SAN FRANCISCO, CALIF.- Oct 15, 2010 - blinkx, the world's largest and most
advanced video search engine, is pleased to announce the successful completion
of the placing (the "Placing") announced earlier today.
A total of 23,213,763 new ordinary shares in blinkx (the "Placing Shares") have
been placed by Citigroup Global Markets U.K. Equity Limited, with new and
existing institutional shareholders (including Autonomy Corporation plc) at a
price of 84 pence per Placing Share (the "Placing Price"). Based on the Placing
Price, the gross proceeds of the Placing will be approximately GBP19.5 million
(US$31.2 million). The Placing Shares being issued represent approximately 7.0%
of the expected enlarged issued ordinary share capital of the Company.
The Placing Shares will, when issued, be credited as fully paid and will rank
pari passu in all respects with the existing ordinary shares of blinkx,
including the right to receive all dividends and other distributions declared,
made or paid after the date of issue.
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