# Kestrel Partners and Premier Miton Group subscribe in Amino Technologies placing

- Link: https://www.directorstalkinterviews.com/kestrel-partners-and-premier-miton-group-subscribe-in-amino-technologies-placing/412988611
- Published: 2021-05-13T09:03:36+01:00
- Author: Giles

**Amino Technologies plc** ([LON:AMO](https://www.directorstalkinterviews.com/company/amino-technologies-plc/afrn.l)),
a software-led global media technology company that delivers modern TV experiences,
has announced that further to the announcement made earlier today, the Company has
raised total gross proceeds of approximately £9.4 million through the Placing of
6,714,286 new Ordinary Shares at a price of 140 pence per Placing Share. The Placing
Shares represent approximately 8.6% of the Company’s current issued share capital.

**Related Party Transactions**

**Kestrel Partners LLP** has agreed to subscribe for 1,469,757 Placing Shares. Kestrel
is deemed to be a related party company for the purposes of the AIM Rules by virtue
of its status as a substantial shareholder holding 10% or more of the existing Ordinary
Shares. 

**Premier Miton Group plc** has agreed to subscribe for 1,178,571 Placing Shares.
Premier Miton is deemed to be a related party company for the purposes of the AIM
Rules by virtue of its status as a substantial shareholder holding 10% or more of
the existing Ordinary Shares.

The Board considers, having consulted with the Company’s nominated adviser, finnCap,
that the terms upon which Kestrel and Premier Miton are participating in the Placing
are fair and reasonable insofar as the Company’s shareholders are concerned.

**Total Voting Rights**

Application has been made for the admission of the Placing Shares to trading on 
the AIM market of London Stock Exchange plc. It is expected that Admission will 
take place at or around 8.00 a.m. (London time) on 17 May 2021. The Placing Shares
will, when issued, be credited as fully paid and will rank pari passu in all respects
with the Company’s existing issued Ordinary Shares.

On Admission, the Company will have 84,783,857 Ordinary Shares in issue. There are
1,778,725 Ordinary Shares held in treasury. Therefore the total number of voting
rights in the Company is 83,005,132. This number may be used by shareholders as 
the denominator for the calculation by which they may determine if they are required
to notify their interest in, or a change in their interest in, the share capital
of the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Amino Technologies plc is a software-led, global Media Technology company. It delivers
modern TV experiences, the way viewers want them. They do this by creating the solutions
that Pay-TV operators, broadcasters and content owners need to make it easy for 
people to connect to the TV and video they love.

Its end to end solutions, offer the best of both worlds: video on demand and live
TV.  By placing all TV and video streaming content in one place, Pay-TV operators,
broadcasters and media owners can stay ahead of evolving viewer demand by providing
smarter, more cost-effective ways of delivering modern TV and video experiences 
to consumers. 

The company has two operating companies: 24i, which focusses on streaming video 
experiences and Amino, which connects Pay-TV to streaming services. The two complementary
companies combine their products and services to create solutions which ensure that
people can consume TV and video how and when they want it. These solutions deliver
modern TV and video experiences every day to millions of viewers globally, via a
growing global customer base of over 500 service providers.

Share on: