Placing and capitalisation of certain liabilities

mirada plc, the AIM-quoted audiovisual interaction specialist, is pleased to announce the completion of an equity placing and a capitalisation of certain creditor balances totalling, in aggregate, £1,066,794. The placing, which was assisted by Rivington Street Corporate Finance, raised gross proceeds of £842,517 by the issue of 8,425,172 new ordinary shares of 1p each at a placing price of 10 pence. In addition, certain creditors have agreed to capitalise, in aggregate, £224,277 into 2,242,766 new ordinary shares of 1p each, credited as fully paid at 10 pence per share.

The Transaction will help strengthen the Company’s balance sheet with net funds raised from the Placing to be used for working capital purposes, for ongoing investment in product development and to help generic viagra pills fund mirada’s expansion into overseas markets.

Following the Placing and the Capitalisation, Richard Alden, Francis Coles and José Luis Vázquez will have an interest in the following ordinary shares in the Company:

As part of the Placing, Naropa Cartera S.L.U. (“Naropa”) and Baring Iberia II

Inversion En Capital F.C.R. (“Baring”) subscribed for new ordinary shares and have an interest in the following ordinary shares in the Company:

* Naropa is a wholly-owned subsidiary of Naropa Capital S.L., a company controlled by the Fernandez Fermoselle family. The Fernandez Fermoselle family also has a shareholding in Kasei 2000 S.L. which has an interest in 4,799,259 mirada ordinary shares. In aggregate, following the Transaction, the Fernandez Fermoselle family has an interest in 12,351,726 mirada ordinary shares representing approximately 38.63% of the enlarged issued share capital of mirada.

Application has been made to the London Stock Exchange for admission of the 10,667,938 new ordinary shares to be issued pursuant to the Placing and the Capitalisation to be admitted to trading on AIM. Admission is expected to occur on 21 December 2011.

For the purposes of the Disclosure and Transparency Rules, mirada’s total issued share capital following the issue of the 10,667,938 new ordinary shares consists of 31,973,423 ordinary shares of 1 penny each.

 

About mirada:

mirada PLC creates products and manages 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, synchronisation technologies and interactive marketing.

 

Press Contact:

Liran Grunhaus

MarCom and Community Manager

liran.grunhaus@mirada.tv

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