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RETV Responzetv

24.50
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Responzetv LSE:RETV London Ordinary Share GB00B18X8Z87 ORD 16P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Completion of Placing

26/09/2007 8:00am

UK Regulatory


RNS Number:4932E
ResponzeTV PLC
25 September 2007


                         ResponzeTV PLC ("the Company")


      Completion of Placing, Conversion of Loans and Listing of New Shares


Further to the announcement made on 11 September 2007, the Company today
announces that it has completed the placing of an aggregate of 7,401,770 new
ordinary shares of 16p par value ("Ordinary Shares") at a price of 30p per new
Ordinary Share, to raise an aggregate amount of US$4,500,000 and has issued
unlisted warrants to subscribe for an aggregate 7,401,770 further new Ordinary
Shares at a price of 37p per share.


In addition, the Company announces that MediaXposure Limited (Cayman) has
assigned US$560,000 of its convertible loans to new Asian-based individuals and
that, pursuant to the authority granted by shareholders at the EGM on 29
December 2006, such loans have been converted into 1,316,051 new Ordinary Shares
at an issue price of 21p per share. The assignees have also been issued unlisted
warrants to subscribe for an aggregate 1,316,051 further new Ordinary Shares at
a price of 37p per share.

As the placing has been completed earlier than the final date previously agreed,
the Company has agreed with the placees and the assignees of the loans for the
above terms to be altered by either the Company or the placees if, prior to 5
October 2007, the Company issues or agrees to issue any shares or other
securities to third party investors on terms which are (taken as a whole) more
advantageous to the third party investors than the terms of the placing.

Following the issue of the aggregate 8,717,821 new Ordinary Shares described
above, the issued ordinary share capital of the Company amounts to 84,654,638
Ordinary Shares. The interests of each of Kevin Harrington and Tim Harrington,
amounting to 9,080,368 and 9,080,367 Ordinary Shares respectively, each now
represent 10.7 per cent. of the total issued share capital of the Company, being
an aggregate combined interest of 18,160,735 Ordinary Shares, representing an
aggregate 21.5 per cent. of the total issued share capital of the Company.
MediaXposure Limited (Cayman)'s interest of 50,136,655 Ordinary Shares now
represents 59.2 per cent. of the total issued share capital of the Company.
Following the placing, GPL Corp Ltd has an interest in 4,112,034 Ordinary
Shares, representing 4.9 per cent. of the total issued share capital of the
Company.


Application has been made for the 8,717,821 new Ordinary Shares to be admitted
to trading on the London Stock Exchange's AIM market for listed securities
("Admission"). Admission is expected to become effective on 2 October 2007.


26 September 2007


For further enquiries contact:

Steven Goodman,
Executive Chairman, ResponzeTV PLC
Tel: +61 400 83 5555

Bobbie Hilliam,
Evolution Securities Limited
Tel: +44 207 071 4300






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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