Zoo Digital Group PLC Director's Dealing in Convertible Loan Note (4025T)
March 29 2016 - 7:32AM
UK Regulatory
TIDMZOO
RNS Number : 4025T
Zoo Digital Group PLC
29 March 2016
ZOO DIGITAL GROUP PLC
("ZOO" or "the Company")
Director's Dealing in Convertible Loan Note
ZOO Digital Group plc, the provider of cloud-based media
production software and services to global creative organisations,
was notified today that Roger Jeynes, Non-Executive Chairman of the
Company, has today purchased from a third party an additional
GBP2,000 of the Company's existing unsecured convertible loan notes
of GBP3,070,500 (the "Loan Notes"), in addition to his GBP23,000
existing interest in Loan Notes, taking his total interest in Loan
Notes to GBP25,000.
The key terms of the Loan Notes are primarily that they accrue
interest at 7.5 per cent. per annum (payable half-yearly) and that
the conversion price of the Loan Notes are 48 pence per ordinary
share of 15 pence each in the capital of the Company ("Ordinary
Shares") converted.
Following the above transaction, Mr Jeynes' beneficial interest
in 120,000 Ordinary Shares, representing approximately 0.37 per
cent. in the Company's current issued share capital, remains
unchanged.
Ends
For further enquiries please contact:
ZOO Digital Group plc 0114 241 3700
Stuart Green - Chief Executive
Officer
Helen Gilder - Group Finance
Director
finnCap Ltd 020 7220 0500
Ed Frisby / Emily Watts (corporate
finance)
Joanna Scott (corporate broking)
About ZOO Digital Group plc:
ZOO Digital is a provider of cloud-based media production
services and software to global creative organisations,
predominantly in the entertainment industry. ZOO's full service
proposition includes localisation of audio-visual content
(embracing subtitling, captioning and dubbing), creative workflow
systems and digital distribution solutions.
ZOO's services enable clients to capitalise on new routes to
market and deliver localised content to their customers across
multiple platforms.
ZOO's clients enjoy reduced time to market, higher quality and
lower costs. This is achieved by delivering differentiated
production services through the application of innovative cloud
software. In this way ZOO provides flexible solutions that combine
services with software licensing to meet the diverse needs of
clients of all sizes across the creative media industries. ZOO's
software is used to create localised entertainment products,
packaging and marketing campaigns for some of the best known brands
in the world.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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