Notice of EGM
April 20 2007 - 10:12AM
UK Regulatory
RNS Number:2726V
Capital Ideas PLC
20 April 2007
Capital Ideas plc
(the "Company")
Notice of Extraordinary General Meeting
Proposed Fundraising
The Company wishes to accelerate its investment plans by raising approximately
#500,000 additional working capital by way of a private placement to take
advantage of the current strong deal flow the Company is experiencing. The Board
therefore wishes to increase the authorised share capital and the directors'
authority to issue shares to enable the Company to carry out this objective.
Notice of Extraordinary General Meeting ("EGM")
Notice has been despatched to shareholders to convene an EGM for 8.30 am on
Monday 14 May 2007 at 22 Lovat Lane, London, EC3R 8EB, at which the following
resolutions will be proposed:
* To increase the authorised share capital of the Company from #3,000,000 to
#5,000,000, divided into 2,300,000,000 ordinary shares of 0.1p each and
300,000,000 deferred shares of 0.9p each
* to authorise the directors to allot up to 500,000,000 shares pursuant to
section 80 of the Companies Act 1985; and
* to authorise the directors to allot up to 250,000,000 shares otherwise than
on a pre-emptive basis.
Recommendation
The Directors unanimously recommend shareholders of the Company to vote in
favour of the resolutions to be proposed at the EGM as they intend to do so in
respect of their own beneficial holdings of 82,499,627 ordinary shares of 0.1p
each, representing 34.94 per cent. of the Company's issued ordinary share
capital.
A copy of the circular despatched to shareholders can be obtained from the
Company's registered office: Unit 4, Sovereign House, Graham Street, Birmingham,
Wes Midlands, B1 3JR.
For further information please contact:
Renwick Haddow, Capital Ideas plc Tel: +44 207 623 3345
David Youngman, WH Ireland Limited Tel: +44 161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
END
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