Reorganisation of Share Capital
September 15 2009 - 4:40AM
UK Regulatory
TIDMDIGI
RNS Number : 0626Z
Digital Marketing Group PLC
15 September 2009
Digital Marketing Group plc (the "Company")
Reorganisation of share capital
15 September 2009
Digital Marketing Group announces the reorganisation of its share capital which
was approved at the Company's AGM held on 4 September 2009.
Prior to the reorganisation the Company's authorised share capital was
GBP50,049,999 divided into GBP50,000,000 Ordinary Shares of 50 pence each,
divided into 100,000,000 Ordinary Shares of which 67,378,520 were issued, and
GBP49,999 of Redeemable Preference Shares of GBP1.00 each, none of which were
issued.
The Resolution passed by members on 4 September 2009 was to achieve the
following:
i) Sub-divide and convert each issued and unissued existing Ordinary Share of 50
pence into one New Ordinary Share of 5 pence and one Deferred Share of 45 pence;
ii) increase the authorised share capital of the Company by GBP5,000,000 by the
creation of 100,000,000 further New Ordinary Shares of 5 pence each; and
iii) cancelling the unissued 49,999 Redeemable Preference Shares of GBP1.00.
After the implementation of the reorganisation the Company's authorised share
capital is GBP55,000,000 divided into GBP10,000,000 Ordinary Shares of 5 pence
each, divided into 200,000,000 Ordinary Shares of which 67,378,520 are issued
and admitted to trading on AIM and GBP45,000,000 Deferred Shares of 45 pence
each divided into 100,000,000 Deferred Shares of which 67,378,520 are issued.
The Deferred Shares are not and will not be admitted to trading on AIM.
Enquiries
DIGITAL MARKETING GROUP PLC Tel: 01491615306
Keith Sadler, CFO
CENKOS SECURITIES PLC Tel: 020 7397 8980
Ivonne Cantú/Julian Morse
Notes:
Digital Marketing Group (AIM: DIGI) listed on AIM in October 2006, and employs
over 600 people.
Digital Marketing Group is the UKs No 1 digital marketing agency (Campaign
Magazine
Jan 2009).
At the heart of the company is Digital Brain - a process which enables the real
time
integration of digital marketing and data analytics. This helps create unique
contact strategies for each
individual based on their historical data and real time interactions.
Digital Marketing Group's development strategy consists of three key elements:
* "organic growth" - driven by growth within the individual businesses and the
application of a group business development programme;
* "buy and build" - through the selective acquisition of a number of well run and
profitable businesses with complementary skills in digital marketing and
data analytics;and
* the creation of new revenue streams from within the existing talents and
resources of the group.
Publication quality photographs are available via Redleaf Communications
This information is provided by RNS
The company news service from the London Stock Exchange
END
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