Last checked at 31 Mar 2010 07:00
ZOO Digital Group plc
("ZOO" or "The Group")
ZOO, the provider of software and software-led services for the filmed entertainment market, announces that Ian Stewart, a non-executive director of the Company, has today sold unsecured convertible loan stock of the Company with a face value of £270,000 for a total consideration of £199,800.
The loan stock was issued in September 2006 and has a maturity date of 31st October 2011, at which date the holder may convert the loan stock into Ordinary Shares at a price of 48.75p per share.
Mr Stewart still has an interest in 1,675,698 Ordinary Shares in the Company representing 7.84% of the total issued share capital.
Ian Stewart, Non-Executive Director of ZOO, commented: "There has been considerable demand for the loan stock and I believe that selling it is not only in my own personal interest, but also in the best interests of the Company to welcome new shareholders at such an exciting stage of development."
For further enquiries please contact:
ZOO Digital Group plc Tel: 0114 241 3700
Stuart Green - Chief Executive Officer
Helen Gilder - Group Finance Director
FinnCap Tel: 020 7600 1658
Marc Young
Henrik Persson
Threadneedle Communications Tel: 020 7653 9850
Graham Herring/Josh Royston
Notes to Editors
About ZOO Digital Group plc
About ZOO Digital Group plc:
ZOO Digital Group plc is a provider of creative media transformation software and related services. ZOO's products form an integrated suite of desktop applications and on-demand systems that work with printed materials and audio/visual content, adapting these media to different languages, sizes, and technical formats. ZOO makes this process extremely quick and cost effective and is clearly differentiated in the market.
ZOO's services are built on its proprietary patented software and enable customers to reduce considerably the costs and time to market of regionalized filmed entertainment titles and marketing campaigns across multiple territories and across a wide range of applications and formats, including printed materials, DVD, Blu-ray Disc, video on demand, electronic sell-through and broadcast. Working closely with language translation partners, ZOO's media adaptation software transforms computer-based workflows through radical process re-engineering and provides clear differentiation for the company's production, consulting and custom development services.
ZOO is focused on the worldwide creative media production markets and in particular video production for entertainment applications, with customers including major film studios and other producers and publishers of video-based consumer products.
Blu-ray is a trademark of the Blu-ray Disc Association.
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