Final Earn-out Payment - Yunbo
05 November 2009 - 8:00AM
UK Regulatory
TIDMGON
RNS Number : 9903B
Galleon Holdings PLC
05 November 2009
+--------------------+--------------------------------------------------------------+
| Date: | 5 November 2009 |
| | |
+--------------------+--------------------------------------------------------------+
| On behalf of: | Galleon Holdings plc ('Galleon, 'the Company or 'the |
| | Group) |
+--------------------+--------------------------------------------------------------+
| Embargoed until: | 0700hrs |
| | |
+--------------------+--------------------------------------------------------------+
Galleon Holdings PLC
Final Earn-Out Payment - Yunbo
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 following its acquisition of Changsha High
and New Technology Industrial Development Zone Yunbo Information Technology Co.
Ltd ("Yunbo"), a leading mobile services provider in China, in February 2008, a
final earn-out payment is to be satisfied by the issue and allotment of
24,559,411 Galleon ordinary shares with a nominal value of 1p per share.
Galleon acquired Yunbo to strengthen the Group's media infrastructure in
emerging markets and to provide complete multi-platform media solutions to
Chinese broadcasters.
The Company has applied for the new shares to be admitted to trading on AIM and
admission is expected to occur at 8 am on 9 November 2009.
Stephen Green, CEO of Galleon Holdings, said:
"We are delighted that Yunbo has been so successfully integrated into our
organisation. Strategically Galleon now has an established channel of
distribution to the Chinese media consumer and this is of great value to the
Company going forwards"
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 / 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 targeted football talent show,
produced in association with Chelsea Football Club. The show has aired
successfully in China and Malaysia. Format rights have been sold for Eastern
Europe, Scandinavia, Turkey, India, Middle East and Vietnam to partners
including IMG and Media Star Global.
* Skunk Fu! - a comedy action animated TV show for kids aged 6-11 which airs in
100+ territories including Cartoon Network(US), the BBC(UK), Disney Latin
America, Cartoon Network Asia and Super RTL(Germany).
* Apollo's Pad - a multiplatform young adult sitcom that airs on Bite TV in Canada
and includes a content rich online offering.
* Sokator-442 - a multi-player intergalactic football (soccer) management game
that combines tactical thinking with fantasy/sci-fi gameplay.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEBIBRTMMIMBAL
Galleon (LSE:GON)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Galleon (LSE:GON)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Galleon Hldgs (Londoner Börse): 0 Nachrichtenartikel
Weitere Galleon News-Artikel