Business
Proposed Acquisition of MediaPath and Placing
Proposed Acquisition of MediaPath and Placing.
About this update from Ebiquity Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4880G\n Ebiquity PLC\n 30 March 2022\n \n \n \n \n 30 March 2022\n \n \n \n \n \n THIS ANNOUNCEMENT (INCLUDING THE APPENDIX), ANY COPY OF IT, AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION, RELEASE, TRANSMISSION OR FORWARDING DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL (OR TO ANY PERSONS IN ANY OF THOSE JURISDICTIONS). PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE, OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR SHARE IN THE CAPITAL OF THE COMPANY IN THE UNITED STATES, CANADA, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR JAPAN (OR TO ANY PERSONS IN ANY OF THOSE JURISDICTIONS). THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON STOCK EXCHANGE. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (\"MAR\").\n \n \n \n \n \n Ebiquity Plc\n \n \n \n \n \n Proposed Acquisition of MediaPath Network AB\n \n \n and\n \n \n Proposed Placing of £15.0 million\n \n \n \n \n \n Ebiquity plc (\"Ebiquity\" or the \"Company\"), a world leader in media investment analysis, is pleased to announce the proposed acquisition of Media Path Network AB (\"MediaPath\"), a Swedish-based multi-national media consultancy, for a consideration of £15.5 million (\"MediaPath Acquisition\"). In order to finance the MediaPath Acquisition, to accelerate organic and inorganic growth of the enlarged business and to strengthen its balance sheet, the Company intends to carry out a placing of new ordinary shares (\"Ordinary Shares\") of £15.0 million (the \"Placing Shares\") at a price of 53.0 pence per share (the \"Placing Price\") (the \"Placing\").\n \n \n \n \n The MediaPath Acquisition follows the acquisition of \n Media Management, LLC (\"MML\"), a US-focused ...