mirada plc placing and capitalisation

mirada plc, the AIM-quoted audiovisual interaction specialist, is delighted to announce the completion of an equity placing and capitalisation of certain creditor balances totalling, in aggregate, £1.47 million.  This capitalisation is supported by mirada´s Board of Directors, as well as existing shareholders. A new group of investors has also taken part in this important step for mirada.

 

This transaction will help strengthen the company´s balance sheet, and comes in continuation to the company´s interim results announcement last November, which stated that mirada has reached profitability for the first time, with increased revenue and gross profit compared to the previous year.

 

The net funds raised for the placing will be used to continue the company´s expansion into the international markets, as well as strengthen mirada´s product development.

 

mirada already has a strong customer base in Latin America, with several major customers currently deploying mirada´s products in the region, such as Mexican operator Cablecom, the first to deploy mirada´s Iris product; and Brazilian operator GVT, the fastest growing digital TV operator in its market.

 

Since the announcement of the interim results last November, mirada has won three major new contracts in the region. Furthermore, mirada and Ericsson are collaborating in a number of new negotiations, which are hoped to lead to further new contracts in the following months.

 

José Luis Vázquez, Chief Executive Officer, mirada plc, commented:

 

“This transaction demonstrates mirada´s strength as a company and the faith our shareholders have in our future development and our capability to introduce innovative products helping users to interact with their digital TV offering. As mentioned above, we wish to continue expanding our activities internationally, especially throughoutLatin America, a key growth market for mirada. To date, our work there has been extremely successful in establishing our product offering and we are confident that this equity placing will play a key role in mirada’s future success in the region.”

 

About mirada:

 

mirada PLC creates products and manage services that enable consumers to interact with and access audiovisual digital content on television, companion devices and online. mirada products and services, including multi screen solutions, are used worldwide on navigational interfaces including Guides, PPV, VoD, PVR, synchronization technologies and interactive marketing. For additional information, please visit our website www.mirada.tv

 

Enquiries:

 

Liran Julia Grunhaus

Marcom and Community Manager

liran.grunhaus@mirada.tv

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