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21.01.2013
Tangibal Group PLC (“Tangibal”, “Company” or “Group”): "Network expansion in premier India shopping malls and Issue of new shares in Tangibal Group Plc at £1.00 or €1.20 per share”
Tangibal Group PLC (“Tangibal”, “Company” or “Group”): "Network expansion in premier India shopping malls and Issue of new shares in Tangibal Group Plc at £1.00 or €1.20 per share”
London, 21st of January 2013
The Tangibal Board is delighted to announce the successful installation of digital advertising screens in two of India's premier shopping malls.
The company installed screen networks in Ambience Mall Gurgoan and Ambience Mall Vasant Kunj, both are in Delhi. These two malls cover more than 3 million square feet of retail space and host more than 40 million consumers per year.
The installations are part of a Pan India roll-out of 1,000 screens with major developers such as DLF Group (India's largest construction company) Inorbit Malls, Ambience Malls, R-City and Oberoi Mall.
Media sales are handled by Blue Ocean Outdoor Media. Tangibal receives a minimum guarantee payment of £1,600 per screen per year or £1,600,000 (million per annum) for a fully rolled out network.
Following the successful completion of the acquisition of Infotech Digital Ltd and the share consolidation, the company is pleased to announce that it has issued new shares in Tangibal Group Plc at £1.00 per share or €1.20.
Following the restructure, the Company had a number of shares in Treasury and these were offered to existing shareholders at £1.00 per share. The company can confirm a number of shareholders have invested at this new price showing continued support for the Group and the future of the business.
Tangibal Group PLC
Dominic Brookman (Chairman and CEO)
02078517080
Dominic Berger, (Commercial Director)
0207 754 0459
HYPERLINK "http://www.Tangibal.com" www.Tangibal.com
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.
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London, 21st of January 2013
The Tangibal Board is delighted to announce the successful installation of digital advertising screens in two of India's premier shopping malls.
The company installed screen networks in Ambience Mall Gurgoan and Ambience Mall Vasant Kunj, both are in Delhi. These two malls cover more than 3 million square feet of retail space and host more than 40 million consumers per year.
The installations are part of a Pan India roll-out of 1,000 screens with major developers such as DLF Group (India's largest construction company) Inorbit Malls, Ambience Malls, R-City and Oberoi Mall.
Media sales are handled by Blue Ocean Outdoor Media. Tangibal receives a minimum guarantee payment of £1,600 per screen per year or £1,600,000 (million per annum) for a fully rolled out network.
Following the successful completion of the acquisition of Infotech Digital Ltd and the share consolidation, the company is pleased to announce that it has issued new shares in Tangibal Group Plc at £1.00 per share or €1.20.
Following the restructure, the Company had a number of shares in Treasury and these were offered to existing shareholders at £1.00 per share. The company can confirm a number of shareholders have invested at this new price showing continued support for the Group and the future of the business.
Tangibal Group PLC
Dominic Brookman (Chairman and CEO)
02078517080
Dominic Berger, (Commercial Director)
0207 754 0459
HYPERLINK "http://www.Tangibal.com" www.Tangibal.com
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.