Result of EGM

RNS Number : 0493K

Ebiquity PLC

12 April 2010

 



Ebiquity Plc

("Ebiquity" or the "Company")

Result of Extraordinary General Meeting ("EGM")

Following the Company's announcement on 26 March 2010 in relation to the proposed acquisitions of Xtreme Information Services Limited ("Xtreme") and Thomson Media Control GmbH & Co KG ("TMC") (together the "Acquisitions") and the Conditional Placing of 1,375,000 new Ordinary Shares, the board of Ebiquity is pleased to announce that all resolutions required to effect the Acquisitions and the Placing (as set out in the EGM notice appended to the Company's circular to its shareholders issued on 26 March 2010) were duly passed at today's EGM. 

Shareholders representing 97.17% of the votes cast in value (either in person or by proxy) voted in favour of all the resolutions. 

A summary of the proxy votes received by the Company prior to the EGM were as follows:

Resolution to approve:		For	Discretion	Against
1.	To grant directors the authority to allot shares pursuant to the Acquisitions or otherwise	96.79%	3.20%	0.01%
2.	The appointment of Jeffrey Stevenson as director	97.16%	2.83%	0.01%
3.	The appointment of Christopher Russell as director	97.16%	2.83%	0.01%
4.	The authority to allot Securities on a non-pre-emptive basis up to an aggregate nominal value of £1,741,881	97.19%	2.81%	0.00%
5.	The buy-back of ordinary shares from the EBT	97.19%	2.81%	0.00%

Application has been made for the admission of 19,532,969 new Ordinary Shares to trading on the Alternative Investment Market of the London Stock Exchange and dealings are expected to commence tomorrow. In conformity with the FSA's Disclosure and Transparency Rules, following admission of the new Ordinary Shares, the Company's capital consists of 51,672,404 ordinary shares with voting rights.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.

Commenting on the EGM, Michael Greenlees, Chief Executive Officer of Ebiquity, said: "We are very pleased that we have received the full support of our shareholders for both acquisitions. As previously stated, we believe that this should add significant value to the shareholders of Ebiquity."

All definitions contained herein are as set out in the Circular.

12 April 2010

Enquiries:

Ebiquity Plc	Tel. [phone]
Michael Greenlees, Chief Executive Officer
Andrew Beach, Chief Financial Officer
Numis Securities Limited	Tel. [phone]
Adam Joy, Nick Westlake (Financial Adviser and Nominated Adviser)
David Poutney (Corporate Broking)
College Hill Tel. [phone]	Tel. [phone]
Matthew Smallwood
Jamie Ramsay

 

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