Vision Media Group International | News
13 March 2008 Issue of Equity and Fundraising
Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that application has been made to AIM for the issue and allotment of a total of 17,536,870 new Ordinary Shares at 10 pence per share.
16,974,833 new Ordinary Shares are being issued, further to the announcement of 23 January 2008, regarding deferred consideration in respect of the completion of the acquisition of Screen Media Networks Limited and the successful completion of the closing of the ten year Clear Channel Outdoor UK agreement.
A further 562,037 new Ordinary Shares are being issued for the payment of fees.
All 17,536,870 new Ordinary Shares will be admitted to trading on AIM on 14 March 2008.
The Group is also finalising the successful completion of raising approximately £800,000 via a placing to existing institutional and other shareholders at 10 pence per share. Further details regarding this placing will be announced on 14 March 2008 and the balance of the fundraising, as previously announced on 6 December 2007, will be announced in due course.
Following this notification, the total number of shares in issue will stand at 59,762,822.
For further information:
| Vision Media Group (International) plc | |
| Dominic Brookman, CEO | Tel: +44 (0) 203 206 0001 |
| dominicb@visionmediagroupplc.com | www.visionmediagroupplc.com |
| Seymour Pierce Limited | |
| Stuart Lane / John Depasquale, Corporate Finance | Tel: +44 (0) 20 7107 8000 |
| stuartlane@seymourpierce.com | www.seymourpierce.com |
| Media enquiries: | |
| Abchurch | |
| Henry Harrison-Topham / Gareth Mead | Tel: +44 (0) 20 7398 7710 |
| gareth.mead@abchurch-group.com | www.abchurch-group.com |