Exercise of Warrants and PDMR Notification
18/02/2022 13:32
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RNS Number : 1737C Digitalbox PLC 18 February 2022
18 February 2022
Digitalbox plc
("Digitalbox" or the "Company")
Exercise of Warrants and PDMR Notification
Digitalbox plc (AIM: DBOX), the mobile-first digital media business, announces
that it has received notification of an exercise of warrants in a subsidiary
company which triggers an issue of 1,590,936 new ordinary shares of 1p each
in the capital of the Company ("Ordinary Shares") by way of consideration for
the exercise of warrants in that subsidiary. The effective exercise price of
the warrants was 2.28p per share. The current issued share capital for
Digitalbox plc is 116,332,457 Ordinary Shares.
The warrants have been exercised by Mr. Martin Higginson who is a
Non-Executive Director and considered to be a person discharging managerial
responsibilities for the purpose of the UK Market Abuse Regulation.
Admission & Total Voting Rights
Pursuant to the exercise of the warrants, application will be made for
1,590,936 new Ordinary Shares, which will rank pari passu with existing
Ordinary Shares, to be admitted to trading on AIM ('Admission'). It is
expected that Admission will become effective and dealings will commence at
8:00am 24 February 2022.
Following the exercise, the percentage holding of Mr Higginson will be as per
the table below:
Director and PDMR Digitalbox plc Ordinary Shares issued pursuant to Warrant Exercise in Beneficial Holding Following Admission Percentage of Ordinary Shares Following Admission
subsidiary
Martin Higginson 1,590,936 1,590,936 1.3%
For the purpose of the Disclosure and Transparency Rules, upon Admission the
enlarged issued share capital of the Company will comprise 117,923,393
Ordinary Shares. The Company does not hold any ordinary shares in treasury.
The above figure 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 Company, under the
Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them;
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Martin Higginson
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Digitalbox Plc
b) LEI 213800WAVVOPS85N2205
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 the financial instrument, type of instrument Ordinary Shares of £0.01 each
Identification code
GB00BJK9H642
b) Nature of the transaction Pursuant to the exercise of warrants in a subsidiary company
c) Price(s) and volume(s) No. of shares issued Exercise price
1,590,936 £0.0228
d) Aggregated information
- Aggregated volume
- Price 1,590,936
£36,273.34
e) Date of the transaction 16 February 2022
f) Place of the transaction Issuer allotment
d)
Aggregated information
- Aggregated volume
- Price
1,590,936
£36,273.34
e)
Date of the transaction
16 February 2022
f)
Place of the transaction
Issuer allotment
This announcement contains information which, prior to its disclosure, was
considered inside information for the purposes of the UK Market Abuse
Regulation and the Directors of the Company are responsible for the release of
this announcement.
END
Enquiries:
Digitalbox c/o SEC Newgate
James Carter, CEO
Panmure Gordon Tel: 020 7886 2500
(Nominated Adviser, Financial Adviser & Joint Broker)
Alina Vaskina / James Sinclair-Ford (Corporate Advisory)
Rupert Dearden (Corporate Broking)
Alvarium Capital Partners (Joint Broker) Tel: 020 7195 1400
Alex Davies / Hugh Kingsmill Moore
SEC Newgate (Financial PR) Tel: 020 3757 6880
Robin Tozer / Isabelle Smurfit digitalbox@secnewgate.co.uk
About Digitalbox plc
Based in Bath, UK, Digitalbox is a 'pure-play' digital media business with the
aim of profitable publishing at scale on mobile platforms.
Digitalbox operates three trading brands, "Entertainment Daily", "The Tab" and
"The Daily Mash". Entertainment Daily produces and publishes online UK
entertainment news covering TV, showbiz and celebrity news. The Daily Mash
produces and publishes satirical news content. The Tab is the UK's biggest
youth culture site fuelled by students.
Digitalbox generates revenue from the sale of advertising in and around the
content it publishes. The Group's optimisation for mobile enables it to
achieve revenues per session significantly ahead of market norms for
publishers on mobile.
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