Among those participating in the loan stock conversion is Baring Iberia II Inversion en Capital. Baring will receive 582,790 converted shares, raising its holding to 10.7mln ordinary shares, equivalent to 19.4% of the company.
Mirada's chairman, Javier Casanueva, is a partner of Baring.
Mirada, which creates and manages services for digital TV platforms and broadcasters that enable consumers to interact with and purchase digital content on televisions and mobile communication devices, said that following the conversion of shares, the outstanding amount of the 10% secured convertible loan stock will reduce to £660,000.
