Business
Proposed Placing to raise approximately £7.0m
Proposed Placing to raise approximately £7.0m.
About this update from Zoo Digital Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0185U\n Zoo Digital Group PLC\n 30 March 2021\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (COLLECTIVELY, THE \"UNITED STATES\"), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ZOO DIGITAL GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF ZOO DIGITAL GROUP PLC\n \n \n \n \n \n This Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as retained as part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this Announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n 30 March \n 2021\n \n \n ZOO Digital Group plc\n \n \n (\"ZOO\", the \"Group\" or the \"Company\")\n \n \n \n Proposed Placing to raise approximately £\n \n \n 7.0\n \n \n \n million ($9.6\n \n \n \n million)\n \n \n \n ZOO Digital Group plc (AIM: ZOO), a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry, announces its intention to carry out a non-pre-emptive fundraise by way of a placing (the \"Placing\") through the issue and allotment of approximately 7,000,000 Ordinary Shares (the \"Placing Shares\") to raise gross proceeds for the Company of approximately £7.0 million ($9.6 million) at a price of 100 pence per Placing Share (the \"Issue Price\").\n \n \n \n \n \n The Issue Price of 100 pence per share which represents a discount of approximately 6.1 per cent. to the closing price on 29 March 2021 (being the...