30th Sep 2008 14:30
TV COMMERCE HOLDINGS PLC
RESULTS OF AGM AND EGM
AND
FINANCING UPDATE
TV Commerce Holdings plc (the "Company"), held its annual general meeting today and all resolutions were duly passed.
In accordance with Schedule 2(j) of the AIM Rules, details of the Company's investing strategy is available on the Company's website, www.tvcommerce.co.uk.
RESULT OF EGM
Following the annual general meeting, the Company held its extraordinary general meeting today and all resolutions were duly passed.
FINANCING UPDATE
On 5 September 2008, the Company announced that it had requested that its shares be temporarily suspended from trading on AIM pending clarification of the Company's financial condition. The Board of the Company now announces that, following the EGM held earlier today the Company has raised £200,000, before expenses by way of a subscription of 1,000,000,000 new ordinary shares of 0.02p per share, conditional on Admission. Admission and dealings in the new ordinary shares are expected to commence on 1 October 2008.
The Board of the Company has reviewed the Company's financial condition, as well as the Company's currently anticipated future working capital requirements, and confirms that the Company's financial condition and working capital are adequate for its current requirements. Accordingly, the Company has requested that trading in the Company's shares on AIM be restored with immediate effect.
For further information please contact:
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Vince Stanzione, CEO |
TV Commerce Holdings plc |
Tel: 013 4484 5000 |
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|
David Newton/Aaron Smyth Nominated Adviser |
Dowgate Capital Advisers Ltd |
Tel: 020 7492 4777 |
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|
Neil Badger, Broker |
Dowgate Capital Stockbrokers Ltd |
Tel: 012 9351 7744 |
Related Shares:
EDL.L