Notice of AGM
13 November 2007
The Company announces that it has today sent to shareholders a copy of its
annual report and accounts and a notice of AGM to be held at the Francis Hotel,
Queen's Square, Bath BA1 2HH on 07 December 2007 at 10 a.m. for the purpose of
considering and, if thought fit, passing the following resolutions:
1. To receive and consider the Financial Statements for the year ended 31 May
2007 with the reports of the Directors and Auditors thereon.
2. To re-appoint Moore Stephens as auditors to hold office from the conclusion
of the meeting to the conclusion of the next meeting at which financial
statements are laid before the Company at a remuneration to be determined by
3. To elect Michael Richard Johnson as a Director.
4. To elect Maria-Louise Hampton as a Director.
5. To elect Rodney Owen Channon as a Director.
6. To elect Paul David Connell as a Director.
7. THAT the authorised share capital of the Company be increased from £300,000
to £600,000 by the creation of 440,000,004 new ordinary shares in the Company
of £0.0006818 each.
8. In substitution for all existing authorities, to the extent unused, the
Directors shall have general and unconditional authority for the purposes of
section 80 of the Companies Act 1985 (as amended) (the "Act") to exercise all
the powers of the Company to allot, grant options over, offer or otherwise
deal with or dispose of any relevant securities (as defined in section 80(2)
of the Act) of the Company to such persons at such times and generally on
such terms and conditions as the Directors may determine up to an aggregate
nominal amount of £300,000 provided the authority hereby conferred shall be
for a period expiring five years from the date hereof unless previously
renewed, varied or revoked by the Company in General Meeting and the
Directors shall be entitled under the authority hereby conferred or under any
renewal thereof to make at any time prior to the expiry of such authority any
offer or agreement, which would or might require relevant securities as
aforesaid to be allotted after the expiry of such authority.
9. That subject to and conditional upon the passing of resolution 8 the
Directors shall be and are hereby empowered pursuant to section 95 of the Act
to allot equity securities (as defined in section 94(2) of the Act) for cash
pursuant to the authority given in accordance with section 80 of the Act by
Resolution 7 and/or allot equity securities where such allotment constitutes
an allotment of securities by virtue of section 94(3A) of the Act as if
section 89(1) of the Act did not apply thereto provided that this authority
shall expire at the conclusion of the annual general meeting of the Company
to be held in 2008 except that the Company may before such expiry, make
offers or agreements which would or might require equity securities to be
allotted after such expiry and notwithstanding such expiry the Directors may
allot equity securities in pursuance of such offers or agreements.
For further information, contact:
1pm plc Mike Johnson 08707 397 397
Blomfield Corporate Finance Ltd Nick Harriss 020 7512 0191
SVS Securities plc Ian Callaway 020 7638 5600