Rightster RSS http://corp.rightster.com 1 1 1 1 1 1 1 1 1 1 Rightster Group plc - Issue of equity http://corp.rightster.com/investors-news/733/Rightster_Group_plc___Issue_of_equity 2015-09-01 Rightster Group plc

(“Rightster” or the “Company”)

 

Issue of equity

 

 

Further to the announcement made on 28 July 2015, the Company announces that, as a result of Viral Management Limited (“VML”) meeting key operational and strategic milestones since its acquisition, the earn-out conditions have been satisfied. As such, Rightster has allotted 6,203,922 new ordinary shares of 0.1 pence each in the Company to satisfy the £849,937.50 of vendor share consideration due to the former shareholders of VML (the “Consideration Shares”). The remainder of this deferred consideration due has been satisfied by the aggregate payment of £849,937.50 in cash to the former shareholders.

 

The number of Consideration Shares to be issued has been calculated based upon the average closing mid-price for ordinary shares for the 20 trading days prior to and including 28 August 2015, being 13.7 pence per Consideration Share. The Consideration Shares are being issued to satisfy the Company’s contractual obligations to the former shareholders of VML, pursuant to the Acquisition Agreement entered into between the Company and such former shareholders on 8 July 2014.

 

All former VML shareholders who are issued the Consideration Shares will be subject to lock-up agreements pursuant to which they will not be able to sell such shares (subject to customary carve-outs) during the period from the date of issue of such shares until 2 September 2016.  Any sale of earn-out ordinary shares between 2 September 2016 and 2 September 2017 will be subject to an orderly market arrangement and may only be made with the consent of Cenkos, the Company's NOMAD (subject to customary carve-outs).

 

An application has been made for the admission of the 6,203,922 Consideration Shares and it is expected that Admission will occur on 2 September 2015. Following the Admission, the total number of ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company with voting rights admitted to trading on AIM will be 367,616,752. The Consideration Shares will rank pari passu in all respects with the Company's existing shares in issue.  The Company does not hold any Ordinary Shares in Treasury.

 

The above figure of 367,616,752 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 


Patrick Walker, CEO, commented:

 

"The integration of Viral Management Limited (“VML”) has been successful in bringing Rightster increased social video management skills, licensing capability and brand knowledge, as anticipated. We’re pleased with the impressive performance of the VML team since acquisition, and confirm that the payment of this deferred consideration reflects the milestones that they achieved for the entire Company during this timeframe. Now that our teams are fully integrated, we look forward to reaping the rewards of our enhanced workforce in the remainder of 2015 and beyond."    

 

 

For further information visit www.rightster.com or please contact: 

 

Rightster Group plc

via Newgate

Patrick Walker, CEO

 

Niall Dore, CFO

 

 

 

Cenkos Securities plc

Tel: 020 7397 8900

Max Hartley/Mark Connelly (Nomad)

 

 

 

Newgate

Tel: 0207 653 9850

Robyn McConnachie/ Adam Lloyd

 

 

 

 

About Rightster Group plc

 

Founded in 2011, Rightster is already the number one global multi-platform network for digital video. Rightster’s cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster’s network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.

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Rightster Group plc - Rightster partnership update http://corp.rightster.com/investors-news/732/Rightster_Group_plc___Rightster_partnership_update 2015-08-10 Rightster Group PLC

("Rightster" or the “Company”)

 

Rightster partnership update:

Rightster partners with major Facebook star and expands European YouTube talent roster.

 

Rightster Group plc (LSE AIM: RSTR), the digital video distribution and monetisation network, today announces a new partnership with one of the most influential Facebook video creators, Jack Jones TV, and five new partnerships with YouTube video creators, with the aggregated social following of over 9.5 million.

