Release of Shares from Voluntary Escrow
Released
Released
Announcement PDF
24 August, 2023
ASX Announcement
Release of Shares from Voluntary Escrow
In accordance with ASX Listing Rule 3.10A, Ai-Media Technologies Limited (“AiMedia” or the “Company”) (ASX: AIM) advises that a total of 28,203,408 fully paid
ordinary AIM shares will be released from voluntary escrow on 1 September 2023.
23,326,736 are held by certain Founders, Directors, senior management,
employees and the vendor of the ACS business. Of these shares being released
from voluntary escrow, the Company’s two largest shareholders, being Tony
Abrahams (Co-Founder and CEO), and Deanne Weir (Chair), have each advised the
Board that they do not intend to sell any AIM shares until, at the earliest, after the
announcement of the 1HFY24 results in February 2024.
4,876,672 shares to be released from voluntary escrow represent one third of the
total 14,630,017 shares issued to the vendors of the EEG business as partconsideration for the acquisition of the business. One third of those shares
(4,876,673) remains subject to voluntary escrow until at least 12 May 2024. Please
refer to ASX announcement dated 13 May 2021 and 30 May 2022.
This ASX announcement was authorised for release by the Board of Directors.
Ai-Media Technologies
Lisa Jones
Company Secretary
investorrelations@ai-media.tv
NWR Communications
Melanie Singh
Investor Relations
melanie@nwrcommunications.com.au
About Ai-Media
Founded in Australia in 2003, technology company AI-Media is a global leader in
live and recorded captioning, transcription and translation solutions. The
company helps the world’s leading broadcasters, enterprises and government
agencies ensure high accuracy, secure and cost-effective captioning via its AIpowered LEXI automatic captioning solution. LEXI captions are delivered to
millions of screens worldwide via AI-Media’s range of captioning encoders and its
iCap Cloud Network – the world’s largest, most secure caption delivery network.
Globally, AI-Media delivers over 9 million minutes of live and recorded media
monthly. AI-Media (ASX: AIM) commenced trading on the ASX on 15 September
2020.
+000 123 456 789
+000 123 456 789
EMAIL@AI-MEDIA.TV
WWW.AI-MEDIA.TV
2060
Level 1/103 Miller St,
North Sydney NSW
Access Innovation Media Pty Limited | ABN 49 105 924 490 | ACN 105 924 490
Share your feedback
Discover