Result of AGM
June 18 2010 - 11:06AM
UK Regulatory
TIDMFAN
RNS Number : 8989N
First Artist Corporation PLC
18 June 2010
FIRST ARTIST CORPORATION PLC
Result of Annual General Meeting and earn-out payment
First Artist Corporation plc (AIM: FAN), the media, sport and events group, is
pleased to announce that at the Annual General Meeting held earlier today, all
resolutions proposed in the Notice of Meeting were duly passed.
In addition, the Board is pleased to announce that the final earn-out payment
due to the Vendors of Dewynters Limited ("Dewynters"), the UK's leading
full-service theatre and entertainment marketing agency acquired in November
2006, was made today. The payment of GBP1.5 million was paid in full and final
settlement of any outstanding earn-out commitments under the Dewynters
acquisition agreement.
- Ends -
For further information:
+------------------------------------------------+-----------------------+
| First Artist Corporation plc | tel: 020 7993 |
| Jon Smith, Chief Executive | 0000 |
| | www.firstartist.com |
| | |
+------------------------------------------------+-----------------------+
| Seymour Pierce Limited, Nominated Adviser and | tel: 020 7107 |
| Broker | 8000 |
| Stewart Dickson | www.seymourpierce.com |
| Tom Sheldon | |
| | |
+------------------------------------------------+-----------------------+
Notes to Editors:
First Artist Corporation plc was admitted to AIM in 2002.
First Artist's group companies are among the leading brands in their fields
under the following categories:
Media - entertainment advertising, marketing, design, promotions, digital media,
merchandising, signage and front of house displays for the West End, Broadway
and Las Vegas via the Dewynters, SpotCo and Newman Displays brands. Sponsorship
rights marketing through First Rights Limited.
Events - offers a broad range of events such as conferences, company activity
days, parties, venue finding, delegate management and client events for private
and public sector clients through The Finishing Touch.
Sport - representation of football players/clubs across the UK, Europe and the
US through the Sport division.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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