PTD.L Regulatory News (PTD)

11 Apr 2006 16:32

Pittards PLC11 April 2006 PITTARDS PLC Pittards announces that it has notified shareholders of the decision by itsdirectors to postpone, by way of withdrawal of resolutions and adjournment, theExtraordinary General Meeting, Ordinary Class Meeting and Preference ClassMeeting, each of which had been convened to be held on 13 April 2006, commencingat 1p.m. The reason for the postponement is to allow further consideration ofrepresentations which have been made to the Company by certain shareholdersfollowing the posting on 21 March of the notices convening the meetings for thepurpose of considering proposals regarding a Corporate Voluntary Arrangement ('CVA'), new equity investment of £2 million and a share capital re-organisation('the Proposals'). The Company confirms that the CVA Creditors' Meeting and the CVA Shareholders'Meeting, each of which have been convened to be held on 13 April commencing at10.30a.m., remain valid and will go ahead as planned. The directors will notify shareholders as soon as practicable of the outcome ofthe discussions with a view to reconvening the necessary meetings for theirconsideration of the Proposals, which will any event be held on no less than 21days notice, as required by the Company's Articles of Association. This information is provided by RNS The company news service from the London Stock Exchange