23rd Oct 2007 16:38
NewMedia SPARK PLC23 October 2007 For Immediate Release 23 October 2007 Result of AGM NewMedia SPARK plc ("SPARK" or "the Company") change of name to SPARK Ventures plc Result of AGM The Board of NewMedia SPARK (AIM: NMS), the venture capital investor, announcesthat all the resolutions were duly passed at the Company's Annual GeneralMeeting held today, including the special resolution (Resolution 9) to changethe Company's name from NewMedia SPARK plc to SPARK Ventures plc. Change of name Following the acquisition of Quester in May 2007, SPARK began managing anenlarged portfolio with assets across a more diverse range of sectors. TheBoard believes that SPARK Ventures plc better reflects the nature of theCompany's core business as a venture capital investor, whilst retaining itsrecognised and respected brand, "SPARK", which has been built up over theCompany's history. Trading in the shares of the Company under the new name of SPARK Ventures plcwill begin on 25 October 2007. The new ticker will be SPK.L. Tom Teichman, Chairman of SPARK, commented: "We now have about £250 million of investments under our management making usone of the largest European quoted investors in our field. Our new name reflectsthe evolving nature of SPARK's business and our on-going expansion into, andappetite for, investments beyond the new media sectors. We continue to seeexcellent investment opportunities and believe that SPARK's new name mirrors itsambition to build on its existing position as a leading venture capital investorin technology, digital media and life sciences." Enquiries: SPARK Ventures plcAndrew Carruthers 020 7851 7777 Buchanan CommunicationsIsabel Podda 020 7466 5000 Collins Stewart Europe LimitedSeema Paterson 020 7523 8321 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GHS.L