ASG Asg Media

 

TIDMASG 
 
RNS Number : 6613V 
Avanti Screenmedia Group PLC 
14 July 2009 
 
 
 
14 July 2009 
 
 
Avanti Screenmedia Group plc 
("Avanti" or the "Company") (AIM: ASG.L) 
 
 
Issue of Equity. 
 
 
The Board is pleased to announce that Neo Media Group SA has today converted 
GBP300,000 into 30,000,000 ordinary shares. Following the Neo Media 
Subscription, Neo Media will hold 47,636,363 ordinary shares, representing 29.4 
per cent of the enlarged issued share capital, and convertible loans which upon 
full conversion will require the issue of a further 125,000,000 new ordinary 
shares. Upon full conversion of their convertible loan notes Neo Media will own 
up to a maximum of 60.2 per cent of the Company's enlarged issued share 
capital. 
 
The Company has also today issued 6,750,000 ordinary shares to Gary Truman, CFO, 
in lieu of cash remuneration owed to him under the terms of his contract. Mr 
Truman now has a shareholding of 17,064,107 being 10.5% of the issued ordinary 
share capital of the Company. 
 
 
Accordingly application has been made for the 36,750,000 new ordinary shares to 
be admitted to trading on AIM and it is expected that admission will take place 
on 20 July 2009. The new ordinary shares will rank pari passu with the existing 
shares of the Company. Following this issue the total issued share capital of 
the Company will increase to 161,763,636 ordinary shares of 1 pence each. A 
total of GBP 1.8m Loan Notes remain in issue. 
 
 
+---------------------------------------------------------+---------------------------+ 
| Avanti Screenmedia Group plc                            |             020 7902 2345 | 
| Jamie Ball, Managing Director                           |                           | 
| Gary Truman, CFO                                        |                           | 
|                                                         |                           | 
+---------------------------------------------------------+---------------------------+ 
| Charles Stanley Securities                              |             020 7149 6000 | 
| Nominated Adviser                                       |                           | 
| Russell Cook/Freddy Crossley                            |                           | 
|                                                         |                           | 
+---------------------------------------------------------+---------------------------+ 
| Bishopsgate Communications Limited                      |             020 7562 3355 | 
| Robyn Samuelson/Siobhra Murphy                          |                           | 
+---------------------------------------------------------+---------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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