 

Jack Jones is one of the most popular Facebook stars making original video for the platform today, with 2.4 million Facebook page likes and his highest-ranking video achieving 13 million views to date.  The new partnership through celebrity talent booking agency Big Talent, is the first Facebook talent addition to the Rightster influencer network as the company continues to grow and strengthen its platform-agnostic approach. As part of the partnership, Rightster will supply multi-platform distribution services, audience development support and online video expertise for Jack Jones TV as it expands onto platforms like YouTube. In addition, Rightster will connect Jack Jones TV with its network of partners for brand deals to build the Jack Jones TV online presence.

 

Jack Jones, comments: “I’m thrilled to have joined the Rightster network and to be working together with the team to help me develop my YouTube channel.”

 

Patrick Walker, CEO at Rightster, adds: "Jack Jones is a phenomenal talent who has built up a huge following in a short space of time on Facebook, the fastest growing video platform. We’re impressed with how quickly he has established his brand and are delighted that our first Facebook-native partnership is with such an influential figure.”

 

Rightster also announces the expansion of its YouTube talent network in Europe including two new partnerships with Spanish YouTube creators Alvaro Kruse, one of the most popular male beauty vloggers in Spain, and MrGranBomba, whose fast growing channel of pranks and hidden camera comedy is a great addition to the Rightster influencer network. Furthermore, Rightster has signed agreements with three popular French creators: lifestyle and beauty vlogger Eimadolly, gamer Wartek, and short-film creator MrAntoineDaniel. The partnerships include Rightster managing digital video strategy, brand partnerships and audience development for the creators’ channels.

 

ENDS

 

For further information visit www.rightster.com or please contact: 

Rightster Group plc

via Newgate

Patrick Walker, CEO

 

Niall Dore, CFO

 

 

 

Cenkos Securities plc

Tel: 020 7397 8900

Max Hartley/Mark Connelly (Nomad)

 

 

 

Newgate

Tel: 0207 653 9850

Tim Thompson/ Robyn McConnachie

 

 

About Rightster Group plc

 Founded in 2011, Rightster is already the number one global multi-platform network for online video. Rightster’s cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster’s network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.

 

 

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Rightster Group plc - Issue of equity http://corp.rightster.com/investors-news/731/Rightster_Group_plc___Issue_of_equity 2015-08-04 Rightster Group plc

(“Rightster” or the “Company”)

 

Issue of equity

 

Further to the announcement made on 28 July 2015, the Company announces that it has allotted 137,908,172 new ordinary shares of 0.1 pence each in the Company in respect of the approximately £20.7 million of vendor consideration due to the former shareholders of Base79 Limited (the “Consideration Shares”).  The number of Consideration Shares to be issued has been calculated based upon the average closing mid-price for ordinary shares for the five trading days prior to 4 August 2014 being 15 pence per Consideration Share. The remaining £3.6 million (net of certain required deductions for PAYE income tax and National Insurance Contributions) will be settled in Q4 2015 by a further issue of new ordinary shares by the Company. The Consideration Shares are being issued to satisfy the Company’s contractual obligations to the former shareholders of Base79 Limited pursuant to the Acquisition Agreement entered into between the Company and such former shareholders on 8 July 2014.

 

All former Base79 shareholders who are issued the Consideration Shares will be subject to lock-up agreements pursuant to which they will not be able to sell such shares (subject to customary carve-outs) during the period from the date of issue of such shares until 12 November 2015.  Any sale of earn-out ordinary shares between 12 November 2015 and 1 June 2016 will be subject to an orderly market arrangement and may only be made with the consent of Cenkos, the Company's NOMAD (subject to customary carve-outs).

 

The shareholders of Base79, other than MMC, TCG and Media Partners Base79 Holdings LLC, are presumed to be acting in concert, however it is open to them to seek to rebut this position with the Panel in the future.

 

An application has been made for the admission of the 137,908,172 Consideration Shares and it is expected that Admission will occur on 5 August 2015. Following the Admission the total number of ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company with voting rights admitted to trading on AIM will be 361,412,830. The Consideration Shares will rank pari passu in all respects with the Company's existing shares in issue.  The Company does not hold any Ordinary Shares in Treasury.

