30 Sep 2011 16:54
DCD Media plc (the "Company")
Result of General Meeting and Annual General MeetingUpdate re Subscription
Further to the announcement on 1 September 2011 regarding the Company's proposed Subscription of up to £1 million, the Company announces that at the General Meeting held today, all the resolutions were duly passed, save for Resolution 4 regarding the proposed grant of management and staff share options, which was withdrawn at the meeting.
The Company also announces that in order to allow more time for it to consider further potential expressions of interest from additional investors in the Subscription, the Company will not close the Subscription today as previously anticipated. The Company now expects to close the Subscription and announce, inter alia, the final amount raised pursuant to the Subscription during the week commencing 3 October 2011. Therefore AIM Admission and dealings in the Subscription Shares will not commence on 3 October 2011 as previously expected; the revised date for AIM Admission and dealings will be notified in due course.
At the General Meeting, a resolution to effect a sub-division of the Company's share capital was passed. Accordingly, as at 8 a.m. on 3 October 2011, each existing ordinary share of 10p each will be sub-divided into one ordinary share of 1p each and one deferred share of 9p each. Immediately following the subdivision, each shareholder will hold the same number of ordinary shares of 1p each as the number of ordinary shares of 10p each held immediately before the sub-division.
Finally, the Company announces that at the Annual General Meeting also held today, all resolutions were duly passed.
30 September 2011
For further information please contact:
David Green, Chief Executive
DCD Media plc
Tel. 020 8563 6976
Jeremy Ellis or Chris Clarke
Evolution Securities
Tel. 020 7071 4300