Web Shareshop (Holdings) PLC
31 May 2002
Announcement: 31 May 2002
The Directors of Web Shareshop (Holdings) plc have today issued a notice of an
Extraordinary General Meeting
of Members called for 3.00 pm Thursday 27 June 2002.
The purpose of the meeting is to seek the approval of Members to two special
• To disapply the provisions of Section 89(1) of the Companies Act up to an
aggregate limit of £400,000 in order to allow the Directors to raise
additional cash for the Group's business by one or more placings as
• To give authority for the Directors to establish a share option scheme for
their benefit over up to 10% of the issued share capital as at the date of
At this time, the Directors have not concluded any arrangement for a placing.
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