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Universe Grp. (UNG)

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Monday 01 December, 2003

Universe Grp.

Result of EGM

Universe Group PLC
01 December 2003

UNIVERSE GROUP PLC ('Universe' or the 'Company')

Result of Extraordinary General Meeting

On 14 November 2003, Universe announced a 3 for 8 Rights Issue of up to
15,985,233 Rights Issue Shares at 21.5p per share (the 'Rights Issue'). The
Company today announces that the Resolution to enable the Rights Issue to
proceed was duly passed at this morning's Extraordinary General Meeting.

Accordingly, Provisional Allotment Letters in respect of entitlements to Rights
Issue Shares are to be posted today to Qualifying non-CREST Shareholders (other
than certain overseas Shareholders). It is expected that Nil-Paid Rights will be
credited to the CREST stock accounts of Qualifying CREST Shareholders (other
than certain overseas Shareholders) with effect from 8.00 a.m. on 2 December

Application has been made for the Rights Issue Shares to be admitted to trading
on AIM. Admission is expected to occur and dealings in such shares, nil-paid,
are expected to begin at 8.00 a.m. on 2 December 2003.

The latest time and date for acceptance and payment in full for Rights Issue
Shares pursuant to the Rights Issue is 9.30 a.m. on 24 December 2003.


Universe Group plc
Ray Mackie, Chief Executive                          02380 689212

Charles Stanley & Co. Limited
Russell Cook/Peter Lilliott                          020 7953 2000

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