Share Authority Increase & Notice of GM

14 February 2014

Concha PLC

("Concha" or the "Company")

Proposed increase of authority to allot shares, disapplication of pre-emption rights

and Notice of General Meeting

Concha, the AIM quoted investment company focused on investing in media, communications and technology companies, announces that it is today posting a circular (the "Circular") to shareholders requesting authority to increase the Director's authority to allot shares and disapply pre-emption rights (the "Share Authorities Renewal").

The Circular includes a formal notice of the requisite general meeting, to be held at the offices of Bond Dickinson LLP at 4 More London Riverside, London, SE1 2AU at 11.00 a.m. on 6 March 2014 (the "General Meeting"). A copy of the circular will also be available shortly on the Company's website - www.concha-plc.com. 

Background to the Share Authorities Renewal

The proposed authority to issue ordinary shares for cash on a non-pre-emptive basis would allow the Company the flexibility to undertake a future fundraising without recourse to shareholders, should the opportunity present itself. The Board also believes that such an enlarged fundraising capacity should make the Company more attractive to parties interested in obtaining a listing.

In conjunction with this, the Company continues to actively seek out and evaluate additional investments in line with its investing policy, which could include reverse takeovers. Any reverse takeover would be subject to separate shareholder approval in accordance with the AIM Rules.

The report of the Directors and the financial statements for the period ended 30th June 2013 and the report of the auditors thereon will also be laid before shareholders at the General Meeting.

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