19th Dec 2011 12:10
CERES MEDIA INTERNATIONAL PLC ("Ceres" or the "Company") Result of Annual General Meeting and Statement
At the Annual General Meeting ("AGM") of the Company held earlier today, all resolutions were duly passed.
At the AGM, the Chairman made the following statement:
"I am pleased to provide shareholders with a further update of progress at the Company. As announced, since admission to AIM, the Company has experienced some technical delays in finalising certain of its TierraFilm products and sales of Gossyp and Chorus have been lower than anticipated. The Company has made progress over the past month to address these issues and the effect of these will hopefully be seen in due course.
As announced on 2 December 2011, due to ill health, Matthew Howes resigned as Finance Director of the Company. As a consequence the roles of the existing board will change. Effective from 1 January 2012, I will step down as Non-executive Chairman and become a non executive director of the Company.
Leslie Barber will take up the position of Executive Chairman leading the Board, working closely with Institutional Investors and other shareholders and focus on the Company's sales and marketing initiatives.
Alex Dowdeswell, as Chief Executive Officer, will additionally assume the role as Finance Director as well as directing the Supply Chain requirements of the business.
I would like to thank shareholders for their continued support of the Company."
For further information, please contact:
Ceres Media International PLC Tel: 020 3178 5622Alex Dowdeswell Leslie Barber Nominated Adviser Tel: 020 7148 7900Cairn Financial Advisers LLP Jo Turner / Liam Murray Broker Tel: 020 3002 2070First Columbus LLP Chris Crawford / Kelly Gardiner Financial PR Tel: 020 7556 1063De Facto Financial
Mike Wort / Anna Dunphy
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