RNS Number : 7585P
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Big Sofa Technologies Group PLC 31 May 2018
31 May 2018
Big Sofa Technologies Group plc
(“Big Sofa” or the “Company”)
Allotment About-face and Claim of Convertible Accommodation
Big Sofa (AIM: BST), a fast-growing interna#onal video analy#cs provider to customer brands and bazaar analysis agencies, announces the allotment about-face and claim of the Eridge Basic Limited (“Eridge”) (formerly New World Oil and Gas plc) convertible loan.
As ahead announced, above-mentioned to Big Sofa’s acceptance to trading on the AIM bazaar of London Stock Exchange plc (“AIM”) in December 2016, its subsidiary, Big Sofa Technologies Limited, adopted £675,000 from Eridge by way of a conver#ble accommodation (the “Conver#ble Loan”). As at 31 May 2018, the amount of the Conver#ble Accommodation additional formed up absorption was £739,212.
Eridge has today adopted to catechumen £100,000 of the Conver#ble Accommodation additional formed up absorption into 588,235 accustomed shares of 3p in the Company (“Ordinary Shares”), represen#ng a about-face amount of 17p per share. Furthermore, Big Sofa and Eridge accept agreed that Big Sofa will today accord the abounding outstanding antithesis of the Conver#ble Accommodation additional formed up interest, totalling £639,212.
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As a aftereffect of the allotment about-face and repayment, there are no added liabili#es due in account of the Conver#ble Loan.
Consequently, Big Sofa has today allo
Following Admission, the Company’s absolute issued accustomed allotment basic will be 82,598,958 Accustomed Shares.No accustomed shares are captivated in treasury. Following Admission, this ﬁgure may be acclimated by shareholders as the denominator for the calcula#ons by which they will actuate if they are appropriate to no#fy their absorption in, or a change to their absorption in, the Company beneath the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Big Sofa Technologies Group plc Simon Lidington, CEO
via Vigo Communications
Matt Lynch, CSO
Joe MacCarthy, CFO
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Vigo Communications (Financial Public Relations) Ben Simons / Jeremy Garcia / Antonia Pollock
44 (0) 20 7830 9700
SPARK Advisory Partners (NOMAD)
44 (0)20 3368 3554
Neil Baldwin / Mark Brady
Hobart Basic Markets (Broker) Lee Richardson / Phillip Worton
44 (0) 20 7070 5656
About Big Sofa Technologies Group plc
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Big Sofa is a B2B technology business application the business and customer acumen industries with video analytics.
Our soEware plaForm collates, analyses and organises ample volumes of raw/unstructured video agreeable enabling companies to accomplish abundant and sophis#cated customer acumen analysis; and accomplish 18-carat use of their video content.
Un#l recently, video has been diﬃcult and big-ticket to capture, upload, store, administer and analyse as a customer acumen tool. However, prolifera#on of acute phones has empowered consumers to allege anon to brands resul#ng in an evolu#on of customer acumen and abstracts analy#cs techniques, with video arising as a key plaForm in a massive $33 billion customer analysis market.
Big Sofa’s shares are accepted to trading on the London Stock Exchange’s AIM bazaar beneath the ticker BST.L.
To acquisition out more, appointment www.bigsofatech.com
Follow us on cheep at @bigsofatech
This advice is provided by RNS, the account account of the London Stock Exchange. RNS is accustomed by the Financial Conduct Authority to act as a Primary Advice Provider in the United Kingdom. Terms and altitude apropos to the use and administration of this advice may apply. For added information,
amuse acquaintance [email protected] or appointment www.rns.com.
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