Progressive Digital Media Group PLC Additional listing (1782C)
12 Avril 2013 - 8:00AM
UK Regulatory
TIDMPRO
RNS Number : 1782C
Progressive Digital Media Group PLC
12 April 2013
12 April 2013
Progressive Digital Media Group Plc
(the "Company")
Additional listing in connection with the proposed Consolidation
and Sub-Division
The Company announces that it has allotted (conditional upon
admission of such shares to trading on AIM) 314 ordinary shares of
0.01 pence each in the capital of the Company (the "New Ordinary
Shares") at a price of GBP0.32 per New Ordinary Share and has
applied for the New Ordinary Shares to be to be admitted to trading
on AIM. It is expected that admission will occur at 8.00 a.m. on 17
April 2013. On issue, the New Ordinary Shares will rank pari passu
with the existing ordinary shares of 0.01 pence each in the capital
of the Company.
The purpose of the allotment is to facilitate the proposed
Consolidation and Sub-Division of the Company's ordinary share
capital (further details of which are set out in the circular to
the shareholders of the Company dated 26 March 2013 (the
"Circular")) by ensuring that a whole number of Consolidated
Ordinary Shares arise on the proposed Consolidation (whereby every
1,000 Existing Ordinary Shares in issue on the Record Date are
proposed to be consolidated into one ordinary share of 10
pence).
Following admission, the Company will have 532,048,000 ordinary
shares of 0.01 pence each in issue (all of which have voting
rights), and this 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.
Terms used in this announcement have the meanings given to them
in the Circular (unless otherwise defined).
Enquiries:
Progressive Digital Media Group Plc 0207 936 6400
Mike Danson, Chairman
Simon Pyper, Group Managing Director
N+1 Singer 0207 496 3000
James Maxwell
Nick Donovan
Hudson Sandler 0207 796 4133
Nick Lyon
This information is provided by RNS
The company news service from the London Stock Exchange
END
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