28 November 2024
Digitalbox
plc
("Digitalbox" or the "Company" or the "Group")
CFO designate appointment and
Strategic Review update
Digitalbox
plc (AIM: DBOX), the mobile-first digital media business, which owns leading
websites, including Entertainment Daily, The Daily Mash, The Tab,
The Poke, TV Guide and Emmerdale Insider, has appointed Richard Spilsbury as Chief Finance Officer and
Company Secretary, and provides an update on the Strategic Review
process, announced on 4 October 2024.
CFO Appointment
Richard Spilsbury has been appointed
designate Chief Finance Officer and Company Secretary starting on 1
January 2025. It is intended that Richard will also join the Board
as a Director at 1 January 2025, subject to satisfactory completion
of due diligence by the Company's Nominated Adviser (pursuant to
the AIM Rules for Companies and AIM Rules for Nominated
Advisers). A further announcement, including the requisite
Schedule 2(g) disclosures required under the AIM Rules for
Companies, will be made in due course upon Richard's appointment to
the Board.
Richard will replace David Joseph
who tendered his resignation in October. David will depart the
Company and the board on December 31st but will remain
on hand until 31st March 2025 to ensure an orderly
handover.
Richard brings significant experience working within a listed company,
from his time at Future plc where he spent 14
years to 2014, including roles as Finance Director and Group
Corporate Development Director. Subsequent to his time at Future,
among other roles, he was Corporate Development Director at Play
Sports Group, which was focussed on sports digital video and
marketing, and was acquired by Discovery Inc in 2019. He is Founder
and currently CEO of corporate development advisory and corporate
finance firm, Link Stone Advisory.
Strategic Review Update
The Strategic Review has progressed
to a 'root and branch' appraisal of the existing business and the
opportunities within it. Richard Spilsbury and Link Stone Advisory
have been retained to support the executive in delivering the
review to ensure the underlying business is not disrupted during
the all important Q4 period. Richard will also continue to work
with the Non-Executive Directors to conclude the review in the new
year.
James Carter, CEO, Digitalbox,
said: "Richard brings a wealth of
experience to the business, and will help us from both a financial
perspective and also contribute to our thinking around strategy.
We are looking forward to working with him."
Enquiries:
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Digitalbox
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c/o SEC Newgate
|
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James Carter, CEO
|
|
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Panmure Liberum (Nominated Adviser & Joint
Broker)
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Tel: 020 7886 2500
|
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James Sinclair-Ford
Rupert Dearden
Dougie McLeod
Rauf Munir
|
|
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Leander Capital Partners (Joint
Broker)
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Tel: 07786150915
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Alex Davies
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SEC
Newgate (Financial PR)
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Tel: 07540 106 366
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Robin Tozer / Molly
Gretton
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digitalbox@secnewgate.co.uk
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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", "TV Guide" and "Emmerdale Insider". 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. Emmerdale Insider
charts the twists and turns of this ever present British soap
staple.
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.
