(ZMNO) Zamano
Summary
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| 23-12-11 | RNS |
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RNS Number : 6217U Zamano PLC 23 December 2011 zamano plc 23 December 2011
zamano plc ("zamano" or the "Company") - Amended Bank Facility Letter
zamano plc, a leading provider of interactive applications and services to mobile devices, has amended the terms of its existing loan facility letter with Bank of Scotland plc (the "Bank") (the "Amended Facility Letter"). The Amended Facility Letter amends certain terms of the facility letter between the Company and the Bank dated 23 November 2007 (which was previously amended on 31 December 2010) and, inter alia, contains updated covenants (including revised quarterly covenant tests) and a revised capital repayment schedule which reflect the current trading of the Company.
The revised capital repayment schedule is as follows:
The Board believes that the Amended Facility Letter provides the Company with the financial flexibility required to pursue its current growth strategy.
Contacts zamano plc Pat Landy, Non-Executive Director Michael Connolly, Company Secretary Tel: +353 1 554 7200
NCB Corporate Finance Conor McCarthy / Shane Lawlor Tel: +353 1 611 5100
Cenkos Securities Jon Fitzpatrick Tel: +44 (0) 20 7397 8900 Alan Stewart Neil McDonald Tel: +44 (0)131 220 6939
ENDS This information is provided by RNS The company news service from the London Stock Exchange More |
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| 06-12-11 | RNS |
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RNS Number : 4696T Zamano PLC 06 December 2011 zamano plc 6 December 2011
zamano plc ("zamano" or the "Company") - Services Agreement & Related Party Transaction
On 21 October 2011, the Company announced increased subscriber acquisition rates during September and October 2011, delivering a significant uplift in current and future revenues. The increased subscriber acquisition rates arose from increased investment in web and mobile marketing and the Company is looking to build upon this progress by continuing to invest in this channel. The Board of the Company has considered a range of options for maintaining this increased investment and, accordingly, on 6 December 2011, zamano entered into a services agreement with Mr. Nick Furlong (the "Services Agreement"). Mr Furlong is a director of Pageant Holdings Limited ("Pageant") and Mr. Furlong's family are the beneficial owners of Pageant, which holds 24.02% of the issued ordinary share capital of the Company, and accordingly is a related party of the Company for the purposes of Rule 13 of both the AIM Rules of the London Stock Exchange and the ESM Rules of the Irish Stock Exchange. Mr. Furlong separately holds 149,000 ordinary shares in the Company in his pension.
Under the terms of the Services Agreement, zamano will provide, inter alia, advertising content, placement, management and monitoring services to Mr Furlong in relation to online advertising space that he will acquire from an independent advertising broker. zamano will be responsible for collecting all subscription revenues arising in relation to the advertising space and these revenues will be shared between the Company and Mr. Furlong as follows:
· Mr. Furlong shall receive 80% of all subscription revenues arising from the advertising space until such time as he has received an amount equivalent to 130% of the cost of acquiring the advertising space (the "Agreed Return"). In the event that 80% of the total subscription revenues arising from the advertising space are less than the Agreed Return, there is no obligation on the Company to underwrite any shortfall to Mr. Furlong; and
· Until such time as Mr. Furlong has received the Agreed Return, the Company shall receive 20% of all subscription revenues arising from the advertising space. Thereafter, the Company shall be entitled to all additional revenue arising from the advertising space.
The Service Agreement is for an initial period of three months ending on 5 March 2012. Under the terms of the Service Agreement Mr. Furlong has committed to acquire advertising space up to an amount of €200,000 per month from an independent advertising broker. The exact amount of advertising space to be acquired will be determined by the number of subscribers received from the advertising broker and there is no minimum amount that is required to be spent in any month.
The Board of Directors believe that the Services Agreement provides the Company with an opportunity to maintain its recent revenue momentum while, at the same time, reducing business risk. The Company is also in discussions with additional third parties, who are not related parties, in relation to similar arrangements.
The Board of Directors, having consulted with both its ESM Adviser (NCB Corporate Finance) and its Nominated AIM Adviser (Cenkos Securities), believes that the terms of the Services Agreement are fair and reasonable insofar as the shareholders of the Company are concerned.
zamano plc Pat Landy, Non-Executive Director Michael Connolly, Company Secretary Tel: +353 1 554 7200
NCB Corporate Finance Conor McCarthy / Shane Lawlor Tel: +353 1 611 5611
Cenkos Securities Jon Fitzpatrick Tel: +44 (0) 20 7397 8900 Alan Stewart Tel: +44 (0)131 220 6939 This information is provided by RNS The company news service from the London Stock Exchange More |
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| 24-11-11 | RNS |
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RNS Number : 7507S Zamano PLC 24 November 2011 zamano plc 24 November 2011
zamano plc ("zamano" or the "Company") - Holdings in Company
This announcement is made pursuant to Rule 17 of both the AIM Rules of the London Stock Exchange and the ESM Rules of the Irish Stock Exchange.
