West 175 Media Group Inc
02 June 2004
West 175 Media Group Inc.
The Company announces that all the resolutions proposed at the Creditors'
meeting and the Shareholders' meetings held yesterday were duly passed. As a
result, the company voluntary arrangement ('CVA'), details of which were
contained in the Company's announcement of 14 May 2004 ('the Announcement') has
been approved by shareholders and creditors of the Company.
In addition, the CVA of the Company's wholly owned subsidiary, West 175 Media
Limited ('West UK'), was also approved by the creditors and shareholders of West
UK at separate meetings also held yesterday.
It is expected that the CVA of the Company will be completed by the end of June
2004. Assuming that there is then no reason to believe that the Conditional
Placing to raise £450,000 before expenses, referred to in the Announcement, will
not become unconditional, it is expected that dealings will be restored in the
existing ordinary shares of the Company on 30 June 2004. Application will also
be made for the Placing Shares to be admitted to trading after completion of the
CVA of the Company.
This information is provided by RNS
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