Falcon Media House Limited Convertible Loan Note Closed (8946X)
30 November 2017 - 6:00PM
UK Regulatory
TIDMFAL
RNS Number : 8946X
Falcon Media House Limited
30 November 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
30 November 2017
Falcon Media House Limited
("Falcon", the "Group" or the "Company")
Convertible Loan Note closed
Falcon Media House (LSE:FAL), the global digital media group
focused on the over-the-top ('OTT') market, today announces that
the GBP10 million convertible loan note has been closed.
As announced on 17 October 2017, GBP3.4 million the convertible
loan notes were issued by the Company and the capacity remained to
raise up to further funds with the same instrument.
With the effects of the strategy update starting to flow through
to the Company's cash balances the Board believe there is no longer
a requirement to maintain the capacity for further issuance of the
convertible loan note and has therefore decided to formally close
it at the GBP3.4 million already issued.
Gert Rieder, Chief Executive Falcon Media House, commented, "We
believe that closing the convertible loan note at the current level
of issuance demonstrates our confidence in the company's financial
position."
**ENDS**
For more information visit www.falconmediahouse.com or enquire
to:
Falcon Media House Limited info@falconmediahouse.com
Gert Rieder
About Falcon Media House
Falcon Media House (LSE:FAL) is a global digital media group,
powering the new paradigm in media entertainment for intelligent
streaming of live and on-demand video. Its goal is to create an
ecosystem where great technology meets great entertainment and
delivering the right audience. The Group is capitalising on
explosive demand for digital video, streamed "live" and
"on-demand", known as the Over-The-Top (OTT) video streaming
market. Falcon Media House focuses on Technology, particularly
Quiptel's innovative patented software enabling "intelligent
streaming" on any network to any device, bridging the "last mile"
while dramatically improving Quality of Service (QoS) and Quality
of Experience (QoE), and Media that provides brands, creators and
rights-holders with exclusive and unique content for a global
audience.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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