3rd Sep 2007 14:31
Yoomedia PLC03 September 2007 YooMedia PLC ("YooMedia" or the "Company") Notice of EGM The Company announces that a notice of an Extraordinary General Meeting ('EGM')has been sent to shareholders on 24 August 2007 (the 'EGM Circular'). The EGM isscheduled to take place on 19 September 2007 at 10:00 am at NorthumberlandHouse, 155-157 Great Portland Street, London W1W 6QP. On 8 August 2007 the Company announced that it had raised £500,000 by means of aplacing of 50,000,000 Ordinary Shares at the price of 1 pence each together withthe grant of a further 12,500,000 Warrants. The grant of the Warrants is subjectto the approval of Shareholders at the next extraordinary general meeting calledby the Company. The purpose of this letter is to seek Shareholder approval to constitute theWarrant Instrument and to increase the authorised share capital of the Companyand to authorise the Directors to issue and allot the maximum number of OrdinaryShares for the purpose of the Warrant instrument, and in addition to seek theapproval of Shareholders to authorise the Directors to both allot OrdinaryShares generally and to allot Ordinary Shares otherwise than on a pre-emptivebasis following the EGM. At this EGM resolutions will be proposed to: • increase the issued share capital of the Company; • approve the entering into of the Warrant Instrument; • authorise the Directors to allot new Ordinary Shares pursuant to the Warrant Instrument and otherwise up to an aggregate nominal amount of £3,000,000; and • grant to the Directors authority to issue or allot further new Ordinary Shares pursuant to Section 95 of the Act as if Section 89(1) of the Act did not apply to such issue or allotments, such power being limited to the allotment of relevant securities pursuant to the Warrant Instrument, in connection with rights issues and other similar issues and otherwise up to an aggregate nominal amount of £2,000,000. Recommendations The Directors believe that the Proposals are in the best interests of theCompany and its Shareholders as a whole and recommend you to vote in favour ofall of the Resolutions. The Directors have irrevocably undertaken to vote in favour of all of theResolutions in respect of their own shareholdings amounting in aggregate to56,149,949 Ordinary Shares, representing approximately 6.16 per cent. of theExisting Issued Share Capital. Copies of EGM Circular Copies of the EGM Circular are available free of charge from YooMedia PLC,Northumberland House, 155-157 Great Portland Street, London W1W 6QP. ENDS Contacts:Michael Sinclair, Executive ChairmanNeil MacDonald, Group Managing DirectorYooMedia plc+44 (0) 20 7462 0870 Mark PercySeymour Pierce Limited+44 (0) 20 7107 8000 Nicholas Nelson/Kathy BoateNexus Financial LtdTel: 020 7451 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MIRA.L