28th Mar 2008 17:01
Titanium Asset Management Corp28 March 2008 The following replaces RNS 0533R released on 28 March 2008 at 1346. The changesare to the numbers in the in the third and fourth paragraphs which wereincorrect as result of an arithmetical error. The rest of the originalannouncement remains unchanged and the full text of the revised announcement isset out below. 28 March 2008 Titanium Asset Management Corp. Further re: Special Meeting Further to the announcement made on 27 March 2007, Titanium Asset Management Corp. ("Titanium" or the "Company") (AIM: TAM) announces that a total of 4,213,000 Shares were elected to be redeemed. Under the terms of Titanium's Certificate of Incorporation, each Stockholder who elected to redeem Shares will be entitled to redeem 52.42% of the Shares submitted for redemption. Accordingly, a total of 2,208,452 Shares will be redeemed. Furthermore, a total of 417,221 Founding Shares (comprising 333,777 Shares and 83,444 Restricted Shares) will be purchased by Titanium at par value so that, following the redemption referred to above, the aggregate number of Founding Shares shall not exceed 15.2% of the issued share capital of the Company (excluding those Shares issued as consideration for acquisitions). Accordingly, following completion of the Acquisition on 31 March, there will be20,451,502 Shares in issue and admitted to trading on AIM and 612,716 RestrictedShares in issue. For further information: Titanium Asset Management Corp.John Sauickie, Chief Executive Officer +1 941 361 2191Nigel Wightman, Executive Director + 44 7789 277849 Seymour Pierce LtdJonathan Wright +44 20 7107 8000 Penrose Financial Gay Collins +44 20 7786 4888Kay [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tatton Asset Management