MIRADA PLC: Conversion of Loan

26 February 2014 


                    mirada plc ("mirada" or "the Company")                     
                                  (AIM: MIRA)                                  
                              Conversion of Loan                               

mirada plc, the AIM-quoted audiovisual interaction specialist, announces that
it has received a notice from State Street Nominees Ltd ("State Street") for
the conversion of their remaining loan of £100,000 in respect of the 
£1,500,000
10 per cent. Convertible Secured Loan Stock 2015 (the "Convertible Loan"). It
is noted that State Street's interest is controlled by Webb Capital Asset
Management Ltd ("Webb Capital").

Under the terms of the Convertible Loan, which was announced on 23 March 2010,
the conversion price is equal to a 20% discount to the average closing
mid-market share price for the 10 business days preceding the date of the
conversion notice, subject to a minimum conversion price of 10 pence. The
£100,000 is therefore to be converted into 1,000,000 new ordinary shares of 1
penny each (the "Conversion Shares"), credited as fully paid at 10 pence per
share (the "Conversion").

Following the Conversion, Webb Capital will have the following interests in the
ordinary shares in the Company:
                                                     Number of    Percentage of
                                                        shares  enlarged issued
                                                               share capital of
                                                                        Company


                                                                           
Webb Capital                                         3,490,830            4.06% 
Following this conversion, the Company will have fully completed the repayment
of the Convertible Loan. Application has been made to the London Stock Exchange
for admission of the 1,000,000 Conversion Shares and Capitalisation Shares to
be admitted to trading on AIM. Admission is expected to occur on 3 March 2014. 
For the purposes of the Disclosure and Transparency Rules, mirada's total
issued share capital following the issue of the 1,000,000 New Ordinary Shares
consists of 86,057,695 ordinary shares of 1 penny each. 
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, mirada, under the Disclosure and
Transparency Rules. 
José Luis Vazquez, Chief Executive Officer of mirada, commented: 
"I am very glad to report the conversion of the outstanding balance of the
Convertible Loan, which has been fully cancelled during the last year, and 
further demonstrates strong support from our shareholders to the future of the
Company." 
                                 -END-                                      
Enquiries: 
mirada plc                                               +44 (0) 207 549 5678  
Jose Luis Vazquez, Chief Executive Officer                                      
                                                                           
Bishopsgate Communications                               +44 (0) 207 107 1890  
Nick Rome/Sam Allen                                                            
mirada@bishopsgatecommunications.com                                            
                                                                           
Cantor Fitzgerald Europe (Nominated Advisor & Broker)    +44 (0) 207 894 7000  
Mark Percy (Corporate Finance)                                                 
David Banks (Corporate Broking)                                                 
                                                                           
Peterhouse Corporate Finance (Joint Broker)              +44 (0) 207 469 0937  
Jon Levinson / Lucy Williams                                                    
About mirada 
mirada creates and manages services for digital TV platforms and broadcasters
which enable consumers to interact with and purchase digital content on
television, mobile, online and bespoke devices. mirada's products and solutions
are used worldwide to deliver interactive TV, Video on Demand, digital
marketing and payment services. Its products and services have been deployed by
some of the biggest names in digital media and broadcasting including Sky,
Virgin Media, BBC, ITV, France Telecom and Telefónica. Headquartered in 
London,
mirada has commercial offices across Europe and Latin America and operates
technical centres in the UK and Spain. For more information, visit
www.mirada.tv. 
END 
-0- Feb/26/2014 13:51 GMT
 
 
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