12th Dec 2007 17:40
Zamano PLC12 December 2007 12 December 2007 zamano Plc ("zamano" or the "Company" or the "Group") Result of EGM On 26 November 2007, zamano, a leading provider of digital entertainment tomobile devices, announced that it had conditionally agreed to acquire the entireissued share capital of Red Circle Technologies Limited ("Red Circle"), a Dublinbased digital entertainment company, for consideration of up to €24.4 million. At the extraordinary general meeting of the Company, which took place earliertoday, the resolution proposed to effect the Acquisition was unanimously passedby shareholders. It is expected that completion of the acquisition will occurlater today. Following completion of the Acquisition the vendors of Red Circle will becomeentitled to an aggregate of 11,315,789 Ordinary Shares in the Company,representing 14.0 per cent. of the enlarged share capital of zamano. It is expected that the Enlarged Share Capital will be admitted to trading onAIM and IEX, and that dealings in the Enlarged Share Capital, will commence onAIM and IEX at 8.00a.m. on 13 December 2007. In addition to the resolution dealing with the Acquisition, at the EGM,shareholders were also asked to consider proposals to adopt two new share plansfor employees, a Share Participation Plan and a Share Save Plan, which the Boardbelieves will help motivate and retain staff and align their interests withthose of Shareholders. Details of these proposed share plans were set out in theAdmission Document sent to Shareholders on 26 November 2007. The resolutionsrelating to the new share plans were approved by shareholders. All terms used in this announcement are defined as set out in the admissiondocument issued by the Company dated 26 November 2007. Contacts: zamanoJohn O'Shea (Managing Director) +353 1 488 5830Colm Saunders (Finance Director) +353 1 511 1224 www.zamano.comNCB Corporate FinanceConor McCarthy +353 1 611 5100Shane Lawlor www.ncb.ie Seymour PierceDavid Newton +44 207 107 8000 www.seymourpierce.comEdelmanRebecca Penney / Laura Cocker (London) +44 207 344 1577 / +44 207 344 1579Mark Cahalane/ Joe Carmody (Dublin) +353 1 678 9333 www.edelman.com NCB Stockbrokers Limited and Seymour Pierce Limited are each acting exclusivelyfor zamano and for no one else in connection with the Proposals and will not beresponsible to anyone other than zamano for providing the protections affordedto clients of NCB Stockbrokers Limited and Seymour Pierce Limited (as the casemay be) or for providing advice in relation to the Acquisition. This announcement and the information contained herein is not for publication,distribution or release in whole or in part, in or into, the United States ofAmerica, Canada, Australia or Japan or any other jurisdiction where suchpublication, distribution or release would be unlawful. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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