6th Dec 2007 15:13
Red24 PLC06 December 2007 red24 plc Result of EGM At the Extraordinary General Meeting of red24 plc which took place today, allresolutions were duly passed. As a result the issued ordinary share capital ofthe Company is 32,471,083 shares of 1p each and the shareholding of eachshareholder is reduced to one tenth of their previous shareholding. Similarly,the amount of options and warrants in issue are reduced to one tenth of theirprevious figure and the exercise price is increased by a multiple of ten. Simon Richards, the Chairman of the Company, commented: "As a result of therecent management changes and reduction in our cost base, the Company'ssituation is steadily improving and results for the year to 31st March 2008should show a substantial reduction in the loss reported at the interim stage.The full benefits of the changes will be reflected in the results for the yearto 31st March 2009 and we regard the future with cautious optimism." ---ENDS--- red24 plc 020 8834 2987Simon RichardsMal Worsley-Tonks Threadneedle Communications 020 7936 9606Josh Royston / Graham Herring HB Corporate 020 7510 8600Luke CairnsJohn Levinson Notes to Editors: red24 plc is a provider of security risk management services, offeringpreventative and reactive advice to help individuals avoid and manage personalrisks to themselves and their families. The products are distributed throughleading international financial service companies. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
REDT.L