Primorus Inv. Regulatory News (PRIM)

24 Jul 2008 10:23



CSS Stellar plc ("CSS" or the "Company")

Extraordinary general meeting ("EGM")

under Section 142 of the Companies Act 1985

At the extraordinary general meeting of the Company held today, the chairman, Julian Jakobi, made the following statement:

"As announced on 1 July 2008, the company is required, under section 142 of the Companies Act 1985, to hold an EGM for the purposes of considering whether any, and if so what, steps should be taken to deal with the situation with regard to the fact that the net assets of the Company are half or less of its called-up share capital.

Following completion of the sale of PFD on 14 July 2008 the CSS Stellar group now comprises the CSS Stellar Sports, The GEM Group and Icon Display, all of which operate in the sports marketing arena.

The directors intend to pursue a strategy of developing the group in fields related to sports marketing. A number of opportunities to add profitable and cash generative activities to the group are currently being evaluated, including businesses involved in the ownership of sports media content.

Following the departures from the board of the Company at the end of today's AGM, we expect to add to the board in the coming weeks in order to broaden the expertise available to us. In this regard it is expected that John Webber who retired as Chairman of CSS in March 2006 will rejoin the board."

Enquiries

CSS Stellar Julian Jakobi 020 7078 1400

Bell Pottinger Stephen Benzikie 020 7861 3232

Landsbanki John Craven/Cameron Duncan 020 7426 9000