 

The above figure of 361,412,830 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

As part of the payment of this contractual deferred consideration, Patrick Walker, a former shareholder of Base79 Limited and the Company’s Chief Executive Officer, will be issued 2,738,154 Consideration Shares. Following this transaction Patrick Walker will be interested in 2,993,709 Ordinary Shares, representing 0.83 per cent. of  the enlarged issued share capital of the Company.

 

Following the allotment and issue of the aggregate number of Consideration Shares and based on notifications provided on behalf of the relevant former shareholders of Base79 Limited, the following former shareholders of Base 79 will have notifiable interests as set out below:

 

Shareholder

Date of disclosure

Date of deal

Number of Ordinary Shares held

Percentage of enlarged issued ordinary share capital*

TCG LLC

4 August 2015

5 August 2015

31,271,201

8.65

Ashley MacKenzie

4 August 2015

5 August 2015

20,734,566

5.74

MMC GP Ltd

4 August 2015

5 August 2015

18,757,177

5.19

Kelvin MacKenzie**

4 August 2015

5 August 2015

12,660,397

3.50

Mainspring Nominees (2) Ltd

4 August 2015

5 August 2015

12,215,141

3.38

Richard Mansell

4 August 2015

5 August 2015

11,174,034

3.09

 

* assumes the admission of the Consideration Shares

** aggregates the holdings of Kelvin MacKenzie and Talkco Ltd, a company controlled by Kelvin MacKenzie

 

For further information visit www.rightster.com or please contact: 

 

Rightster Group plc

via Newgate

Patrick Walker, CEO

 

Niall Dore, CFO

 

 

 

Cenkos Securities plc

Tel: 020 7397 8900

Max Hartley/Mark Connelly (Nomad)

 

 

 

Newgate

Tel: 0207 653 9850

Tim Thompson/ Robyn McConnachie

 

 

 About Rightster Group plc

 

Founded in 2011, Rightster is already the number one global multi-platform network for online video. Rightster’s cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster’s network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.

 

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Rightster Group plc - Announces partnership with Procter & Gamble in Asia Pacific http://corp.rightster.com/investors-news/730/Rightster_Group_plc___Announces_partnership_with_Procter___Gamble_in_Asia_Pacific 2015-08-04 Rightster Group PLC

("Rightster" or the “Company”)


Rightster partners with Procter & Gamble in Asia Pacific to launch two new digital video campaigns for SKII

 

Rightster Group plc (LSE AIM: RSTR), the digital video distribution and monetisation network, today announces a partnership with Procter & Gamble (“P&G”) in Asia Pacific. As part of the partnership, Rightster has launched two digital video campaigns, working with YouTube and other social media talent, for P&G’s SKII skincare range.

 

The #ChangeDestiny campaign enlisted nine online influencers who each created and organically distributed video content around the ‘Destiny Changing’ challenges they have overcome in their lives. Rightster leveraged its international network of influencers to source a mix of mainstream stars and popular vloggers from Hong Kong, Taiwan, China, United States, Philippines and Australia. They each created a video and then tagged their fans or other influencers, encouraging them to also tell their #ChangeDestiny story. The influencers’ videos were uploaded to their own YouTube or Youku channels and distributed via a number of social networks, including Facebook, Twitter and Instagram.  The campaign is targeted at South-East Asia, Japan, Korea and Greater China, and the influencers’ videos are live now on the SKII YouTube channel.

 

For the second campaign, Rightster sourced four popular vloggers from Australia, Singapore and Japan to create and distribute videos that highlighted the benefits of SKII’s Facial Treatment Essence and Mid-day and Mid-night Miracle Essence sprays through “A day in my life” stories. The four videos, an example of which can be viewed here, have already received hundreds of thousands of organic views to-date.

