Cambridge, UK - 22 May 2007 - Blinkx plc ("Blinkx" or the "Company") is pleased to announce the admission to AIM and commencement of dealings of its 197,232,443 Ordinary Shares of £0.01 each under the ticker BLNX.L at 08:00 this morning.
The Blinkx business was founded in 2004, bringing Autonomy Corporation Plc's video and audio analysis technology into the consumer internet space. Blinkx has been demerged from Autonomy Corporation by way of a dividend in specie. The Company has also announced the successful outcome of a placing to raise £25m this morning. The Placing Price was at the top end of the previously announced range and the Placing was oversubscribed. Dealings in the Placing Shares are expected to commence on 23 May at 8am.
Financial Media Contacts:
Edward Bridges/Haya Chelhot
+44 (0)20 7831 3113
Analyst and Investor Contacts:
Suranga Chandratillake, Chief Executive Officer
+1 (415) 848-2986
+44 (0)20 7986 8525
+44 (0)20 7986 0519
This announcement is not an admission document and investors should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the admission document (the "Admission Document") published by Blinkx plc in connection with the admission of ordinary shares (the "Ordinary Shares") in the capital of Blinkx plc to trading on the London Stock Exchange plc's AIM market (the "Admission"). Copies of the Admission Document are available from Blinkx plc's registered office.
Capitalised terms used in this announcement shall have the same meaning as in the Admission Document.
The contents of this announcement, which has been prepared by and is the sole responsibility of the Company, have been approved solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 by Citi of Citi Centre, Canada Square, London E14 5LB.
Citi which is regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Autonomy and Blinkx in relation to the Demerger and exclusively for Blinkx as global co-ordinator, nominated adviser and bookrunner in connection with the proposed application for admission of the Company's shares to trading on the AIM market of the London Stock Exchange plc and the Placing. Citi is not acting for any other person in connection with the Demerger and proposed application for admission to trading on AIM and the Placing and will not be responsible to any other person for providing the protections afforded to customers of Citi, or for advising any other person in connection with the Demerger, the Placing and proposed application for admission to trading on AIM.
The information contained herein is not for publication or distribution in the United States, Canada, Australia or Japan. This announcement does not constitute or form part of an offer to sell or issue, or any solicitation of an offer to buy or subscribe for any securities referred to herein. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, (the "Act") and may not be offered or sold, directly or indirectly, in or into the United States absent registration under that Act or an available exemption from it. The Company do not intend to register the securities or conduct a public offering in the United States.
Securities in Blinkx have not been and will not be registered under the applicable securities laws of Australia, Canada, or Japan and, absent appropriate exemptions may not be offered or sold within Australia, Canada, or Japan or to, or for the account or benefit of, citizens or residents of Australia, Canada, or Japan.
The distribution of this announcement and other information in connection, in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities and any purchase of or application for securities of the Company pursuant to the Placing should only be made on the basis of the information contained in the Admission Document. The price and value of securities may go up as well as down. Persons needing advice should contact a professional adviser.
Information in this announcement or any of the documents relating to the Placing cannot be relied upon as a guide to future performance.