Business
Warrant exercise
Warrant exercise.
About this update from Digitalbox Plc
[{"type":"text","content":"\n \n \n RNS Number : 7898D\n Digitalbox PLC\n 21 February 2020\n \n \n \n \n 21 February 2020\n \n \n \n \n \n Digitalbox plc\n \n \n (\"Digitalbox\" or \"the Company\")\n \n \n \n \n \n Exercise of Warrants\n \n \n \n \n \n Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily and The Daily Mash, announces that, following the exercise of 7,085 Digitalbox Publishing Holdings' (\"DBPH\") warrants and pursuant to the terms of the Warrant Acquisition Agreement dated 7 February 2019, the Company has issued 1,590,936 ordinary shares of 1 pence each in the Company (the \"DBPH Warrant Shares\").\n \n \n \n \n \n In accordance with the DBPH Warrant Acquisition Agreement, as outlined in Digitalbox's admission document, the Company has issued the DBPH Warrant Shares in consideration for the acquisition of the shares in DBPH issued following the aforementioned exercise of 7,085 DBPH warrants. As a result of such acquisition and the issue of the DBPH Warrant Shares, DBPH will remain a wholly-owned subsidiary of the Company\n \n \n \n \n \n Application has been made to the London Stock Exchange for the DBPH Warrant Shares to be admitted to trading on AIM (\"Admission\") and it is expected that such Admission will occur at 8.00 a.m. on 24 February 2020. The DBPH Warrant Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the admission of the DBPH Warrant Shares, respectively and will otherwise be identical to and rank on Admission pari passu in all respects with the existing Ordinary Shares. The DBPH Warrant Shares are not being made available to the public and are not being offered or sold into any jurisdiction where it would be unlawful to do so.\n \n \n \n \n \n Following Admission, the Company will have 91,842,662 Ordinary Shares in issue, none of which will be held in treasury. Accordingly, the total number of voting rights in the Company will be 91,842,662 and shareholders may use this figure 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 Company under the FCA's Disclosure Guidance and Transparency Rules. \n \n \n \n \n \n \n \n \n \...