Ebiquity, a global leader in media investment research, announced the completion of its acquisition of Media Management, a US-based media audit company on Monday.
All conditions in the agreement for the acquisition of Media Management have been satisfied, and the acquisition of Media Management has now been completed, following the admission of 1,737,261 new ordinary shares in Ebiquity’s share capital to trading on AIM earlier this morning and compensation by the company for the balance of the initial consideration, both in accordance with the terms of the agreement for the acquisition of Media Management.
Total Voting Rights
The total number of Ordinary Shares in issue after admission will be 84,891,181, with each share carrying one vote.
To satisfy awards under the company’s share option plan, the Ebiquit Employee Benefit Trust holds 4,200,000 issued Ordinary Shares.
These share options have yet to be exercised, and the trustee has agreed to abstain from voting the Ordinary Shares it owns. As a result, 4,200,000 Ordinary Shares are not considered to have voting rights.