By Devika Patel
Knoxville, Tenn., Oct. 17 - Dori Media Group plc announced Daniel Stewart & Co has helped the company raise £4,235,550 in a private placement of shares.
The company sold 2,567,000 new ordinary shares at 165p apiece.
Proceeds will be used to support Dori Media's international expansion and finance new productions in Latin America, invest in new media platforms and launch new TV channels in suitable markets.
Based in London, Dori Media produces, distributes and broadcasts telenovelas, or serialized dramas, broadcast mostly in Latin American countries.
| Issuer: | Dori Media Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £4,235,550
|
| Shares: | 2,567,000
|
| Price: | 165p
|
| Agent: | Daniel Stewart & Co.
|
| Announcement date: | Oct. 17
|
| Stock symbol: | London: DMG
|
| Stock price: | 183p at close Oct. 16
|
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