 

Patrick Walker, CEO at Rightster, comments: “After partnering with P&G on social influencer campaigns in India and France, we're thrilled to extend our relationship to Asia Pacific. P&G is a truly forward thinking company that understands the benefit of digital first collaboration and experimentation with social media stars on YouTube and other emerging video platforms.”

 

In June, Rightster announced two new deals with P&G. The P&G brand Vicks India partnered with Rightster to run a Father’s Day campaign, promoting Vicks VapoRub using User-Generated Content. The Company also announced its partnership with P&G in France to promote their new Tampax Compak Pearl campaign, using the popular French YouTube vloggers “Caroline et Safia”. See entire release here.

 

For further information please contact:

 

Rightster Group plc

 

Patrick Walker CEO or Niall Dore, CFO

 

 

 

via Newgate

 

Cenkos Securities plc                                                                               

 

Tel: 020 739 78900

Max Hartley /Mark Connelly (Nomad)

 

Newgate                                                                    

Tel: 0207 653 9850

Tim Thompson/Robyn McConnachie/Lois Engstrand

 

 


About Rightster Group plc

 

Founded in 2011, Rightster is already the number one global multi-platform network for online video. Rightster’s cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster’s network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.


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Rightster Group plc - Announces H1 Trading Update http://corp.rightster.com/investors-news/728/Rightster_Group_plc___Announces_H1_Trading_Update 2015-07-28 Rightster Group plc
(“Rightster”, the “Group”, or the “Company”)

 

Trading Update

 

 

Rightster Group plc (LSE AIM: RSTR), the digital video distribution and monetisation network, today provides an update on trading during the first six months of its financial year to 30 June 2015, together with a business update.

 

The Company continues to show strong growth across the business with unaudited Net Revenue in H1 2015 reaching approximately £7.0m, an increase of 268% from H1 2014. Management have identified further cost savings in the form of additional headcount reductions and an earlier closure of the Company’s technology office in Bangalore. This takes the Company’s annualised cost savings from £3m (as announced in February) to an estimated £5m.

 

Online video traffic has shown encouraging growth during the period, with average monthly video views for H1 2015 totalling 1.6bn, an uplift of 331% from H1 2014. By the end of June, the Company’s total subscribers reached 85 million, up 41% since December, 2014.

 

Rightster has secured some high-profile deals throughout the period, including a content partnership with Spotify, international brand deals with Proctor & Gamble and a partnership with Universal Pictures International which utilised the Company’s network on YouTube, Instagram, Facebook and Snapchat. The Company has also launched “Canvas”, a multi-channel network (MCN) for the arts this month with 14 partners so far, including Sadler’s Wells and Southbank Centre. “Canvas” (www.youtube.com/CanvasArts) is the first project to be rolled out as part of the £1.8m Arts Council relationship announced in September 2014.

 

Additionally, growth in Asia Pacific has been strong for the Company in H1 2015, with deals being secured with brands such as Heineken and GlaxoSmithKline, as well as the leading publisher, Pedestrian TV.

 

The Company is also pleased to announce the appointment of Shiv Bhaduri as Chief Product Officer. Shiv brings over 15 years’ experience in product leadership roles across the digital and financial industries including GM of Media WEVE, and director of Products and Innovation at AOL.


Patrick Walker, CEO of Rightster, commented:I am delighted with the significant progress the Company has made in the past six months. The management team has been able to demonstrate the strategic rationale behind the acquisitions last year through both substantial cost synergies and exploiting the revenue opportunities.”

