Digitalbox plc (GB:DBOX) has released an update.
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Digitalbox plc, a UK-based digital media company, is moving forward with a proposed capital reduction to enhance its financial flexibility by creating positive distributable reserves. The company has announced a general meeting for shareholders to approve this capital reduction, which is contingent on court confirmation. Digitalbox operates popular brands like Entertainment Daily and The Daily Mash, generating revenue primarily through mobile advertising.
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