MACC Macromac

TIDMMACC

RNS Number : 1598T

Macromac PLC

15 July 2015

15 July 2015

Macromac plc

("Macromac", the "Company" or the "Group")

Issue of Deferred Consideration

The Board of Macromac (AIM:MACC), the AIM quoted company principally engaged in the business of mobile messaging services and software solutions, announces that the Company has today issued 1,210,562 ordinary shares of no par value (the "Consideration Shares") at 42p per Consideration Share to satisfy the first instalment of the deferred consideration payment relating to the acquisition of Smile Interactive Co., Ltd ("Smile"), further details of which were announced on 3 June 2014.

Application has been made for the admission to trading on AIM of the Consideration Shares, which is expected to occur on or about 21 July 2015 ("Admission"). The Consideration Shares will represent approximately 1.19% of the enlarged issued share capital of the Company.

The number of Consideration Shares issued to the vendors of Smile under the first tranche has been calculated based on a multiple of 2x the adjusted audited profit after tax of Smile for the year ended 31 December 2014, which was 13.485 million Baht (approximately GBP0.26 million). The Company will issue four further annual tranches of Consideration Shares to the vendors of Smile, which will be calculated as a 1.5x multiple of the adjusted audited profit after tax of Smile for the four years ending 31 December 2018. The maximum number of new ordinary shares that could be issued to the vendors of Smile as consideration for the acquisition is capped at 4,409,000 Consideration Shares or up to a maximum of 4.19% of the total shares issued and outstanding of the Company as at the date of issue.

Total voting rights

Following Admission, the Company's issued share capital will consist of 101,960,562 ordinary shares of no par value ("Ordinary Shares"), with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares and voting rights will be 101,960,562.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

For further information please visit www.macromacgroup.com or contact:

Macromac PLC +603 7784 9488

Michael Lew, Chief Executive Officer

Andrew Khoo, Chief Operating Officer

Allenby Capital Limited (Nominated Adviser and Broker) +44 (0)20 3328 5656

Nick Athanas

James Reeve

Leander (Financial PR) +44 (0)7795 168 157

Christian Taylor-Wilkinson

* all GBP equivalent calculations are based on an illustrative Baht/GBP exchange rate of 0.01897 as at 14 July 2015.

About Macromac

Macromac is a group of companies headquartered in Malaysia comprising two divisions. The Company aims to deliver mobile content and web-based marketing solutions to its customers across South East Asia. Through its proprietary MMP, the Company provides Premium and Bulk Mobile Messaging solutions for corporate and advertising campaigns, allowing its clients to better reach their customers by delivering targeted mobile messaging. The Company also develops project-based customised software solutions for its SME clients.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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