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Zinc Media ( (GB:ZIN) ) has issued an announcement.
Zinc Media Group plc announced a payment of £0.40 million to the vendors of The Edge Picture Co Limited following its strong trading performance and achievement of earnings targets. Part of this payment will be made in cash, while the remainder will be settled through the issuance of new ordinary shares. The new shares will be admitted to trading on AIM, increasing Zinc Media’s total ordinary shares to 24,687,210. The company’s CEO, Mark Browning, expressed satisfaction with The Edge’s performance and integration into the group, highlighting further growth opportunities.
More about Zinc Media
Zinc Media Group plc is a premium television and content creation group known for its award-winning and critically acclaimed television labels, including Atomic, Brook Lapping, Electric Violet, Raw Cut, Rex, Red Sauce, Supercollider, Tern Television, Tomas TV, and Bumblebee Post-Production. These labels produce a wide range of factual programs for UK and international broadcasters. The company’s commercial content creation unit includes The Edge Picture Company, a leading brand filmmaking company in the UK, and Zinc Audio, which specializes in podcasts and radio production.
YTD Price Performance: 21.36%
Average Trading Volume: 12,761
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £15.22M
For an in-depth examination of ZIN stock, go to TipRanks’ Stock Analysis page.