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9 May 2011 08:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
For immediate release
9 May 2011
ACQUISITION (the "Acquisition")
OF
BURST MEDIA CORPORATION ("Burst")
BY
BLINKX PLC ("blinkx")
Suspension of Trading in Burst Shares
Effective from 7.30 a.m. (BST) today, 9 May 2011, the admission to trading on AIM of Burst Shares has been suspended pending completion of the Acquisition ("Completion") which is expected to take place in the US later today.
On Completion, Burst will become a wholly owned subsidiary of blinkx and trading in Burst Shares will remain suspended until the cancellation of the admission to trading of the Burst Shares, which is expected to become effective at 7.00 a.m. (BST) on 12 May 2011.
If Completion does not occur the suspension will be lifted.
All definitions contained in this announcement will have the same meaning as defined in the joint announcement made by blinkx and Burst released on 8 April 2011.
Enquiries:
blinkx plc
Suranga Chandratillake, Chief Executive Officer +1 415 655 1450
Jonathan Spira, Chief Financial Officer
Burst Media Corporation
Jarvis Coffin, Chief Executive Officer +1 781 852 5271
Steve Hill, Chief Financial Officer
Canaccord Genuity Limited (Financial Adviser to blinkx)
Rory O'Sullivan +44 20 7050 6500Christopher Fincken
Citigroup Global Markets Ltd (NOMAD and Broker to blinkx)
Charles Lytle +44 20 7986 4000
Christopher Wren
Altium (Financial Adviser and NOMAD to Burst)
Tim Richardson +44 20 7484 4040
Paul Chamberlain
Financial Dynamics (PR Adviser to blinkx)
Edward Bridges +44 20 7831 3113
Charles Palmer
Haya Herbert-Burns
Hudson Sandler (PR Adviser to Burst)
Nick Lyon +44 20 7796 4133
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