We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Mirriad Advertising Plc | LSE:MIRI | London | Ordinary Share | GB00BF52QY14 | ORD GBP0.00001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.025 | -1.35% | 1.825 | 1.75 | 1.90 | 1.85 | 1.825 | 1.85 | 1,589,458 | 08:20:17 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Advertising Agencies | 1.51M | -15.1M | -0.0309 | -0.59 | 8.91M |
From Apr 2019 to Apr 2024
TIDMMIRI
RNS Number : 7539I
Mirriad Advertising PLC
15 December 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
15 December 2020
Mirriad Advertising plc
Result of General Meeting and Open Offer
Mirriad Advertising plc ("Mirriad" or the "Company"), the computer vision, technology and AI platform company, published and posted a shareholder circular on 27 November 2020 (the "Circular"), including a notice of general meeting ("General Meeting") in connection with the proposed Placing and Open Offer.
The Company is pleased to announce that at the General Meeting held earlier today at 11.00 a.m. (UK) all Resolutions were duly passed on a show of hands. The proxy votes received from Shareholders on each Resolution were as follows:
Hot Features
Premium
For Against Withheld
Ordinary Resolution Votes % Votes %
-------------- -------- --------- ------- ---------
To authorise the
directors to allot
ordinary shares 139,649,359 100 0 0 3,785
-------------- -------- --------- ------- ---------
Special Resolution
-------------- -------- --------- ------- ---------
To disapply Section
561 of the Companies
Act 2006 139,631,095 99.98 18,264 0.01 3,785
-------------- -------- --------- ------- ---------
The number of Ordinary Shares in issue on 15 December 2020 was 213,361,826. Shareholders were entitled to one vote per share.
Accordingly, the Placing and the Open Offer are expected to complete, conditional on each Admission, at 8.00 a.m. on 16 December 2020 (or such later time and/or date as Canaccord Genuity and Baden Hill may agree, but in any event by no later than 8.00 a.m. on 30 December 2020) for the EIS/VCT Placing Shares and at 8.00 a.m. on 17 December 2020 for the General Placing Shares and the Open Offer Shares (or such later time and/or date as Canaccord Genuity and Baden Hill may agree, but in any event by no later than 8.00 a.m. on 31 December 2020).
Result of the Open Offer
The Open Offer closed for acceptances at 11:00 a.m. on 14 December 2020 in accordance with its terms and was oversubscribed. The Company has received valid acceptances and excess applications from Qualifying Shareholders in respect of all the available Open Offer Shares pursuant to the terms of the Open Offer.
As a consequence, the Company has raised gross proceeds of approximately GBP3 million through the Open Offer and approximately GBP26 million (before expenses) in aggregate through the Fundraising.
This announcement should be read in conjunction with the full text of the Circular and capitalised terms used but not otherwise defined in this announcement bear the meanings ascribed to them in the Circular.
Issue of Equity, Admissions and Total Voting Rights
Applications have been made to the London Stock Exchange for the 65,220,065 New Ordinary Shares to be admitted to trading on AIM. This comprises of 6,350,000 EIS/ VCT Placing Shares, which are expected to be admitted to trading at 8.00 a.m. on 16 December 2020, and 51,250,000 General Placing Shares and 7,620,065 Open Offer Shares. which are together expected to be admitted to trading at 8.00 a.m. on 17 December 2020. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following the General Admission on 17 December 2020 , the issued share capital of the Company will consist of 278,581,891 Ordinary Shares, with one voting right each. The Company does not hold any shares in treasury. Therefore, the figure of 278,581,891 Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Interests of the Concert Party
Following the result of the Open Offer, the interests of each of the members of the Concert Party in the issued ordinary share capital of the Company and the existence of which is known to, or could with reasonable due diligence be ascertained by, any Director following General Admission are as follows:
Percentage
Number of of existing Percentage
Existing issued Ordinary of Share
Ordinary share Shares (following Capital (following
Shares capital General Admission) General Admission)
IP2IPO Portfolio L.P.
(acting by its general
partner IP2IPO Portfolio(GP)
Limited)(1) 34,493,301 16.17 34,493,301 12.38
Parkwalk Advisors Ltd 31,814,133 14.91 35,977,908 12.91
Dr Mark Alexander Reilly(2) 66,666 0.03 66,666 0.02
Alastair Hugh Lowell
Kilgour(3) 566,668 0.27 591,668 0.21
Total 66,940,768 31.37 71,129,543 25.53
1. Includes 99,731 Ordinary Shares held by four directors of IP Group plc and one director of IP2IPO Portfolio (GP) Limited.
2. Of which 33,333 Ordinary Shares are held indirectly. 3. Held indirectly.
Canaccord Genuity acted as Nominated Adviser, Sole Broker and Bookrunner in relation to the Placing, with Baden Hill acting as Co-manager.
The person responsible for the release of this announcement on behalf of the Company is David Dorans, Chief Financial Officer
For further information please visit www.mirriadplc.com or contact:
Mirriad Advertising plc.
Stephan Beringer, Chief Executive Tel: +44 (0)207 884 2530 Officer David Dorans, Chief Financial Officer
Nominated Adviser, Sole Broker & Bookrunner: Canaccord Genuity Limited
Simon Bridges Tel: +44 (0)20 7523 8000 Richard Andrews Thomas Diehl
Co-manager: Baden Hill (a trading name of Northland Capital Partners Limited)
Craig Fraser Tel: +44 (0)207 903 7004 Matthew Wakefield Tel: +44 (0)207 903 7003
Financial Communications: Charlotte Street Partners
Tom Gillingham Tel: +44 (0) 7741 659021 Katie Stanton Tel: +44 (0) 7789 204508
About Mirriad
Mirriad's award-winning solution unleashes new revenue for content producers and distributors by creating new advertising inventory in content. Our patented, AI and computer vision technology dynamically inserts products and innovative signage formats after content is produced. Mirriad's market-first solution seamlessly integrates with existing subscription and advertising models, and dramatically improves the viewer experience by limiting commercial interruptions.
