14 Jul 2014 07:00
For immediate release
14 July 2014
Minds + Machines Group Limited
("MMX", the "Company" or "Group")
Issue of Equity
Minds + Machines Group Limited (AIM:MMX), the publicly quoted owner and operator of Internet top-level domains, has today issued 738,299 new ordinary shares to Antony Van Couvering and made a payment of US$138,062 in respect of the cancellation of options held by him over in aggregate 9,626,347 ordinary shares. As set out in the Admission Document, Antony Van Couvering held options to subscribe for 2,626,347 new ordinary shares at an exercise price of 4p and 7,000,000 new ordinary shares at an exercise price of 9p, which he had been restricted from exercising at each time of relevant expiry as the Company was then in a close period. The new ordinary shares together with the cash payment is equal to the net value of the options in aggregate, based on a fair market price of 11p per ordinary share, less the aggregate subscription amount payable had the options been exercised. Antony Van Couvering is now interested in 898,674 ordinary shares representing 0.11 per cent. of the issued share capital of the Company. The new ordinary shares will rank pari passu with the existing ordinary shares and application will be made for the new ordinary shares to be admitted to trading on AIM which is expected to occur on Friday 18 July 2014.
Further Information:
Minds + Machines Group Limited
North America
Antony Van Couvering Tel: +1 310 452 1491
Beaumont Cornish Limited (Nomad) Tel: +44(0)20 7628 3396
Roland Cornish / Michael Cornish
N+1 Singer (Broker)
Shaun Dobson/Ben Wright Tel: +44 (0)20 7496 3000
gth media relations
Toby Hall Tel: +44(0)20 7822 7493
For further information, please go to www.mindsandmachines.com/investors
About Minds + Machines Group Limited
Minds + Machines Group Limited is a publicly traded operating company listed on the AIM market of the London Stock Exchange focused on the new generic top-level domain ('New gTLD') space. Top-level domains, such as .com and .net, are regulated by ICANN. ICANN is currently expanding the number of new generic top-level domains from the current 23 to over 1000 through its 'New gTLD program'. The Group is one of the leading applicants for, and owner and/or operator of, New gTLDs under this programme.
About Minds + Machines' Registry and Registrar operations
Minds + Machines' registry operations are delivered by its wholly owned registry services providers: Minds + Machines Limited (Ireland), which works internationally with commercial organisations, cities, not-for-profits and entrepreneurs to operate New gTLDs; and Minds and Machines Limited (UK), which partners with the official promotional organization for London, London & Partners, to operate the .london New gTLD. In addition, the Group wholly owns Minds + Machines Registrar Limited (Ireland) and Minds and Machines Registrar UK Limited, each an ICANN accredited registrar. Further information on Minds + Machines' registry and registrar operations can be found at www.mm-registry.comand www.mindsandmachines.com, respectively.