Business
First Day of Dealings
First Day of Dealings.
About this update from Brave Bison Group Plc
[{"type":"text","content":"\n \nRNS Number : 7536S Rightster Group PLC 12 November 2013 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SHARES IN THE CAPITAL OF THE COMPANY, NOR SHALL IT (OR ANY PART OF IT), OR THE FACT OF ITS DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH OR ACT AS ANY INDUCEMENT TO ENTER INTO, ANY CONTRACT OR COMMITMENT WHATSOEVER.\n \n12 November 2013\nRightster Group plc\n(\"Rightster\", the \"Group\", or the \"Company\")\nFirst Day of Dealings\n \nRightster Group plc (LSE AIM: RSTR), which provides cloud-based services that optimise the distribution and monetisation of live and on-demand video, is pleased to announce the commencement at 08:00 today of dealings in its Ordinary Shares on AIM. Rightster provides an ''upload once - commercialise everywhere'' solution that extends the reach of live and on-demand video content to web, mobile and connected audiences via customers' own sites, social channels, portals, platforms, online newspapers, magazines and blogs as well as Rightster's multi channel networks (MCNs) on YouTube.\nAdmission Details:\n \n· The Company has raised approximately £20.4 million (before expenses) through the placing of 34,083,333 new ordinary shares (the \"Placing\").\n· The total number of ordinary shares in issue at Admission is 116,372,334, giving the Company a market capitalisation of approximately £69.8 million, based on the placing price of 60 pence per share.\n \n· Admission and the Placing are expected to provide the Company with working capital to fund its continued operations in building out the Group's network, adding content owners and publishers and to fund continued R&D investment. \n \n· Admission will also provide the Group with access to capital to support its strategic o...