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Digitalbox plc announced on 9 October 2024 that its Board received a letter dated 8 October 2024 from Northern Trust Global Services Plc, acting on behalf of Downing Strategic Micro-Cap Investment Trust Plc. Downing Strategic Micro-Cap Investment Trust Plc holds 22,589,795 ordinary shares, representing c.19.5% of Digitalbox's issued share capital. The letter requests the Board convene a general meeting to vote on appointing Graham Bryce as a director.
| Date | 9 Oct 2024 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 4390H |
9th October 2024
Digitalbox plc
("Digitalbox" or the "Company" or the "Group")
Receipt of Requisition Letter
The Board of Digitalbox announces that it has received a letter dated 8 October 2024 from Northern Trust Global Services Plc on behalf of Downing Strategic Micro-Cap Investment Trust Plc, shareholders in the Company holding, in aggregate, 22,589,795 ordinary shares representing c.19.5% of issued share capital, requesting the Board convene a general meeting pursuant to section 303(1) of the Companies Act 2006.
The letter requests that, at a general meeting, shareholders of the Company consider and vote on an ordinary resolution to appoint Graham Bryce as a director with immediate effect.
The Company is taking advice as to the validity of the requisition letter and a further announcement will be made in due course.
Enquiries:
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Digitalbox |
c/o SEC Newgate |
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James Carter, CEO |
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Panmure Liberum (Nominated Adviser & Joint Broker) |
Tel: 020 7886 2500 |
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James Sinclair-Ford |
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Rupert Dearden
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Leander Capital Partners (Joint Broker) |
Tel: 07786150915 |
|
Alex Davies
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SEC Newgate (Financial PR) |
Tel: 07540 106 366 |
|
Robin Tozer / Molly Gretton |
digitalbox@secnewgate.co.uk |
About Digitalbox plc
Based in the UK, Digitalbox is a 'pure-play' digital media business with the aim of profitable publishing at scale on mobile platforms.
Digitalbox operates the following trading brands, "Entertainment Daily", "The Daily Mash", "The Tab", "The Poke" and TV Guide". Entertainment Daily produces and publishes online UK entertainment news covering TV, showbiz and celebrity news. The Daily Mash produces and publishes satirical news content. The Tab is the UK's biggest youth culture site fuelled by students. The Poke expertly curates and editorialises the funniest content from around the web and social media. TV Guide serves as the definitive guide to what is on TV.
Digitalbox primarily generates revenue from the sale of advertising in and around the content it publishes. The Group's optimisation for mobile enables it to achieve revenues per session significantly ahead of market norms for publishers on mobile.