4th May 2006 15:24
Incisive Media PLC04 May 2006 Incisive Media Plc4 May 2006 FOR IMMEDIATE RELEASE Incisive Media Plc Result of EGM On 13 April 2006, Incisive Media Plc ("Incisive Media") announced that it hadagreed to acquire the entire share capital of CIFT Limited ("CIFT"), theLondon-based provider of high-end, quality financial training services, for aninitial consideration of £3 million, and deferred earnout consideration of up to£9 million ("Acquisition"). CIFT is a company in which one of the directors of Incisive Media, StuartStradling and his wife, Mrs Susan Stradling, are interested. In accordance withSection 320 of the Companies Act 1985, which requires a company to seekshareholder approval for certain transactions between that company and itsdirectors or persons connected with them, Incisive Media today held anExtraordinary General Meeting to approve the entering into a share purchaseagreement with Stuart Stradling and Mrs Susan Stradling in connection with theacquisition of the share capital of CIFT in which Stuart Stradling and Mrs SusanStradling have an interest. The Company is pleased to announce that theresolution heard at the meeting was duly passed. Completion of the Acquisition is expected to take place tomorrow, 5 May 2006. Terms defined in the circular dated 13 April 2006 have the same meaning in thisannouncement, save where the context otherwise requires. Enquiries: Tim Weller Chief Executive Incisive Media Plc +44 (0)20 7484 9970 [email protected] Anthony Payne Peregrine Communications +44 (0)20 7484 9983 +44 (0)7930 643 983 [email protected] Keith Anderson Investec +44 (0)20 7597 5970Rupert Krefting This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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