3rd Feb 2005 07:00
FOR IMMEDIATE RELEASE 3 February 2005 INTERNET MUSIC & MEDIA PLC ("the Company" or "IMM") PROPOSED ACQUISITION OF TIMESTRIP PLACING CHANGE OF NAME EXTRAORDINARY GENERAL MEETING ANNUAL GENERAL MEETING The Company is pleased to announce that further to the announcement of 28January 2005, the Circular comprising an Admission Document in respect of theAcquisition has been posted to shareholders. IMM has therefore requested thatAIM restore the trading in the Company's existing Ordinary Shares with effectfrom today.The Admission Document contains a Notice of Extraordinary General Meeting whichwill be held at Finsgate, 5-7 Cranwood Street, London EC1V 9EE on 25 February2005 at 11.00am for the purpose of voting on the following resolutions:Ordinary Resolutions:1 to subdivide the Existing Ordinary Shares of 0.2p each into Ordinary Sharesof 0.02p each;2 to authorise the Directors to conclude the acquisition of Timestrip Limitedand to approve the waiter of Rule 9 of the City Code in respect of theAcquisition;3 to approve the B, C, D and Placing Warrants; andSpecial Resolution:1 to change the Company's name to Timestrip plc.The Company has also posted a Notice of Annual General Meeting to shareholders,which will be held at Finsgate, 5-7 Cranwood Street, London EC1V 9EE on 25February 2005 at 10.30 am.Copies of the Admission Document and Notice of Annual General Meeting areavailable, free of charge, from Internet Music & Media PLC, Finsgate, 5-7Cranwood Street, London EC1V 9EE for one month from today.For further information:Leo Knifton, Chairman, Internet Music & Medic PLC 07887 877877Paul Freedman, Joint CEO and founding Director, Timestrip 07786 391868Stephen Oakes, Falcon Securities 07867 528108Shane Dolan, Biddicks 07947 118383Roland Cornish, Beaumont Cornish Limited 020 7628 3396ENDRelated Shares:
Time Finance