Result of EGM
August 29 2007 - 10:13AM
UK Regulatory
RNS Number:9470C
MKM Group PLC
29 August 2007
29 August 2007
MKM.L
MKM GROUP PLC
("MKM" or the "Company")
Result of EGM
On 3 August 2007, MKM, which designs, develops and delivers sales promotion
programmes, announced that it had conditionally agreed to acquire the entire
issued share capital of Leisure World Pty Limited, the Australian-based sales
promotion company, and its subsidiaries (together the "Leapfrog Group"). The
Company also announced a placing of 6,666,667 new Ordinary Shares to raise #0.5
million (before expenses).
At the extraordinary general meeting of the Company which took place earlier
today, all resolutions proposed to effect the Acquisition, the Placing and the
waiver by the Panel on Takeovers and Mergers of any requirement which would
otherwise arise for the Vendors to make a general offer pursuant to Rule 9 of
the City Code to the other shareholders of the Company were duly passed.
As a result of the passing of the resolutions, the vendors of the Leapfrog Group
have become entitled (subject to completion of the Acquisition) to 20,000,000
Ordinary Shares, in aggregate, representing 28.40 per cent. of the Enlarged
Share Capital.
The Acquisition and the Placing remain conditional upon Admission. It is
expected that the New Ordinary Shares will be admitted to trading on AIM and
that dealings in the Enlarged Share Capital will commence on AIM on 30 August
2007.
All terms used in this announcement are defined as set out in the admission
document issued by the Company dated 3 August 2007.
For further information, please contact:
MKM Group plc Tel: 0161 877 1112
Andrew Johnson, Executive Chairman
Matthew Toynton, Finance Director
Leisure World Pty Limited Tel: +61 2 9936 5030
Brian Smillie, Executive Chairman
Richard Tenser, Chief Executive Officer
WH Ireland Limited Tel: 0161 832 2174
David Youngman
Biddicks Tel: 020 7448 1000
Katie Tzouliadis/Sophie Lane
This information is provided by RNS
The company news service from the London Stock Exchange
END
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