ZOO DIGITAL GROUP PLC
("ZOO" or "the Company")
Director's Dealing in Convertible Loan Note
ZOO Digital Group plc, the provider of cloud-based media production software and services to global creative organisations, was notified today that Roger Jeynes, Non-Executive Chairman of the Company, has today purchased from a third party an additional £2,000 of the Company's existing unsecured convertible loan notes of £3,070,500 (the "Loan Notes"), in addition to his £23,000 existing interest in Loan Notes, taking his total interest in Loan Notes to £25,000.
The key terms of the Loan Notes are primarily that they accrue interest at 7.5 per cent. per annum (payable half-yearly) and that the conversion price of the Loan Notes are 48 pence per ordinary share of 15 pence each in the capital of the Company ("Ordinary Shares") converted.
Following the above transaction, Mr Jeynes' beneficial interest in 120,000 Ordinary Shares, representing approximately 0.37 per cent. in the Company's current issued share capital, remains unchanged.
Ends
For further enquiries please contact:
ZOO Digital Group plc |
0114 241 3700 |
Stuart Green - Chief Executive Officer |
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Helen Gilder - Group Finance Director |
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finnCap Ltd |
020 7220 0500 |
Ed Frisby / Emily Watts (corporate finance) Joanna Scott (corporate broking) |
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About ZOO Digital Group plc:
ZOO Digital is a provider of cloud-based media production services and software to global creative organisations, predominantly in the entertainment industry. ZOO's full service proposition includes localisation of audio-visual content (embracing subtitling, captioning and dubbing), creative workflow systems and digital distribution solutions.
ZOO's services enable clients to capitalise on new routes to market and deliver localised content to their customers across multiple platforms.
ZOO's clients enjoy reduced time to market, higher quality and lower costs. This is achieved by delivering differentiated production services through the application of innovative cloud software. In this way ZOO provides flexible solutions that combine services with software licensing to meet the diverse needs of clients of all sizes across the creative media industries. ZOO's software is used to create localised entertainment products, packaging and marketing campaigns for some of the best known brands in the world.
