DigitalBox (DBOX)

Sector:

Media

Index:

FTSE AIM All-Share

 5.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 8.75
  • 52 Week Low: 4.75
  • Currency: UK Pounds
  • Shares Issued: 91.84m
  • Volume: 649,060
  • Market Cap: £5.28m
  • RiskGrade: 241

Polemos agrees to reverse takeover of Digitalbox

By Iain Gilbert

Date: Friday 08 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Cash shell Polemos has conditionally agreed to acquire digital media businesses Digitalbox Publishing and Mashed Productions in a reverse takeover valued at £11.2m.
The AIM-listed outfit agreed to acquire Digitalbox Publishing for a total consideration of roughly £10m, to be satisfied by the issue of 72.72m new ordinary shares.

Meanwhile, Mashed, which runs the online satirical news website The Daily Mash, will be snapped up for a total of £1.2m, to be satisfied on completion by the issue of 1.42m new ordinary shares and a one-off payment of up to £1m in cash.

Polemos, which will be rebranded as Digitalbox following the takeover, also announced its intention to raise up £1.02m by the use of 7.28m new ordinary shares at a price of 14p each to cover the cash portion of the Mashed acquisition.

Chairman Nigel Burton said: "I am pleased to be able to announce the acquisitions which, subject to Shareholder approval, will result in the successful conclusion of the process announced in September, and will enable shareholders to benefit from the exciting potential of the Digitalbox platform and management team."

As of 1115 GMT, Polemos shares were still suspended from trading, as they had been since September.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DigitalBox Market Data

Currency UK Pounds
Share Price 5.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 8.75
52 Week Low 4.75
Volume 649,060
Shares Issued 91.84m
Market Cap £5.28m
RiskGrade 241

DigitalBox Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.85% above the market average74.85% above the market average74.85% above the market average74.85% above the market average74.85% above the market average
60.66% above the sector average60.66% above the sector average60.66% above the sector average60.66% above the sector average60.66% above the sector average
Price Trend
13.63% below the market average13.63% below the market average13.63% below the market average13.63% below the market average13.63% below the market average
15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average15.15% above the sector average
Income Not Available
Growth Not Available

DigitalBox Dividends

No dividends found

Trades for 29-May-2020

Time Volume / Share Price
15:24 8,410 @ 5.51p
14:26 596,286 @ 4.75p
08:05 44,364 @ 5.88p

DigitalBox Key Personnel

CEO Cyril Theret
CFO Nemone Wynn-Evans
Chair Nigel John Burton

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