TVC TV Commerce

    RNS Number : 7042E
  TV Commerce Holdings PLC
  30 September 2008
   

    TV COMMERCE HOLDINGS PLC

    RESULTS OF AGM AND EGM
    AND 
    FINANCING UPDATE


    TV Commerce Holdings plc (the "Company"), held its annual general meeting today and all resolutions were duly passed.

    In accordance with Schedule 2(j) of the AIM Rules, details of the Company's investing strategy is available on the Company's website,
www.tvcommerce.co.uk.

    RESULT OF EGM

    Following the annual general meeting, the Company held its extraordinary general meeting today and all resolutions were duly passed.

    FINANCING UPDATE

    On 5 September 2008, the Company announced that it had requested that its shares be temporarily suspended from trading on AIM pending
clarification of the Company's financial condition. The Board of the Company now announces that, following the EGM held earlier today the
Company has raised �200,000, before expenses by way of a subscription of 1,000,000,000 new ordinary shares of 0.02p per share, conditional
on Admission.  Admission and dealings in the new ordinary shares are expected to commence on 1 October 2008.

    The Board of the Company has reviewed the Company's financial condition, as well as the Company's currently anticipated future working
capital requirements, and confirms that the Company's financial condition and working capital are adequate for its current requirements. 
Accordingly, the Company has requested that trading in the Company's shares on AIM be restored with immediate effect.


    For further information please contact:


 Vince Stanzione, CEO        TV Commerce Holdings plc       Tel: 013 4484 5000
 David Newton/Aaron Smyth    Dowgate Capital Advisers       Tel: 020 7492 4777
 Nominated Adviser           Ltd                          
 Neil Badger, Broker         Dowgate Capital                Tel: 012 9351 7744
                             Stockbrokers Ltd             



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