Issue of Equity
Media Corporation PLC
MEDIA CORPORATION PLC
(“Media Corp†or the “Groupâ€)
Issue of Equity
The Board of the Media Corp announce that it has today issued 1,750,000 new ordinary shares of 1 pence each following the exercise of warrants by three former employees.
The new ordinary shares will rank pari passu with existing ordinary shares. Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Trading in these ordinary shares will commence on or around 24 November 2009.
Following the issue of equity, the enlarged issued share capital of the Company comprises 267,083,661 ordinary shares of 1 pence each with total warrants outstanding of 25,500,000.
Further information can be found on the company's website, at www.mediacorpplc.com or by contacting:
Media Corporation plc |
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Justin Drummond – CEO | ||||||||||||||||||||||
Nilesh Jagatia – Finance Director | ||||||||||||||||||||||
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Astaire Securities plc |
Tel: +44 20 7448 4400 | |||||||||||||||||||||
Aaron Smyth / Jo Turner | ||||||||||||||||||||||
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Bishopsgate Communications |
Tel: + 44 20 7562 3350 | |||||||||||||||||||||
Robyn Samuelson/Gemma O'Hara | ||||||||||||||||||||||
Notes to editors:
Listed on the AIM market of the London Stock Exchange, Media Corp is a leading internet media and advertising group focused on website publishing and online advertising.
The Group has two principal divisions:
Advertising Network - Formed in 1996, Eyeconomy specialises in mass reach campaigns to over 30 Million unique consumers per month via its own proprietary ad-serving and tracking technology for clients including AOL, Dell and American Express.
Website Publishing - Media Corp has a diverse publishing division specialising in online media. The impressive portfolio of websites includes a number of market leading sites such as www.purplelounge.com www.gambling.com, www.onthebox.com, www.sport.co.uk, www.creditcardexpert.co.uk and www.flightcomparison.co.uk.