 67.72 |
Following Admission, the Company's issued share capital consists of 532,047,686 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. Therefore, in accordance with the FSA's Disclosure and Transparency Rule 5.6.1, the Company confirms that the total number of voting rights in PDMG is 532,047,686.
Terms used in this announcement shall have the same meaning as set out in the Circular dated 5 April 2012.
For further information please contact:
Progressive Digital Media Group plc | 0207 936 6400 | |
Mike Danson, Chairman | ||
Mark Meek, CEO | ||
Singer Capital Markets Limited | 0203 205 7500 | |
James Maxwell | ||
Nick Donovan | ||
Hudson Sandler | 0207 796 4133 | |
Nick Lyon |
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