Regulatory news
< view Regulatory news archive
AGM statement
20 May 2010
At the Annual General Meeting of the Company this morning, Martyn Ratcliffe, Chairman, will provide the following update on the year to date.
"The actions taken by Brent Hudson, Chief Executive Officer, and his team in 2009 are proving successful and the current year has started well, with revenue and profitability ahead of the Board's expectations.
On 18 May 2010, the Company announced a conditional Placing of 20,000,000 shares at 40 pence per share with certain institutional and other investors to raise £8.0 million before expenses. This Placing, at a premium to the share price prior to the Placing, will enable the Company to pursue acquisition opportunities complementary to the Group's current business operations. Details of the Placing are set out in the Circular posted to Shareholders on 18 May 2010."
Enquiries: