Extension of Auction

RNS Number : 3479Y

Amino Technologies PLC

12 May 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

AMINO TECHNOLOGIES PLC

("Amino", the "Company" or the "Group")

Extension of Auction

Amino Technologies plc (LSE AIM: AMO), a software-led global media technology company that delivers modern TV experiences, announces that the auction process in relation to the sale of the trade and certain of the assets of MobiTV, Inc. and MobiTV Services Corporation (together "MobiTV"), has been extended and will now continue later today, 12 May 2021, re-commencing at 9am Pacific Time (5pm BST).

MobiTV is currently in a Chapter 11 bankruptcy process in the USA, pursuant to which Amino submitted a bid for the trade and assets of MobiTV to the United States Bankruptcy Court for the District of Delaware on 7 May 2021 (the "Possible Acquisition").

Further details of the results of the auction, the Possible Acquisition and the Placing (as referred to in Amino's announcement of 10 May 2021) will be announced once the outcome of the Auction is known.

For further information please contact:

Amino Technologies PLC	[phone]
Donald McGarva, Chief Executive Officer Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Broker)	[phone]
Matt Goode / Simon Hicks (Corporate Finance) Tim Redfern / Richard Chambers (Equity Capital Markets)
FTI Consulting (Financial communications)	[phone]
Matt Dixon / Emma Hall / Chris Birt / Gregory Hynes

About Amino Technologies plc

Amino Technologies plc is a software-led, global Media Technology company. We deliver modern TV experiences, the way viewers want them. We do this by creating the solutions that Pay-TV operators, broadcasters and content owners need to make it easy for people to connect to the TV and video they love.

Our end to end solutions offer the best of both worlds: video on demand and live TV.  By placing all TV and video streaming content in one place, Pay-TV operators, broadcasters and media owners can stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering modern TV and video experiences to consumers. 

Amino Technologies plc has two operating companies: 24i, which focusses on streaming video experiences and Amino, which connects Pay-TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Amino Technologies plc is listed on the London Stock Exchange's Alternative Investment Market (AIM: symbol AMO). Headquartered in Cambridge, UK, the company has over 300 staff located in offices in New York, Los Angeles, San Francisco, Amsterdam, Helsinki, Madrid, Porto, Brno and Hong Kong.

For more details, visit  www.aminotechnologies.com

 

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