London, 21st of January 2013
TANGIBAL GROUP PLC
("Tangibal", "Company" or "Group")
"Network expansion in premier India shopping malls and Issue of new shares in Tangibal Group Plc at £1.00 or €1.20 per share"
The Tangibal Board is delighted to announce the successful installation of digital advertising screens in two of India's premier shopping malls.
The company installed screen networks in Ambience Mall Gurgoan and Ambience Mall Vasant Kunj, both are in Delhi. These two malls cover more than 3 million square feet of retail space and host more than 40 million consumers per year.
The installations are part of a Pan India roll-out of 1,000 screens with major developers such as DLF Group (India's largest construction company) Inorbit Malls, Ambience Malls, R-City and Oberoi Mall.
Media sales are handled by Blue Ocean Outdoor Media. Tangibal receives a minimum guarantee payment of £1,600 per screen per year or £1,600,000 (million per annum) for a fully rolled out network.
Following the successful completion of the acquisition of Infotech Digital Ltd and the share consolidation, the company is pleased to announce that it has issued new shares in Tangibal Group Plc at £1.00 per share or €1.20.
Following the restructure, the Company had a number of shares in Treasury and these were offered to existing shareholders at £1.00 per share. The company can confirm a number of shareholders have invested at this new price showing continued support for the Group and the future of the business.
Tangibal Group PLC
Dominic Brookman (Chairman and CEO)
02078517080
Dominic Berger, (Commercial Director)
0207 754 0459
www.tangibal.com
distributed by
|