MIRA.L Regulatory News (MIRA)

26 February 2014 mirada plc ("mirada" or "the Company") (AIM: MIRA) Conversion of Loan mirada plc, the AIM-quoted audiovisual interaction specialist, announces thatit has received a notice from State Street Nominees Ltd ("State Street") forthe conversion of their remaining loan of £100,000 in respect of the £1,500,00010 per cent. Convertible Secured Loan Stock 2015 (the "Convertible Loan"). Itis noted that State Street's interest is controlled by Webb Capital AssetManagement Ltd ("Webb Capital"). Under the terms of the Convertible Loan, which was announced on 23 March 2010,the conversion price is equal to a 20% discount to the average closingmid-market share price for the 10 business days preceding the date of theconversion notice, subject to a minimum conversion price of 10 pence. The£100,000 is therefore to be converted into 1,000,000 new ordinary shares of 1penny each (the "Conversion Shares"), credited as fully paid at 10 pence pershare (the "Conversion"). Following the Conversion, Webb Capital will have the following interests in theordinary shares in the Company: Number of Percentage of shares enlarged issued share capital of Company Webb Capital 3,490,830 4.06% Following this conversion, the Company will have fully completed the repaymentof the Convertible Loan. Application has been made to the London Stock Exchangefor admission of the 1,000,000 Conversion Shares and Capitalisation Shares tobe admitted to trading on AIM. Admission is expected to occur on 3 March 2014. For the purposes of the Disclosure and Transparency Rules, mirada's totalissued share capital following the issue of the 1,000,000 New Ordinary Sharesconsists of 86,057,695 ordinary shares of 1 penny each. The above figure may be used by shareholders as the denominator for thecalculations by which they will determine if they are required to notify theirinterest in, or a change to their interest in, mirada, under the Disclosure andTransparency Rules. José Luis Vazquez, Chief Executive Officer of mirada, commented: "I am very glad to report the conversion of the outstanding balance of theConvertible Loan, which has been fully cancelled during the last year, andfurther demonstrates strong support from our shareholders to the future of theCompany." -END- Enquiries: mirada plc +44 (0) 207 549 5678Jose Luis Vazquez, Chief Executive Officer Bishopsgate Communications +44 (0) 207 107 1890Nick Rome/Sam Allenmirada@bishopsgatecommunications.com Cantor Fitzgerald Europe (Nominated Advisor & Broker) +44 (0) 207 894 7000Mark Percy (Corporate Finance)David Banks (Corporate Broking) Peterhouse Corporate Finance (Joint Broker) +44 (0) 207 469 0937Jon Levinson / Lucy Williams About mirada mirada creates and manages services for digital TV platforms and broadcasterswhich enable consumers to interact with and purchase digital content ontelevision, mobile, online and bespoke devices. mirada's products and solutionsare used worldwide to deliver interactive TV, Video on Demand, digitalmarketing and payment services. Its products and services have been deployed bysome of the biggest names in digital media and broadcasting including Sky,Virgin Media, BBC, ITV, France Telecom and Telefónica. Headquartered in London,mirada has commercial offices across Europe and Latin America and operatestechnical centres in the UK and Spain. For more information, visitwww.mirada.tv.