Result of EGM
February 28 2005 - 2:30AM
PR Newswire (US)
Result of EGM INTERNET MUSIC & MEDIA PLC ("the Company" or
"IMM") TO BE RENAMED TIMESTRIP PLC ("Timestrip") RESULT OF ANNUAL
GENERAL MEETING ("AGM") RESULT OF EXTRAORDINARY GENERAL MEETING
("EGM") The Company is pleased to announce that at the AGM held at
10.30am today, all resolutions have been passed. The Company is
also pleased to announce that at the EGM held at 11.00am today, all
resolutions have been passed as follows: Ordinary Resolutions: 1 to
subdivide each Existing Ordinary Shares of 0.2p each into 10
Ordinary Shares of 0.02p each; 2 to authorise the Directors to
conclude the acquisition of Timestrip Limited and to approve the
waiter of Rule 9 of the City Code in respect of the Acquisition (
on a poll); 3 to approve the B, C, D and Placing Warrants; and
Special Resolution: 1 to change the Company's name to Timestrip
plc. A total of 50,581,250 new Ordinary Shares of 0.02p each have
been issued pursuant to the Placing to raise a total of �2,023,250
before expenses. The acquisition of Timestrip Limited has been
completed. Admission is expected to become effective and trading in
the total of 245,378,940 Ordinary Shares of 0.02p to commence on 28
February 2005. New share certificates will be sent out in respect
of all shareholders. In accordance with the arrangements, Leo
Knifton and Nigel Weller have stepped down as Directors of the
Company and Stephen Oakes has been appointed Chairman. Paul
Freedman and Reuben Isbitsky have been appointed joint Chief
Executives and Spencer Leslie as Non-Executive Director. The name
of the Company has been changed to Timestrip PL C. Stephen Oakes
said "we are delighted with the acquisition of Timestrip and look
forward to the development of the Company under the new management
team of Paul Freedman and Reuben Isbitsky. We remain excited about
the prospects for Timestrip and its development as an international
brand". For further information: Stephen Oakes, Chairman 0207 251
3762 Paul Freedman, Joint CEO and founding Director, Timestrip
07786 391868 Falcon Securities 0207 375 1177 Shane Dolan, Biddicks
07947 118383 Roland Cornish, Beaumont Cornish Limited 020 7 628
3396 END
Copyright
Immupharma (LSE:IMM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Immupharma (LSE:IMM)
Historical Stock Chart
From Jul 2023 to Jul 2024