DDD Group plc
Company Name:DDD Group plc Minimum fundraise:£ 0* High Share Price Bid:£ 0.01
Business Sector:Technology Total Funds Bid to Date:- Low Share Price Bid:£ 0.01
Auction period:01 Jun 2017 - 30 Aug 2017 Indicative Share Price:0.00p Average Share Price Bid:£ 0.01**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

Need help?
+44 (0) 207 248 2788

back

DDD Group plc

Interested in DDD Group plc ?
Register or log in to participate, create a watchlist, or set reminder

Company info

DDD Group is a leading developer and licensor of intellectual property in the advanced imaging market for consumer entertainment products. Today the Group delivers innovative ‘intelligent video’ software solutions for the video chat/conferencing, gamecasting/webcasting and social photography markets. These solutions include real time identification of the user from their webcam image that allows the user’s immediate background to be removed and replaced with alternate images such as live or recorded video game feeds or ‘selfie’ photographs. The software products are designed for the personal computer and mobile device markets and are delivered as Windows, OS X, Android and iOS downloadable apps.  The Group creates affiliate licenses with PC software developers and publishers in the target markets through which the Group’s software is marketed to end users. The Group shares part of the software license fee paid by the end users with the affiliate. In the mobile/tablet market, the Group publishes its software in app stores such as the Google Play Store and the app store operator collects a percentage of license fees and in-app purchases paid by end users of the app with the balance being paid to the Group by the app store operator.

The Group historically developed and licensed patent protected solutions for the 3D consumer market where its TriDef® 3D content technologies have been shipped in 56 million televisions, Blu-ray players, personal computers, smartphones and tablets. The Group’s 3D solutions have been licensed by leading consumer electronic brands including Samsung Electronics, LG Electronics, Sony Corporation and Lenovo. The Group licenses its TriDef 3D automatic 2D to 3D conversion solution directly to the 3D consumer product manufacturers (OEMs) and receives calendar quarterly royalties based on the number of products containing the licensed solution that the OEM has produced.

Consumer Software Products:

TriDef® Smartcam (video conferencing)                        www.tridef.com

TriDef® 3D

UPIX App (interactive photography)                         www.upixapp.com

Originally listed in 1994 on the Alberta Stock Exchange, which later became the Canadian Venture Exchange, DDD raised US$22 million between 1994 and 2001. In January 2002, DDD migrated its listing to the United Kingdom and simultaneously completed an IPO on the London Stock Exchange’s Alternative Investment Market (“AIM”), raising an additional US$10 million. Further periodic equity investment rounds have taken place since the IPO. At a meeting of shareholders held on 29 Jun 2016, the proposal to cancel the admission to trading on AIM was approved and the company ceased trading on AIM effective close of business 6 July 2016. Immediately following their withdrawal from the AIM stock market, a matched bargain facility was put in place to allow the continued trading in the shares via Asset Match. The Company remains a UK public limited company subject to the rules and regulations of the Companies Act 2006 as amended as well as The City Code on Takeover and Mergers.

DDD:                TriDef:                GENME: 


Auction details

DDD Group plc was admitted to trading on Asset Match on 7 July 2016 at a price of 0.1 pence per share (being the last closing price on AIM).

The first scheduled auction is due to close at 4pm on Wednesday, 27th July, followed by a second auction closing at 4pm on Wednesday, 31st August. Thereafter, auctions will revert to a quarterly calendar and close at 4pm on the last Wednesday of the months of November, February, May and August.

Participants can send orders via their existing broker or directly to The Share Centre. Further details can be found by clicking on the 'Auction instructions' section below.

Auction Price History

Key People

Nicholas Brigstocke Non-Executive Chairman

Nick was appointed a non-executive director of DDD in November 2001 and appointed Chairman in June 2013. In addition, he currently is a member of the board of directors of Petromaroc Corporation PLC. In 2001, he retired as Chairman of UK Equity Capital Markets at Credit Suisse First Boston (“CSFB”). He joined CSFB when it purchased Barclays de Zoete Wedd in January 1998, at which time he was Chairman and Managing Director of BZW’s UK corporate broking business. Prior to that, he was head of equity sales and a member of the equity management committee at BZW.

