NAPS Napster Group Plc

 
TIDMIPNT 
 
23 October 2009 
 
 
 
                               iPoint-media plc 
 
                         ("iPoint" or the "Company") 
 
                 Further re: Open Offer and Subscription Offer 
 
Application for admission to trading on AIM and extension of final closing date 
                             of Subscription Offer 
 
On 7 October 2009 iPoint announced that at the closing date of the Open Offer 
at 3 p.m. on 2 October 2009 the Company had received valid applications from 
existing Shareholders for an aggregate of GBP258,312.20. Defined terms used in 
the announcement on 26 August 2009 shall have the same meanings in this 
announcement. 
 
The valid applications under the Open Offer comprised 18,191 Offer Units, 
comprising GBP210,469.87 of Loan Notes, 1,055,078 Offer Shares and 2,255,684 
Bonus Shares. It is a term of the Open Offer that the Bonus Shares will not be 
capable of being sold, transferred or pledged to any third party for a period 
of one year from issue in respect of all the Bonus Shares subscribed under the 
Open Offer and for a period of a further year in respect of 50 per cent. of the 
Bonus Shares subscribed under the Open Offer. 
 
Furthermore, the Company announced that it had been informed by CSS Partners 
LLP ("CSS"), as Placing Agent to the Subscription Offer, that CSS had by close 
of business on 2 October 2009 received commitments under the Subscription Offer 
of in excess of GBP750,000. 
 
The Open Offer and the Subscription Offer are conditional upon, inter alia, the 
aggregate subscription being in excess of GBP1 million. 
 
iPoint is now pleased to announce that as at 12 noon on 23 October 2009, it had 
received valid applications in respect of 129.25 Units under the Subscription 
Offer, amounting to GBP811,690 in total, comprising GBP661,760 of Loan Notes, 
3,308,800 Placing Shares and 7,031,200 Bonus Shares. It is a term of the 
Subscription Offer that the Bonus Shares will not be capable of being sold, 
transferred or pledged to any third party for a period of one year from issue 
in respect of all the Bonus Shares subscribed under the Subscription Offer and 
for a period of a further year in respect of 50 per cent. of the Bonus Shares 
subscribed under the Subscription Offer. 
 
Accordingly, the aggregate subscription under the Open Offer and the 
Subscription Offer is GBP1,070,002.20 and the Open Offer and the Subscription 
Offer are solely conditional upon admission of the Ordinary Shares comprised in 
the Units applied for under the Open Offer and the Subscription Offer being 
admitted to trading on AIM. 
 
iPoint also announces that the final closing date for the Subscription Offer 
will be extended to remain open until it is subscribed in full or 15 November 
2009, whichever occurs earlier. A further announcement in respect of any 
further valid applications under the Subscription Offer will be made in due 
course. 
 
In addition, pursuant to the engagement letter with Charles Street Securities 
Europe LLP dated 11 June 2009, the Company has allotted 2,348,819 Bonus Shares 
to CSS Capital Managers LLP. These Bonus Shares will not be capable of being 
sold, transferred or pledged to any third party for a period of one year from 
issue and for a period of a further year in respect of 50 per cent. of these 
Bonus Shares. 
 
Application has been made for 15,999,581 Ordinary Shares to be admitted to 
trading on AIM and dealings are expected to commence on 26 October 2009. 
 
Further enquiries: 
 
iPoint-media plc 
 
Muki Geller                                                +972 (0) 544 450 667 
 
Merchant John East Securities Limited 
 
David Worlidge                                             +44 (0) 207 628 2200 
 
Bidhi Bhoma 
 
 
 
END 
 

Grafico Azioni Napster (LSE:NAPS)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Napster (LSE:NAPS)
Storico
Da Lug 2023 a Lug 2024