3rd Jul 2006 10:31
Chariot (UK) PLC03 July 2006 For immediate release 3 July 2006 Chariot (UK) plc (the "Company" or "Chariot") Result of extraordinary general meeting and business update Extraordinary General Meeting ("EGM") Chariot, the company behind the new charities lottery, monday, is pleased toannounce that at the Company's EGM held earlier today, all the resolutionsproposed at the EGM were passed without amendment. On 9 June 2006 the Company announced a fundraising of £2.59 million (afterexpenses) by way of the issue of 53,000,000 new ordinary shares of 1p each (the"Placing Shares") conditional, inter alia, on the passing of the resolutions atthe EGM. The resolutions were detailed in the notice of EGM contained in acircular (the "Circular") posted to shareholders on 9 June 2006. Accordingly, application has been made for the admission of the Placing Sharesand 2,000,000 new ordinary shares of 1p each being subscribed by Noble & CompanyLimited, in lieu of placing commission, to trading on AIM ("Admission"). It isexpected that trading in such shares will commence on 6 July 2006. FollowingAdmission there will be 70,964,250 ordinary shares of 1 pence each in theCompany in issue. Business update The Board of Chariot is pleased to announce that they are progressing with theimplementation of the key elements of Chariot's revised business plan, asoutlined in the Circular dated 9 June 2006 (including negotiations with theCompany's charity partners with regards to them providing additional financialsupport for marketing). The Board of Chariot will update shareholders on theprogress of the implementation of the revised business plan as appropriate. For further information: Peter Otero, Bell Pottinger Corporate & Financial: 020 7861 3232Nick Naylor, Noble & Company Ltd: 020 7763 2200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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