UK: ASG Media Becomes Insetco, Raises £200,000
The Directors of ASG Media PLC have announced that the company’s name has been changed to Insetco PLC.
They also announced that “following the capital restructuring and Company Voluntary Arrangement that was approved by Shareholders on 1 April 2009, the company has secured a further £200,000 of additional funding from ADM Investor Services International Limited. ASG has issued a convertible zero coupon loan notes pursuant to a Convertible Unsecured Loan Note agreement dated 6 April 2010 with ADM, under which ADM subscribed for £200,000 Loan Notes.”
In the mean time, Ms. Rosalind Hutchinson has been appointed as Directors of ASG Media PLC, with immediate effect, whereas Jamie Ball, Managing Director, and Christian Vaglio-Giors, Non-executive Chairman (and CEO of Neo Media Group), are stepping down. Gary Truman, who is remaining on the Board, will become Chairman.
Categories : Ad-network, Ad-sales, Finances, Funding, Mall, United Kingdom




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