Gert Rieder, Exec Chairman + Richard Baker, Non Exec Director of Falcon Media House (LON:FAL)
Falcon, the international media group focused on the over-the-top ('OTT') video streaming market, is pleased to announce its shares have commenced trading on the London Stock Exchange's ('LSE') Main Market under the ticker FAL.
In conjunction with commencement of trading, the Company has raised £4 million, before expenses, through a Placing of new Ordinary Shares at 25p each. The funds will be used to transform Falcon into a leading OTT broadcast media company based around Q-Flow, the Company's revolutionary software, which is proven to prevent the frequent loss of signal or 'buffering' that currently affects the OTT video streaming market. Shard Capital Partners LLP acted as Joint Broker on the Placing together with Nuovo Capital LLP, which is also the Company's Financial Adviser. #FAL #Falcon #Media #House