Result of EGM
05 March 2003 - 9:05PM
UK Regulatory
RNS Number:3087I
Medal Entertainment & Media PLC
05 March 2003
For immediate release: 5 March 2003
RESULTS OF EXTRAORDINARY GENERAL MEETING ("EGM") AND
SEPARATE MEETING OF WARRANTHOLDERS
The Board of Medal Entertainment & Media plc (the "Company") announces that, at
the EGM held today, Shareholders passed the resolution set out in the notice of
EGM contained in the circular sent to Shareholders on 6 February 2003 (the "
Circular"). At the separate general meeting of the Warrantholders, held
immediately after the EGM, Warrantholders passed the resolution set out in the
notice of general meeting contained in the circular sent to Warrantholders on 6
February 2003.
As a result of the resolutions passed by both Shareholders and Warrantholders,
each five Warrants will have the right to subscribe for one new Ordinary Share
at a price of 10 pence per new Ordinary Share. The Warrants will be exercisable
immediately up until 4.30 p.m. on 16 April 2003. In order to effect exercise,
Warrantholders who hold certificated Warrants should follow the instructions set
out in Appendix 2 to the Circular and Warrantholders who hold their Warrants in
uncertificated form in CREST should follow the instructions set out in Appendix
3 to the Circular. Before exercising subscription rights, Warrantholders should
calculate the subscription rights of their Warrants in accordance with the
instructions set out in the Circular. On or after 17 April 2003, the Company
will apply to the London Stock Exchange to cancel trading of the Warrants on
AIM. Any Warrants which have not been exercised by 17 April 2003 will lapse.
Words and expressions defined in the Circular have the same meaning when used in
this announcement.
For further information please contact:
Steve Ayres, Chief Executive
Michael Mercieca, Chief Financial Officer
Medal Entertainment & Media plc
Telephone: 020 8427 2277
Richard Swindells
Durlacher Limited
Telephone: 020 7459 3600
John West / Rosie Brown
Tavistock Communications Limited
Telephone: 020 7600 2288
This information is provided by RNS
The company news service from the London Stock Exchange
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