HOLDING IN COMPANY
SyQic (AIM: SYQ), a fast-growing provider of live TV and on-demand video content across mobile and internet enabled consumer devices, announces that it was notified today that, following the Company’s recent roadshow and in response to institutional and other demand, Emanuele Angelidis has today sold all of his 2,158,771 ordinary shares in SyQic. As a result of this disposal, Mr Angelidis no longer has a notifiable interest in the Company.
SyQic’s CEO, Jamal Hassim, states: “We are pleased to note the strong demand for shares in SyQic and welcome new investors. The Company also expresses its gratitude to Mr Angelidis for his longstanding commitment to SyQic, having been a long-term pre-IPO investor, and for his support, advice and guidance. The SyQic Team and I wish him well for the future.”
For further information:
Jamal Hassim, Group Chief Executive OfficerTel: +44 (0) 20 7933 8780
Steve Elliff, Chief Financial Officerwww.syqic.com
Allenby Capital Limited
Alex Price / Jeremy PorterTel: +44 (0) 20 3328 5656
Walbrook, Financial PR and IR
Guy McDougallTel: +44 (0) 20 7933 8790
Notes to Editors:
SyQic is a fast growing provider of live TV and on-demand video content across mobile and internet enabled consumer devices. Incorporated in Jersey and headquartered in the UK, it has a significant service footprint in Singapore, Indonesia and Malaysia.
The Group launched its new Korean content service called “Cool2vu” in Malaysia, Singapore and Indonesia in January 2015 streaming high demand Korean content utilising an advertising revenue model. The service has since been expanded to include Europe, South America, Central America, India and the Philippines.