28th Mar 2008 13:46
Titanium Asset Management Corp28 March 2008 28 March 2008 Titanium Asset Management Corp. Further re: Special Meeting Further to the announcement made on 27 March 2007, Titanium Asset ManagementCorp. ("Titanium" or the "Company") (AIM: TAM) announces that a total of4,213,000 Shares were elected to be redeemed. Under the terms of Titanium's Certificate of Incorporation, each Stockholder whoelected to redeem Shares will be entitled to redeem 52.42% of the Sharessubmitted for redemption. Accordingly, a total of 2,208,452 Shares will be redeemed. Furthermore, a total of 335,685 Founding Shares (comprising 268,548 Shares and67,137 Restricted Shares) will be purchased by Titanium at par value so that,following the redemption referred to above, the aggregate number of FoundingShares shall not exceed 15.2% of the issued share capital of the Company(excluding those Shares issued as consideration for acquisitions). Accordingly, following completion of the Acquisition on 31 March, there will be20,516,731 Shares in issue and admitted to trading on AIM and 629,023Restricted Shares in issue. For further information: Titanium Asset Management Corp.John Sauickie, Chief Executive Officer +1 941 361 2191Nigel Wightman, Executive Director + 44 7789 277849 Seymour Pierce LtdJonathan Wright +44 20 7107 8000 Penrose Financial Gay Collins +44 20 7786 4888Kay [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tatton Asset Management