Information  X 
Enter a valid email address

West 175 Media Grp (WEP)

  Print      Mail a friend

Tuesday 04 March, 2003

West 175 Media Grp

Result of Special Meeting

West 175 Media Group Inc
04 March 2003

                           RESULT OF SPECIAL MEETING

West 175 Media Group Inc., the media group listed on AIM, announces that at a
Special Meeting held on Monday 3rd March, the resolution to increase the
authorised share capital to 92,000,000 common shares by the creation of
15,000,000 new common shares (the 'Resolution') was passed.

As a consequence of the passing of the Resolution, £314,750 of unsecured
variable rate two year loan notes have become convertible ('Convertible Loan
Notes'). The Convertible Loan Notes were originally issued on 27th September
2002, as loan notes, and apart from becoming convertible, continue on the same
terms as those announced at the time of their original issue.

The Convertible Loan Notes can be converted into common shares at any time on or
before 30th September 2004 on the basis of 24 new common shares for each £1.08
of Convertible Loan Notes. This is equivalent to a price of 4.5p per common
share. Full conversion of the Convertible Loan Notes would result in the issue
of 6,994,444 new common shares.


4th March 2003


For further information, please contact:

West 175 Media Group Inc
Paul Burton, Finance Director
Tel: 020 7462 0632



                      This information is provided by RNS
            The company news service from the London Stock Exchange