Proposed Capital Reduction & Notice of GM
18/10/2024 14:00
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RNS Number : 8082I Digitalbox PLC 18 October 2024
18 October 2024
Digitalbox plc
("Digitalbox" or the "Company" or the "Group")
Proposed Capital Reduction & Notice of General Meeting
Digitalbox plc, the mobile-first digital media business, announces that it has
posted a circular (the "Circular") to shareholders, incorporating a notice of
a general meeting (the "General Meeting"), regarding a proposed Capital
Reduction. The Circular will shortly be made available on the Company's
website and contains further details about the proposed Capital Reduction and
General Meeting.
On 2 October 2024, the Company announced that it intended to reduce its share
premium account to put the Company in a position where it would have positive
distributable reserves ("Capital Reduction"). The Capital Reduction requires
the approval of shareholders through the passing of a special resolution at
the General Meeting and confirmation by the Court.
The General Meeting that will be held at Jubilee House, 92 Lincoln Road,
Peterborough, PE1 2SN on 15 November 2024 at 8.00 a.m., to consider the
resolution regarding the proposed Capital Reduction that will be put to
shareholders to approve.
Enquiries:
Digitalbox c/o SEC Newgate
James Carter, CEO
Panmure Liberum (Nominated Adviser & Joint Broker) Tel: 020 7886 2500
James Sinclair-Ford / Dougie McLeod
Rupert Dearden / Rauf Munir
Tel: 07786150915
Leander Capital Partners (Joint Broker)
Alex Davies
SEC Newgate (Financial PR) Tel: 07540 106 366
Robin Tozer / Molly Gretton digitalbox@secnewgate.co.uk
About Digitalbox plc
Based in the UK, Digitalbox is a 'pure-play' digital media business with the
aim of profitable publishing at scale on mobile platforms.
Digitalbox operates the following trading brands, "Entertainment Daily", "The
Daily Mash", "The Tab", "The Poke" and TV Guide". 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. The Poke expertly curates and editorialises the funniest content
from around the web and social media. TV Guide serves as the definitive guide
to what is on TV.
Digitalbox primarily 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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