Mediazest Regulatory News (MDZ)

MediaZest Plc ("MediaZest", the "Company" or "Group"; AIM: MDZ) Director/PDMR shareholding MediaZest, the creative digital out-of-home advertising company, announcedearlier today that it was proposing to raise up to £358,000 before expensesthrough a conditional placing of up to 143,200,000 new ordinary shares (the"Placing Shares") with institutional and other investors at a price of 0.25pper Placing Share ("the Placing Price") (the "Placing") and that it hadreceived irrevocable commitments from new and existing shareholders tosubscribe for 136,800,000 Placing Shares and expressions of interest tosubscribe on the same terms from Lance O'Neill, the Company's Chairman, inrespect of a further 2,000,000 Placing Shares and from two directors of theCompany's subsidiary company in respect of an aggregate of a further 4,400,000Placing Shares. The Company is now pleased to announce that Messrs O'Neill, Ofield and Findjanhave conditionally subscribed in the Placing for an aggregate of 6,400,000Placing Shares, as set out below, at the Placing Price. In aggregate, the Company has therefore conditionally raised £358,000 beforeexpenses through a conditional placing of 143,200,000 Placing Shares at a priceof 0.25p per Placing Share. The 143,200,000 new ordinary shares to be issued pursuant to the Placing willbe credited as fully paid and will rank pari passu in all respects with theexisting ordinary shares, including the right to receive all dividends andother distributions declared on or after the date on which they are issued. Application will be made for admission of the 143,200,000 new ordinary sharesto trading on AIM ("Admission") and, subject to the requisite shareholderapproval for the Placing being obtained at the General Meeting to be held on 5July 2013, it is expected that Admission will be effective on or around 8.00 amon 8 July 2013. Director's and subsidiary company directors' participation in the Placing Lance O'Neill, the Company's Chairman, and Jim Ofield and Nick Findjan (bothdirectors of the Company's subsidiary company) are participating in the Placingat the Placing Price: Number of Amount Number of Percentage of Placing Shares subscribed shares held on enlarged issued Admission share capital on £ Admission Lance O'Neill 2,000,000 5,000 24,643,177* 3.97 Jim Ofield 2,400,000 6,000 6,900,000 1.11 Nick Findjan 2,000,000 5,000 2,000,000 0.32 * includes the interest of Hilary O'Neill, the wife of Lance O'Neill. Related party transaction The participation in the Placing by Lance O'Neill is deemed to be a relatedparty transaction under the AIM Rules. The Directors of the Company, other thanLance O'Neill, consider, having consulted with Northland Capital PartnersLimited, the Company's Nominated Adviser, that the terms of the participationin the Placing by Lance O'Neill are fair and reasonable so far as theshareholders of the Company are concerned. Total voting rights Following Admission, the Company's total issued share capital will comprise of619,992,227 ordinary shares. The Company does not hold any ordinary shares intreasury. Therefore the total number of shares with voting rights in theCompany will be 619,992,227. This figure may be used by shareholders in theCompany as the denominator for the calculations by which they will determine ifthey are required to notify their interest in, or a change to their interestin, the share capital of the Company following Admission. Enquiries: Geoff RobertsonChief Executive OfficerMediaZest Plc 020 7724 5680 Gavin Burnell / Edward HuttonNominated AdviserNorthland Capital Partners Limited 020 7796 8800 Claire Noyce / William LynneBrokerHybridan LLP 020 7947 4350 Notes to Editors: About MediaZest MediaZest is a creative media agency that specialises in providing innovativeout-of-home marketing solutions to leading retailers, brand owners andcorporations, but also works in the public sector in both the NHS and Educationmarkets. The Group supplies an integrated service from content creation andsystem design to installation, technical support and maintenance. MediaZest wasadmitted to the London Stock Exchange's AIM market in February 2005. For moreinformation, please visit www.mediazest.com