TV programmes producer DCD Media says that it needs £1m for additional working capital and it is negotiating with potential providers of cash.
The £1m could be in the form of debt or equity from one of the company’s largest shareholders.
Finance director John McIntosh is stepping down.
DCD made an underlying profit of £1.8m in the 18 months to December 2010. That was before write-downs of programme rights and other intangibles which led to a £8.44m loss. Net debt was £1.74m at the end of 2010.
At 3p a share, down 0.88p, DCD is valued at £1.85m.
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