Published on 6/28/2010 in the Prospect News PIPE Daily.
New Issue: ZOO Digital Group to sell £859,456 stock through private placement
By Devika Patel
Knoxville, Tenn., June 28 - ZOO Digital Group plc said it will take in £859,456 in a private placement of shares.
The company will sell 2,148,642 ordinary shares at 40p per share to Multi Packaging Solutions, Inc.
Multi Packaging Solutions will also receive warrants for 2,148,642 shares; the warrants will be exercisable at 50p until July 31, 2013.
Proceeds will be used to provide working capital for the growth of the business.
ZOO is a Sheffield, England-based software solutions company.
| Issuer: | ZOO Digital Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £859,456
|
| Shares: | 2,148,642
|
| Price: | 40p
|
| Warrants: | For 2,148,642 shares
|
| Warrant expiration: | July 31, 2013
|
| Warrant strike price: | 50p
|
| Investor: | Multi Packaging Solutions, Inc.
|
| Pricing date: | June 28
|
| Stock symbol: | London: ZOO
|
| Stock price: | 45p at close June 28
|
| Market capitalization: | £8.21 million
|
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