Communicators
are winners!
News
26.07.2012
Tangibal announces Bond Issue and Proposed Acquisition
Tangibal announces Bond Issue and Proposed Acquisition
Announcement pursuant to section 19 paragraph 1 lit. c) aa) according to the terms and conditions of Deutsche Börse AG
London, 26 July 2012
- Tangibal plans to issue a convertible bond of up to EUR 4 million to finance further network expansion and acquisitions
To finance further network expansion and acquisitions, the management of TANGIBAL GROUP PLC (“Tangibal“), ISIN GB00B5KMXN41, a leader in interactive media and experiential advertising, proposes to issue a convertible bond of up to EUR 4 million.
The convertible bond will be offered by Silvia Quandt & Cie. AG in cooperation with biw Bank für Investments und Wertpapiere AG to international institutional investors in a private placement and will have a term of 3 years with a fixed interest rate of 8 % per annum.
The final terms and conditions of the convertible bond will be published at the beginning of the placement.
Furthermore Tangibal has entered into heads of terms to acquire a complementary digital out of home media business which will create an enlarged, profitable, global interactive digital media Group. The acquisition will be subject to shareholders’ approval and has a target completion date of the end of September 2012. Further information regarding the progress of the acquisition will be announced in due course.
– End of announcement pursuant to section 19 paragraph 1 lit. c) aa) according to the terms and conditions of Deutsche Börse AG and explanations –
About Tangibal
Formed in 2008, Tangibal Group Plc has established itself as a vision leader in interactive media and experiential advertising. Our goal is to deliver solutions that entertain, inform and motivate. See www.tangibal.com for more information.
Disclaimer
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
Announcement pursuant to section 19 paragraph 1 lit. c) aa) according to the terms and conditions of Deutsche Börse AG
London, 26 July 2012
- Tangibal plans to issue a convertible bond of up to EUR 4 million to finance further network expansion and acquisitions
To finance further network expansion and acquisitions, the management of TANGIBAL GROUP PLC (“Tangibal“), ISIN GB00B5KMXN41, a leader in interactive media and experiential advertising, proposes to issue a convertible bond of up to EUR 4 million.
The convertible bond will be offered by Silvia Quandt & Cie. AG in cooperation with biw Bank für Investments und Wertpapiere AG to international institutional investors in a private placement and will have a term of 3 years with a fixed interest rate of 8 % per annum.
The final terms and conditions of the convertible bond will be published at the beginning of the placement.
Furthermore Tangibal has entered into heads of terms to acquire a complementary digital out of home media business which will create an enlarged, profitable, global interactive digital media Group. The acquisition will be subject to shareholders’ approval and has a target completion date of the end of September 2012. Further information regarding the progress of the acquisition will be announced in due course.
– End of announcement pursuant to section 19 paragraph 1 lit. c) aa) according to the terms and conditions of Deutsche Börse AG and explanations –
About Tangibal
Formed in 2008, Tangibal Group Plc has established itself as a vision leader in interactive media and experiential advertising. Our goal is to deliver solutions that entertain, inform and motivate. See www.tangibal.com for more information.
Disclaimer
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B5KMXN41</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.