 

Base79 Earn-out

 

As reported previously, the deferred element of consideration payable for the acquisition of Base79 is due to be paid in H2 2015.  As a result of certain earn-out conditions being satisfied, the Company has agreed to a total consideration of £24.3m.  The first portion of this consideration of £20.7m will be settled by way of an issue of new ordinary shares by the Company to the vendors on or around 4 August 2015.  The remainder of £3.6m (net of certain required deductions for PAYE income tax and National Insurance Contributions) will be settled in Q4 2014 by a further issue of new ordinary shares by the Company.  The price at which new ordinary shares will be issued to satisfy the earn-out will be a price per ordinary share equal to the average closing mid-price for ordinary shares (as shown in the Daily Official List of the London Stock Exchange) for the five trading days prior to the date of payment of the first portion of the earn-out.  All former Base79 shareholders who are issued new ordinary shares to satisfy the earn-out will be subject to lock-up agreements pursuant to which they will not be able to sell such shares (subject to customary carve-outs) during the period from the date of issue of such shares until 12 November 2015.  Any sale of earn-out ordinary shares between 12 November 2015 and 1 June 2016 will be subject to an orderly market arrangement and may only be made with the consent of Cenkos, the Company’s NOMAD (subject to customary carve-outs). 

 

Except for MMC, TCG and Media Partners Base79 Holdings LLC, the former shareholders of Base79 who are entitled to receive the earn-out are acting in concert for the purposes of the Takeover Code.

 

 

ENDS

 

 

For further information visit www.rightster.com or please contact: 

 

Rightster Group plc

via Newgate

Patrick Walker, CEO, Niall Dore, CFO

 

 

 

Cenkos Securities plc

Tel: 020 7397 8900

Max Hartley/Mark Connelly (Nomad) / Julian Morse (Sales)

 

 

 

Newgate

Tel: 020 7653 9850

Tim Thompson/Robyn McConnachie/Lois Engstrand

 

 

 

About Rightster Group plc

 

Founded in 2011, Rightster is already the number one global multi-platform network for online video. Rightster’s cloud-based software and services platform makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licenced, ad-funded, direct to consumer or paid placement basis. Rightster’s network stands at over 2,500 Content Owners and over 10,500 Publishers, managed by global and local teams in 13 offices across North America, Europe and Asia Pacific.

 

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Rightster launches its latest community, Canvas, an online destination dedicated to the arts http://corp.rightster.comhttp://bit.ly/1DLbWr2 2015-07-24 Rightster, the global multi-platform network for digital video, today unveils a new online destination, Canvas, to unlock the true potential of digital video content for the arts. Canvas brings together artists and arts organisations to showcase their work to ‘Millennials’, in a format and tone that engages with this younger audience.

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Rightster launches its latest community, Canvas, an online destination dedicated to the arts http://corp.rightster.com/news/727/Rightster_launches_its_latest_community__Canvas__an_online__destination_dedicated_to_the_arts 2015-07-24 Launch partners include Southbank Centre and Sadler’s Wells


24.07.15 Rightster, the global multi-platform network for digital video, today unveils a new online destination, Canvas, to unlock the true potential of digital video content for the arts. Canvas brings together artists and arts organisations to showcase their work to ‘Millennials’, in a format and tone that engages with this younger audience.

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Here’s How People Make Money From Viral Videos http://corp.rightster.comhttp://time.com/3956080/viral-videos-money/ 2015-07-14 Sure, your kitten is cute. But can he help pay the rent? Andy Warhol famously introduced the idea that someday everyone would be world famous for 15 minutes. But if the pop artist had lived long enough to watch some web videos, you have to think he’d change his timeframe to 15 seconds. That’s because everyone from pet owners to parents are looking to cash in viral videos these days.

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Do the Rightster thing http://corp.rightster.comhttp://www.c21media.net/screenings/c21tv/do-the-rightster-thing 2015-07-13 THE C21 INTERVIEW: Patrick Walker, CEO of UK-based multichannel network Rightster, tells C21TV how the company has evolved since buying out fellow MCN Base79 and social video specialist Viral Spiral.

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One to watch: Meet Rightster, the tech company that's worked with the biggest YouTube stars http://corp.rightster.comhttp://www.londonlovesbusiness.com/10627.article 2015-07-07 Rightster simplifies the distribution and monetisation of online video bringing together content owners, creators, brands and publishers, helping them build and engage audiences online.

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