Falcon, the international media group focused on the over-the-top (‘OTT’) video streaming market, announced its shares have commenced trading on the London Stock Exchange’s (‘LSE’) Main Market under the ticker FAL. In conjunction with the 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. We were there to document this event.
A representative of the London Stock Exchange welcomed Falcon to the market and Gert Rieder, the Executive Chairman presented a message of optimism for the future of the company. The LSE has a guest book containing the signatures from every company who has been listed in the last 200 years. Falcon added their contribution and went out to the atrium for some company photographs. Geof Todd – VP of Sales for Quiptel said a piece to camera and Gert Rieder was interviewed.
Sandip Sarda, Chief Executive Officer of Quiptel HK Ltd, said:
“We are delighted to have agreed to terms with Falcon Acquisitions at this stage of our exciting growth; the global OTT market has exploded in recent years, and we find that our vision and experience strongly resonates with the strategic objectives of Falcon Acquisitions and we look forward to working with Gert Rieder and his team to build a truly innovative global OTT broadcast platform business”.
Following the successful re-admission of its ordinary shares, the Company will be renamed Falcon Media House Limited, for which a further update will be provided in due course.