Capital Reorganisation Update
January 12 2007 - 6:43AM
UK Regulatory
ResponzeTV PLC
Capital Reorganisation Update
The Company today announces an update for shareholders in relation to the sale
of fractional entitlements pursuant to the Capital Reorganisation as announced
on 30 June 2006.
Under the proposed terms of the Capital Reorganisation, Shareholders who held
fewer than 40,000 ordinary shares of 0.01 pence each were not entitled to
receive any new ordinary shares of 16 pence each ("Ordinary Shares").
However fractional entitlements which arose were due to be aggregated and sold
in the market for the benefit of Shareholders and distributed to them, except
that any net proceeds which after the deduction of the expenses of sale were
less than �5.00 would be retained for the benefit of the Company.
The fractional entitlements have now been sold at a price of 20 pence per
Ordinary Share.. As no shareholder was due proceeds of �5.00 or greater as
stipulated, the proceeds from the sale of the fractional entitlements will be
retained for the benefit of the Company.
12 January 2007
For further enquiries contact:
Steven Goodman,
Executive Chairman, ResponzeTV PLC
+852 2295 1161
Tom Steiner,
Edelman Financial, London
+44 (0)20 7344 1290
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