Correction: issue of Equity

Further Issue of Equity RNS Number : 6747Y

Media Corporation PLC

26 February 2013



Media Corporation plc

(Media Corp or the Company)

Further issue of shares

Media Corp is pleased to announce that following the announcements released yesterday regarding the subscription to raise, in aggregate, £200,000, the Company has received further investor interest in the Companys shares. Accordingly, the Company is pleased to announce that, subject to the passing of certain resolutions at a general meeting to be held by the Company, it has raised a further £100,000 through the placing of 100,000,000 new ordinary shares of 0.1p each at 0.1p per share (the Placing Shares).

The issue of the Placing Shares, together with the 86,000,000 subscription shares announced yesterday, will be subject to the approval by shareholders of certain resolutions at a general meeting of the Company. Application for the admission to trading on AIM of the Placing Shares and further subscription shares will be made prior to the general meeting. A further announcement will be made shortly confirming the details and timing of the general meeting.

Contact

Media Corporation Plc Tel: 44 207 618 9000

Phil Jackson - Chairman

Northland Capital Partners Limited Tel: 44 207 796 8800

Luke Cairns / Lauren Kettle (Nominated Adviser)

XCAP Securities Tel: 44 207 101 7070

Jon Belliss (Joint Broker)

Bishopsgate Communications Tel: 44 207 562 3350

Nick Rome

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOETFMMTMBTTBPJ

RNS Number : 6747Y Media Corporation PLC 26 February 2013 Media Corporation plc(Media Corp or the Company) Further issue of shares Media Corp is pleased to announce that following the announcements released yesterday regarding the subscripti...

LINK:	http://www.mediacorpplc.com/Pages/Press.aspx#article_20718998...
	See more stories from mediacorp

Most recent headlines