Deals



blinkx plc Completes Acquisition Of Rhythm NewMedia Inc


Posted: 13th December 2013 09:07

Further to the announcement on 03 December 2013, blinkx plc ("blinkx" or the "Company"), the Internet Media platform that connects audiences with brands through professionally generated content, announces that it has today completed the acquisition of Rhythm NewMedia Inc. on the terms stated in the initial announcement. All outstanding conditions have been satisfied, except for the admission of the initial consideration shares to trading on AIM.
 
Admission
 
Application has been made to the London Stock Exchange plc for admission to trading of the initial consideration shares on AIM, a market of the London Stock Exchange plc ("AIM") ("Admission"). It is expected that Admission of 8,719,064 new ordinary blinkx shares will become effective on 16 December 2013 and that dealings will commence at that time.
 
Total Voting Rights
 
For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital following the Admission will consist of 398,604,331 ordinary shares of 1p each with one voting right per share. There are no shares held in treasury. 
 
The above figure may be used by shareholders 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 Disclosure and Transparency Rules.

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