   

Christopher Yewdall Chief Executive Officer/ Executive Director

Chris was appointed Chief Executive Officer of DDD in November 2001. He joined DDD as Vice President of Sales and Marketing in September 1998, was appointed President of DDD USA in July 1999, became its Chief Executive Officer in July 2000 and was appointed to its Board of Directors of DDD Inc. in April 2001. Prior to joining DDD, Chris was Vice President, Business Development of C-Dilla Limited, an anti-piracy software provider servicing entertainment and business software developers. Between February 1991 and March 1997, he was General Manager and Vice President of Sales of Virtuality Inc., a virtual reality 3D technologies company with offices in Europe and North America.

   

Victoria Stull Chief Financial Officer/ Executive Director

Victoria was appointed to the Board of Directors of DDD on 18 July 2012. Victoria joined the Company’s finance team in October 2009 and was appointed as Chief Financial Officer in June 2010. Prior to joining DDD, Victoria was a founding member and Vice President of Sales & Business Development of GOQO, an online entertainment portal available in over 20,000 internet cafes throughout China. Victoria has also held positions of Vice President Business Development and Vice President Financial Operations, at Gemstar-TV Guide International, a leading provider of interactive programming technologies in the digital television market, and Sony Pictures International Television. She spent five years in various audit roles with Sony Corporation of America and Deloitte & Touche LLP.

   

Dr. Sanji Arisawa Non-Executive Director

Sanji was appointed a non-executive director of DDD in March 2005. He is Chairman & Chief Executive Officer at Arisawa Mfg. Co., Ltd and Independent Outside Director at Nippon Seiki Co., Ltd., Chairman at Protec Arisawa Europe, S.A, and President & Representative Director at Protec International Holdings Co., Ltd. Additionally, he serves on the board of directors of ThinFlex Corp., Colorlink Japan, Ltd. and Protec Arisawa America. He received his undergraduate degree from Waseda University and a doctorate degree from North Carolina State University in 1973.

   

Hans Snook Non-Executive Director

Hans was appointed a non-executive director of DDD in January 2006. Hans is the Chairman of Truemove, a mobile telephone operator based in Thailand. Hans was the founder and Chief Executive of Orange and served on the board of the main holding company and two of its subsidiaries. He articulated the vision of a ‘wire free future’ which has driven the branding, strategy and operation of Orange. Under Hans’ leadership, Orange launched on 28 April 1994 and had a profound impact on the mobile market in both the UK and globally. In March 1996, Orange listed on the London and NASDAQ exchanges and, in June of that year, became the youngest company to enter the FTSE 100. After a series of acquisitions, Hans continued as Chief Executive of the enlarged Orange group, leading it to a subsequent flotation in February 2001, at which point he became Special Adviser to the group, a role from which he stepped down at the end of 2001. From 2002 until July 2005, Hans was non-executive Chairman of Carphone Warehouse Group plc. From May 2005 to February 2007, Hans was non-executive Chairman of MonsterMob Group plc.

   

Auction Instructions

Instructions

Auction instructions  

To buy and sell shares in this company via AM Private Market, you will need to use a stockbroker.

  • Using The Share Centre

The Share Centre is the preferred broker and settlement agent for all CREST eligible companies on AM Private Market. The Share Centre offers a competitively priced service for both certificated and non-certificated transactions. For more information on The Share Centre's services or how to place an order please visit their page. If you do not already have an account with The Share Centre, then you can open an account online or by calling 01296 41 41 41.

Alternatively, if you are interested in selling your shares and are unsure what to do next please read our Auction instructions for Sellers with additional FAQs. You can download the 'selling shares traded on Asset Match' form here.

You can place orders with The Share Centre by calling 01296 41 42 43.

  • Using another stockbroker

If you already have a stockbroker (or an in-house dealing team if you are an institutional investor) then you can place an order by instructing your broker to face The Share Centre. Not all stockbrokers will be able to act on your behalf, and so you should check with them first. You may also incur additional fees.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade.

The tick size for this company is 0.01 pence per share.

For more information on how the auction works then please click here