9-17-13 2:11 AM EDT | Email Article

LOS ANGELES and WILMINGTON, Del., Sept. 17, 2013 (GLOBE NEWSWIRE) -- DDD Group plc (AIM:DDD) (OTCQX:DDDGY), the 3D solutions company ("DDD" or the "Company"), announces that on September 16 2013 it placed 7,039,760 ordinary shares of 1 pence each in the capital of the Company ("Placing Shares") with a wholly owned subsidiary of InterDigital, Inc. (Nasdaq:IDCC) at a placing price of 8.175 pence per share raising approximately £575,500 (approx. US $915,000) before expenses (the "Placing") equivalent to the average closing mid-market price of 8.175 pence per share on the five days before 16 September 2013 (being the latest practicable date before this announcement).

The net proceeds from the Placing of approximately £568,500 (US $904,000) will allow the Company to continue to develop its business activities related to the HD and UHD video processing technologies recently announced by the Company.

The Placing Shares have been placed with InterDigital which has made this strategic investment at the same time as entering into a joint technology development agreement with DDD as separately announced today.

Following the issue of the Placing Shares, the Company's existing issued share capital has increased by 5% from 136,628,812 shares to 143,668,572 shares. In accordance with the requirements of the Disclosure and Transparency Rules, DDD's issued share capital as at 23 September 2013 will consist of 143,668,572 ordinary shares with a nominal value of £0.01 each, with voting rights. DDD does not hold any ordinary shares in Treasury; therefore, the total number of voting rights in DDD is 143,668,572.  143,668,572 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, DDD under the Financial Service Authority's Disclosure and Transparency Rules.

Application for the Placing Shares to be admitted to AIM has been submitted to London Stock Exchange, and it is expected that admission will take place on or around 23 September 2013.

Commenting on the Placing, Nicholas Brigstocke, Chairman of DDD, said:

"It is a pleasure to welcome InterDigital as a strategic investor in this placing, which validates the latest technologies that have been developed by our research and development team to address key requirements in the growing markets for streaming high definition and ultra high definition video content.
"The separate development agreement announced today with InterDigital provides the Company with a strong partner with whom we can further develop these new technologies."

About DDD

DDD transforms the visual experience by bringing 3D to the consumer. Its TriDef®3D solutions convert 2D to 3D automatically, and enable delivery to 3D TVs, PCs and mobile devices. Leading brands including Samsung, LG Electronics, Lenovo and Sony license these solutions. Over 33 million TriDef 3D products have been shipped by DDD's licensees worldwide. DDD's Yabazam® label delivers 3D everywhere with its online content portal and Smart TV apps. DDD's shares are quoted on the London Stock Exchange's AIM Market (AIM:DDD) and in the United States on the OTCQX® marketplace (OTCQX:DDDGY). For more information please visit www.DDD.com.

About InterDigital

InterDigital® develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. InterDigital solves many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S &P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

CONTACT: Michelle LaPaglia
         DDD
         mlapaglia@ddd.com
         310 566 3346
GlobeNewswire, Inc. 2013
Add a Comment

News   More...

Securities related to this article
InterDigital Inc View idcc Stock Quote
InterDigital Inc View idcc Stock Quote
 
Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/9/17 - DDD receives investment from InterDigital
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: DDD Group PLC: Half yearly results for six months to 30 June 2013  |  Next: DDD signs development agreement with InterDigital