Bob Mobile Capital Increase

Rating: content might be making money, man

Bob Mobile is based in Dusseldorf, Germany and it’s a popular mobile content company pushing a plethora of adverts on MTV and VIVA. This new cash injection will allow expansion to strengthen the focus in the Netherlands, Greece and the Czech Republic. Trademarks of Bob Mobile are: PinkSim and Call4cash.

From the press release:
The management board of Bob Mobile AG has decided, with approval of the supervisory board, to use the existing authorised capital and to increase its capital through rights issue. The issue of upto 121,242 new individual bearer shares will take the company’s share capital from EUR 1,212,420 up to 1,333,662. Shareholders will be offered buying rights in the ratio 10:1. The rights may be exercised for a period of two weeks that will begin on 25/4/2007. The Issue Price of the new shares will be 5.25 euros. Rights may not be traded, there will be no compensation to shareholders who do not wish to exercise their rights. Shares not included in the rights issue will be taken up by the management and institutional investors.

Related News:

1. ZI BOARD OF DIRECTORS RECOMMENDS THAT SHAREHOLDERS REJECT NUANCE’S OFFER TO PURCHASE ZI SHARES AT US$0.40 PER SHARE
2. Chat with Bob Last Taptu Mobile Search– SVP Business Development
3. Zeetoo gets investment from Spanish VC firm Nauta Capital
4. Breakfast with Taptu’s Bob Last and digestive thoughts on Google, Vodafone, mobile search and more
5. Lunch with Steve Ives and Bob Last Taptu