On 24 November 2011 the Company was informed by Pageant Holdings Limited ("Pageant") that Pageant had acquired 129,756 ordinary shares in the Company and that, following this acquisition, it is now the beneficial owner of 23,085,177 ordinary shares in the Company representing approximately 24.02% of the entire issued ordinary share capital of the Company. In addition, Nick Furlong, a director of Pageant, separately holds 149,000 ordinary shares in the Company in his pension.
zamano plc Michael Connolly, Company Secretary Tel: +353 1 554 7200
NCB Corporate Finance Conor McCarthy / Shane Lawlor Tel: +353 1 611 5611
Cenkos Securities Jon Fitzpatrick Tel: +44 (0) 20 7397 8900 Alan Stewart Tel: +44 (0)131 220 6939 This information is provided by RNS The company news service from the London Stock Exchange More |
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| 27-10-11 | RNS |
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RNS Number : 9655Q Zamano PLC 27 October 2011 zamano plc
27 October 2011
zamano plc ("zamano" or the "Company") - Holdings in Company
This announcement is made pursuant to Rule 17 of both the AIM Rules of the London Stock Exchange and the ESM Rules of the Irish Stock Exchange.
On 26 October 2011 the Company was informed by Pageant Holdings Limited ("Pageant") that, on 24 October 2011, Pageant had acquired a total of 2,630,600 ordinary shares in the Company and that, following this acquisition, it is now the beneficial owner of 22,955,418 ordinary shares in the Company representing approximately 23.88% of the entire issued ordinary share capital of the Company.
zamano plc Michael Connolly, Company Secretary Tel: +353 1 554 7200
NCB Corporate Finance Conor McCarthy / Shane Lawlor Tel: +353 1 611 5100
Cenkos Securities Jon Fitzpatrick Tel: +44 (0) 20 7397 8900 Alan Stewart Tel: +44 (0)131 220 6939 This information is provided by RNS The company news service from the London Stock Exchange More |
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| Result Pages: 1 | ||||
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| 13-10-11 | ||||
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Equity Development
Championing Smaller Companies MOBILE SOFTWARE & SERVICES Thu, Oct 13, 2011 at 6:43 PM http://www.first-columbus.com/research/first_columbus_mobile_software_and_services_sept_2011.pdf In accordance with our long-held belief in making top quality Equity Research available to the entire spectrum of investors, we are delighted to share with our readers the following major reference note produced by our friends at the leading financial services firm, First Columbus: MOBILE SOFTWARE & SERVICES Extending to well over 200 pages, this note analyses how the rapid increases in mobilehandset processing power, mobile penetration and the increasing commoditisation of network operators services has created a need for new mobile software and services which help push mobile forward as a key channel for much more than voice only services. The fact that mobile is evolving so rapidly means that many ideas seen as ambitious but a few years ago are now readily accepted and indeed taken for granted. As the industry has reached a point of critical mass, so should mobile software and service providers be able to benefit from: Increasingly advanced devices with much greater processing power, notably smartphones and tablet PCs Vastly improved network capabilities The ubiquitous nature of the mobile, and Mobile Network Operators need to capture more of the value chain: new technologies and services can help spur data demand. As well as illustrating these themes, there is also comment on relevant companies such as: Bango, eServGlobal, Monitise, Parseq, 2ergo, InternetQ, Emblaze, Globo, Artilium, Mobile Streams and Zamano. Please note that as this report was published in September there have been some newsworthy industry and company developments since. NOTE NOW ON EQUITY DEVELOPMENT WEBSITE or CLICK HERE FOR FULL NOTE FOLLOW US ON TWITTER If you would like any further information please contact us on: Tel - 020 7065 2690 Email - info@equitydevelopment.co.uk. Website - www.equitydevelopment.co.uk |
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| 30-01-11 | ||||
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Me tooo!
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| 09-01-11 | ||||
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Will not get many speculative buyers with that spread. Was interested but put off by the spread! gla.
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| 18-11-10 | ||||
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Hi,
I'm starting to research these, not got very far. Who's their competition? |
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They have not been approved or issued by Interactive Investor Trading Limited.
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