This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of
This Announcement contains inside information for the purposes of Article 14 of the
(“MediaZest”, the “Company”, or the “Group”)
Placing to raise £215,000
Details of the Placing
-- MediaZest has raised £215,000 (before expenses), via the Placing of
358,334,950 Placing Shares each at the Issue Price to both new and
existing investors.
-- The net proceeds of the Placing will be used for general working capital
purposes, as the Company builds upon recent progress of new client wins
and project roll outs.
-- The Board is delighted to welcome Dr Graham Cooley as a new significant
shareholder in the Company. Dr Cooley has subscribed for 166,666,650
Placing Shares, equating to 8.11% of MediaZest’s issued share capital,
as enlarged by the Placing.
“This Placing will allow the Group to focus on further growth, underpinned by our recent new client wins and project roll outs. We would like to thank our long-term shareholders and our new significant cornerstone investor for their support. Financial Year 2026 has begun strongly, and we look forward to providing further updates with our Full Year results expected to be released later this month.”
Related Party Transaction
Admission to trading on AIM and Total Voting Rights
The Fundraise is conditional on the admission of the Placing Shares to trading on AIM (“Admission”). Application has been made to the
The Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares.
Following Admission, the Company's total issued share capital will comprise of 2,054,760,724 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 2,054,760,724. This figure may be used by shareholders in the Company 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 share capital of the Company following Admission.
The Placing was undertaken by the Company's joint broker
For further information please contact:
MediaZest Plc
www.mediazest.com
Geoff Robertson , Chief Executive Officer via Walbrook PR
SP Angel Corporate Finance LLP (Nomad) Tel: +44 (0)20 3470 0470
David Hignell / Adam Cowl Hybridan LLP (Corporate Broker) Tel: +44 (0)20 3764 2341
Claire Louise Noyce Oberon Capital (Corporate Broker) Tel: +44 (0)20 3179 5300
Nick Lovering / Adam Pollock
Walbrook PR (Media & Investor Relations) Tel: +44 (0)20 7933 8780 or
mediazest@walbrookpr.comPaul McManus / Lianne Applegarth Mob: +44 (0)7980 541 893 / +44 (0)7584
391 303 /
Alice Woodings
+44 (0)7407 804 654
About
MediaZest’s new AIM rule 26 investor site is now available to view on the Company website here: https://www.mediazest.com/about/investor-relations/
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