IND.L Regulatory News (IND)

7 May 2008 07:30

IndigoVision Group PLC07 May 2008 IndigoVision Group plc Notice of Extraordinary General Meeting IndigoVision Group plc has today posted a circular to shareholders convening anextraordinary general meeting to be held at IndigoVision, Charles Darwin House,The Edinburgh Technopole, Bush Loan, Edinburgh EH26 0PY at 11.00 a.m. (UK time)on 30 May 2008 at which resolutions in respect of a reduction of the sharepremium account of the Company and the adoption of new share incentivearrangements and of new articles of association will be proposed. The purpose of the proposed share premium account reduction (which requires bothshareholder and Court of Session approval) is to eliminate the deficit on theCompany's profit and loss account in order to give the Company greaterflexibility in the future to begin to pay dividends and to manage its capitalbase. Subject to shareholder and court approval being obtained, it is hoped thatthe reduction will take effect prior to the end of July 2008. The adoption of new share incentive arrangements will also be proposed at theextraordinary general meeting. Those new share incentive arrangements willreplace the Company's existing share option schemes, which are now approachingthe tenth anniversary of their adoption (after which no further options can begranted pursuant to their terms). The adoption of new articles of association will also be proposed at theextraordinary general meeting, primarily to reflect the provisions of theCompanies Act 2006. A copy of the circular is available for download from the investor section ofthe Company's website at www.indigovision.com. A copy of the proposed newarticles of association is also available for download from that section of theCompany's website. Enquiries IndigoVision Group plcMarcus KneenChief Financial Officer and Company Secretary 0131 475 7200 Brewin Dolphin (nomad)Ken Fleming 0845 213 4214 This information is provided by RNS The company news service from the London Stock Exchange