5th May 2006 11:24
Readybuy PLC05 May 2006 READYBUY PLC RESULT OF EGM On 12 April 2006, the Board of Readybuy plc (the "Company") announced proposalsto raise approximately £262,500 before expenses by the issue of additionalequity share capital to a group of new investors (the "Subscription") followinga capital reorganisation of its existing share capital. At the Extraordinary General Meeting of the Company which took place earliertoday, all resolutions put to shareholders to effect the Subscription and theCapital Reorganisation and to approve the Company's Investing Strategy were dulypassed. As a result of the passing of the Resolutions, the members of the Concert Partyhave become entitled to 104,000,000 Subscription Shares, representingapproximately 83.65% of the Enlarged Share Capital immediately followingAdmission. It is expected that Admission of the New Ordinary Shares and the SubscriptionShares will become effective and that dealings in the ordinary shares thenconstituting the Enlarged Share Capital will commence on 8 May 2006. All defined terms used in this announcement are defined as set out in thecircular to shareholders dated 11 April 2006. For further information, please contact:- Colin Davies Readybuy plc 01904 520840David Youngman WH Ireland Limited 0161 832 2174 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Avacta Group