AppBox Media Plc Corporate Update - KAIT-Jonesboro, AR-News, weather, sports

AppBox Media Plc Corporate Update


This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.


Update on recent progress and developments

London, United Kingdom (PRWEB UK) 17 July 2014

The Board of AppBox Media, a UK based developer of mobile applications and video games, provided the market earlier today with an update on a series of key developments that progress the Company closer towards its vision of becoming one of world's leading game software developers.

Key Points

*Seed A (SEIS) and Seed B (EIS) Offer for Subscription, fully subscribed at £1 per Ordinary A Share of £1.

*Seed C (EIS) Offer for Subscription, scheduled to open on 25th July 2014 at 9AM, with a Subscription Price of £2.10 per Ordinary A Share of £1 ("New Shares"). The Company intends to raise approximately £787,500 from institutional and private investors, on the basis of a current Information Memorandum. These New Shares are to be credited as fully paid and will rank pari passu with the existing Ordinary A Shares.

The Board considers the price for the New Shares to be fair and reasonable insofar as the Company's shareholders are concerned.

*The Company is set to become revenue producing within the month of July 2014, with the launch of its new iOS7 and Android based mobile game, titled 'Frenzy Fox'; a freemium based app with social media connectivity and IAP integration.

Commenting on today's news, P Hassan, CEO, said: "We continue to grow the business and look forward to building a consistent delivery of innovative, high quality mobile applications and games in 2014."

For the original version on PRWeb visit:

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact

Powered by WorldNow

472 Craighead Co. 766
Jonesboro, AR 72401
(870) 931-8888

FCC Public File
(870) 336-1816
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KAIT. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.