GON Galleon Hldgs

 

TIDMGON 
 
RNS Number : 3300T 
Galleon Holdings PLC 
04 June 2009 
 

+------------------+----------------------------------------------------------------+ 
| Date:            | 4 June 2009                                                    | 
+------------------+----------------------------------------------------------------+ 
| On behalf of:    | Galleon Holdings plc ('Galleon', 'the Company' or 'the Group') | 
+------------------+----------------------------------------------------------------+ 
| Embargoed for:   | 0700hrs                                                        | 
+------------------+----------------------------------------------------------------+ 
 
 
 
 
Galleon Holdings PLC 
Placing to raise GBP3.85 million 
 
 
Galleon Holdings plc (AIM: GON), the AIM listed entertainment media company 
developing and producing multi-platform properties with a focus on emerging 
markets, is pleased to announce that it has placed 29,615,385 New Ordinary 
Shares of 1 pence each in the Company (the "Placing Shares") with institutional 
investors at a price of 13 pence per new ordinary share (the "Placing Price) to 
raise approximately GBP3.85 million (before expenses) (the "Placing"). 
 
 
The net proceeds of the Placing will be used to enable the Company to accelerate 
its growth in its established and profitable media business in 
China.Specifically Galleon will extend its presence in the online 
gaming market, expand its existing mobile service provision business and produce 
entertainment content to fill its distribution pipeline in China and onwards to 
the Rest of the World. 
 
 
The Placing Shares, which represent approximately 21.2 per cent. of the enlarged 
issued share capital of the Company, will rank pari passu in all respects with 
the existing Ordinary Shares in the Company.  Application has been made for the 
Placing Shares to be admitted to trading on AIM and it is expected that dealings 
will commence on 10 June 2009. 
 
 
 
 
Commenting on the Placing, Stephen Green, CEO of Galleon Holdings, said: 
"Galleon is experiencing a period of rapid growth and this placing will help 
enable us to capitalise on the current market opportunity. 
 
 
"Online gaming is one of the fastest growing revenue generating activities in 
the media sector, both in China and the Rest of the World.Our multi-platform 
approach creates large online audiences and we are well positioned to create a 
new revenue stream with online games." 
 
 
- Ends - 
 
 
 
 
Enquiries: 
 
 
+----------------------------------------------+---------------------------------+ 
| Galleon Holdings plc                         |              www.galleonplc.com | 
+----------------------------------------------+---------------------------------+ 
| Stephen Green, Chief Executive               |              Tel: 020 8742 3636 | 
+----------------------------------------------+---------------------------------+ 
|                                              |                                 | 
+----------------------------------------------+---------------------------------+ 
| Cenkos Securities (Nominated Adviser &       |                                 | 
| Broker)                                      |                                 | 
+----------------------------------------------+---------------------------------+ 
| Ken Fleming / Jon Fitzpatrick                |   Tel: 0131 220 9772 / 0131 220 | 
|                                              |                            9773 | 
+----------------------------------------------+---------------------------------+ 
|                                              |                                 | 
+----------------------------------------------+---------------------------------+ 
| Redleaf Communications                       |          Galleon@redleafpr.com  | 
+----------------------------------------------+---------------------------------+ 
| Samantha Robbins / Sanna Sumner / Mike Ward  |              Tel: 020 7566 6700 | 
+----------------------------------------------+---------------------------------+ 
 
 
 
 
Notes to Editors: 
 
 
ABOUT GALLEON HOLDINGS 
Galleon Holdings plc creates and distributes multi-platform branded 
entertainment properties focused on the emerging markets, in particular China 
and South East Asia. The entertainment properties are designed to establish a 
direct, interactive relationship with the viewer. 
 
 
Television in China reaches approximately 98% of the population of 1.3 billion. 
Mobile phone penetration is also high, with over 500 million subscribers and 
with over 300 million people online, China is now the largest online market in 
the world.  Huge TV audiences and growing interactive platform access presents a 
substantial opportunity for Galleon to benefit from the popularity and demand 
for interactive entertainment and game shows. China is forecast to become the 
world's fifth largest advertising market. 
 
 
In October 2007 Galleon acquired Phoenix, a Hong Kong based media solutions 
company, which specialises in the provision of interactive broadcast television 
services that enable broadcasters in China and South East Asia to provide 
interactive entertainment for audiences to access through TV, online and mobile. 
 
 
In February 2008 Galleon acquired Yunbo, a mobile service provider in China, 
strengthening the Company's ability to provide Chinese broadcasters with a 
complete media solution for multi-platform entertainment. Galleon now has total 
control over the interactive content, its delivery to the consumer, data capture 
and the billing process. 
 
 
Galleon develops entertainment formats for children, families and young adults. 
These include: 
  *  Super Soccer Star - an interactive family orientated football talent show. 
  Produced in association with Chelsea Football Club. The first series, broadcast 
  in Guangdong province, China, achieved top five show status. The show has 
  recently launched in Malaysia. 
  *  Skunk Fu! - a comedy action animated TV show for kids aged 6-11. 
  *  Apollo's Pad - an interactive online animated sitcom targeting the young male 
  audience. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEFJMFTMMIMBIL 
 

Galleon (LSE:GON)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Galleon (LSE:GON)
Historical Stock Chart
Von Jul 2023 bis Jul 2024