Last checked at 4 Oct 2011 15:54
ZOO Digital Group plc
("ZOO" or "The Company")
PURCHASE OF SHARES ON BEHALF OF THE EMPLOYEE SHARE TRUST
The Company announces that the ZOO Employee Share Trust Limited (the "ZEST") has today purchased 58,150 ordinary shares of ZOO at a price of 31 pence per share (less commissions) from departing employees. ZEST is a wholly-owned subsidiary of ZOO whose purpose is to hold shares in ZOO for the benefit of the employees of the Group.
As the relevant ordinary shares were already held by ZEST on behalf of these departing employees, the overall interest of ZEST in 381,105 ordinary shares (representing 1.17% of ZOO's total voting rights) remains unchanged. ZEST is now the beneficial owner of 96,339 of these shares, the balance being held in trust by ZEST on behalf of employees.
ZOO Digital Group plc | 0114 241 3700 |
Stuart Green - Chief Executive Officer |
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Helen Gilder - Group Finance Director
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FinnCap | 020 7220 0500 |
Marc Young / Henrik Persson (corporate finance) Tom Jenkins / Joanna Weaving (corporate broking)
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Threadneedle Communications | 020 7653 9850 |
Josh Royston / Terry Garrett / Hilary Millar |
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Notes to Editors:
About ZOO Digital Group plc
ZOO Digital Group plc provides software and related services that support the authoring, re-purposing and distribution of creative media. ZOO's products form an integrated suite of web-based and desktop applications for audio/visual content and printed materials, adapting these media for different languages, formats and delivery mechanisms.
By centralising editorial and approval processes via secure web-based platforms, ZOO's proprietary patented software helps customers to increase their speed of production, reduce costs and protect their brand integrity. ZOO's services enable quicker and more cost effective processes across a wide range of applications and formats, including packaging, printed materials, DVD, Blu-ray Disc, video on demand, electronic sell-through, broadcast, music and electronic books.
The Group's largest customers include major Hollywood studios, for which the production, marketing and distribution of titles in numerous formats across many geographies and languages has previously been a lengthy, costly and largely manual process. Increasingly the Group's software is benefiting a variety of companies across sectors where the development of media products, printing, packaging and marketing involves complex processes in multiple countries and languages, particularly where brand integrity is of core importance.