Titania Internet Ventures plc
LSE : TITP

December 12, 2013 11:02 ET

Placing

12 December 2013

                                         TITANIA INTERNET VENTURES PLC
                                         ("Titania" or "the Company")
                                                       
                                                    Placing

Titania Internet Ventures Plc announces that it has today raised GBP 25,000 by way of a placing (the "Placing")
of  25,000,000  new ordinary shares of 0.1p each ("Ordinary Shares") at an issue price of 0.1  p  per  Ordinary
Share. The Directors intend to apply the proceeds of the Placing towards working capital.

The new Ordinary Shares issued in the Placing will rank pari passu in all respects with the existing fully paid
Ordinary  Shares. The new Ordinary Shares issued in the Placing and the existing Ordinary Shares each have  one
right to vote per share. Following the Placing the Company will have 99,366,332 Ordinary Shares in issue.

The  above  figure  may  be used by shareholders as the denominator for the calculations  by  which  they  will
determine  if  they are required to notify their interest in, or change to their interest in the Company  under
the FSA's Disclosure and Transparency Rules. The Company's total issued share capital is now GBP £99,366.33.

Midstone  Consulting Limited subscribed for the whole placing of 25,000,000 new ordinary shares of  0.1p  each.
Following  the  Placing,  Midstone  Consulting  Ltd now holds  27,924,154  Ordinary  Shares,  which  represents
27,924,154  voting rights.  Midstone Consulting Ltd's total holding now represents 28.10% of the voting  rights
in the enlarged issued ordinary share capital of the Company.

Mr  Hördur  Bender,  Non-Executive Director of the Company, continues to beneficially hold  4,355,000  Ordinary
Shares, which represents 4,355,000 voting rights.  After the dilution from the Placing, Mr Bender's holding now
represents 4.38% of the voting rights in the enlarged issued ordinary share capital of the Company.

Mr  Pasi  Marjanen, Managing Director of the Company continues to beneficially hold 7,412,571 Ordinary  Shares,
which  represents  7,412,571  voting rights. After the dilution from the Placing,  Mr  Marjanen's  holding  now
represents 7.46% of the voting rights in the enlarged issued ordinary share capital of the Company

The Directors of the Company accept responsibility for this announcement.

                                                   --ENDS--

Enquiries:

TITANIA INTERNET VENTURES PLC

Pasi Marjanen

Tel: +357 22 030470
pasi.marjanen@titaniaplc.com

SVS Securities plc - ISDX Corporate Adviser

Kulvir Virk

Tel: +44 (0)203 700 0100
kulvir.virk@svssecurities.com

Contact Information

  • Titania Internet Ventures plc