Mirriad currently operates in the US, Europe and China.
The notifications below are made in accordance with the requirements of the Market Abuse Regulation (596/2014).
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephan Beringer
------------------------ ----------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position / status Chief Executive Officer (PDMR)
------------------------ ----------------------------------------
b) Initial notification Initial
/ amendment
------------------------ ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------
a) Name Mirriad Advertising plc
------------------------ ----------------------------------------
b) LEI 213800ZKOK9GIME7HE62
------------------------ ----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.00001 each
the financial ISIN: GB00BF52QY14
instrument, type
of instrument
Identification
code
------------------------ ----------------------------------------
b) Nature of the Purchase of 25,000 Ordinary Shares, via
transaction the Placing
------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 40p 25,000
==========
------------------------ ----------------------------------------
d) Aggregated information
- Aggregated 25,000
volume
- Price 40p
Total: GBP10,000
------------------------ ----------------------------------------
e) Date of the transaction 15 December 2020
------------------------ ----------------------------------------
f) Place of the London Stock Exchange, AIM Market
transaction
------------------------ ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Pearson
------------------------ ----------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position / status Non-executive Chairman (PDMR)
------------------------ ----------------------------------------
b) Initial notification Initial
/ amendment
------------------------ ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------
a) Name Mirriad Advertising plc
------------------------ ----------------------------------------
b) LEI 213800ZKOK9GIME7HE62
------------------------ ----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.00001 each
the financial ISIN: GB00BF52QY14
instrument, type
of instrument
Identification
code
------------------------ ----------------------------------------
b) Nature of the Purchase of 25,000 Ordinary Shares, via
transaction the Placing
------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 40p 25,000
==========
------------------------ ----------------------------------------
d) Aggregated information
- Aggregated 25,000
volume
- Price 40p
Total: GBP10,000
------------------------ ----------------------------------------
e) Date of the transaction 15 December 2020
------------------------ ----------------------------------------
f) Place of the London Stock Exchange, AIM Market
transaction
------------------------ ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Bob Head
------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position / status Independent Non-Executive Director (PDMR)
------------------------ ------------------------------------------
b) Initial notification Initial
/ amendment
------------------------ ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Mirriad Advertising plc
------------------------ ------------------------------------------
b) LEI 213800ZKOK9GIME7HE62
------------------------ ------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
--------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.00001 each
the financial ISIN: GB00BF52QY14
instrument, type
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Purchase of 50,000 Ordinary Shares, via
transaction the Placing
------------------------ ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 40p 50,000
==========
------------------------ ------------------------------------------
d) Aggregated information
- Aggregated 50,000
volume
- Price 40p
Total: GBP20,000
------------------------ ------------------------------------------
e) Date of the transaction 15 December 2020
------------------------ ------------------------------------------
f) Place of the London Stock Exchange, AIM Market
transaction
------------------------ ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Dorans
------------------------ ---------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position / status Chief Financial Officer (PDMR)
------------------------ ---------------------------------------
b) Initial notification Initial
/ amendment
------------------------ ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------
a) Name Mirriad Advertising plc
------------------------ ---------------------------------------
b) LEI 213800ZKOK9GIME7HE62
------------------------ ---------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-----------------------------------------------------------------
a) Description of Ordinary shares of GBP0.00001 each
the financial ISIN: GB00BF52QY14
instrument, type
of instrument
Identification
code
------------------------ ---------------------------------------
b) Nature of the Purchase of 2,500 Ordinary Shares, via
transaction the Placing
------------------------ ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 40p 2,500
==========
------------------------ ---------------------------------------
d) Aggregated information
- Aggregated 2,500
volume
- Price 40p
Total: GBP1000
------------------------ ---------------------------------------
e) Date of the transaction 15 December 2020
------------------------ ---------------------------------------
f) Place of the London Stock Exchange, AIM Market
transaction
------------------------ ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alastair Hugh Lowell Kilgour
------------------------ ----------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position / status Non-Executive Director (PDMR)
------------------------ ----------------------------------------
b) Initial notification Initial
/ amendment
------------------------ ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------
a) Name Mirriad Advertising plc
------------------------ ----------------------------------------
b) LEI 213800ZKOK9GIME7HE62
------------------------ ----------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.00001 each
the financial ISIN: GB00BF52QY14
instrument, type
of instrument
Identification
code
------------------------ ----------------------------------------
b) Nature of the Purchase of 25,000 Ordinary Shares, via
transaction the Placing
------------------------ ----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 40p 25,000
==========
------------------------ ----------------------------------------
d) Aggregated information
- Aggregated 25,000
volume
- Price 40p
Total: GBP10,000
------------------------ ----------------------------------------
e) Date of the transaction 15 December 2020
------------------------ ----------------------------------------
f) Place of the London Stock Exchange, AIM Market
transaction
------------------------ ----------------------------------------
ENDS
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
ROMEALASFSSEFFA
(END) Dow Jones Newswires
December 15, 2020 09:56 ET (14:56 GMT)
1 Year Mirriad Advertising Chart |
1 Month Mirriad Advertising Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
