29 Dec 2014 07:19
Issue of Equity
London, England and San Francisco, CA - 29 December 2014 - Further to the announcements on 03 December 2013 and 12 December 2013, regarding the acquisition of Rhythm NewMedia Inc (the "Acquisition") by blinkx plc ("blinkx" or the "Company"), blinkx announces that it has issued and allotted 511,197 new ordinary shares of 1 pence each in the Company in respect of deferred consideration in relation to the Acquisition. The effective value of the shares will be set at the time of admission.
Application has been made for these new ordinary shares to be admitted to trading on AIM. The new ordinary shares will rank pari passu in all respects with the Company's existing issued shares. Admission is expected to occur on or around 31 December 2014.
For further information please contact:
Analyst and Investor Contact Dan Slivjanovski blinkx plc
| Financial Media Contacts Edward Bridges/Charles Palmer FTI Consulting (UK) 020 3727 1000 |
NOMAD for blinkx plc Charles Lytle/ Christopher Wren Citigroup Global Markets Ltd (UK) 020 7986 9765
| Joint Broker for blinkx plc Lorna Tilbian/Mark Lander/Nick WestlakeNumis Securities Limited(UK) 020 7260 1000 |
About blinkx
blinkx (LSE AIM: BLNX) is an Internet media company that connects consumers and brands through premium content online. Founded in the UK in 2004, blinkx pioneered Internet Video Search using its patented COncept Recognition Engine (CORE). This technology leverages speech recognition, text and image analysis to deeply understand the meaning and context of video content to generate improved search relevancy for consumers and a brand safe environment for advertisers. Today, blinkx is a broad digital media technology, distribution and monetization platform that connects consumers, advertisers and content across four screens. Through its partnerships with hundreds of media companies, including ABC, NBC, Conde Nast, Reuters and Bloomberg, blinkx has indexed and search enabled millions of hours of video content. blinkx powers video search, discovery or monetization on thousands of online properties including Lycos, ABC, CBS and Fox Sports. blinkx is headquartered in San Francisco, California with 15 offices worldwide. For more information please visit www.blinkx.com.