5 Mar 2009 15:42

BrightĀ Things plc
Notice of ExtraordinaryĀ GeneralĀ Meeting
The Board of Bright Things plc ('Bright Things' or the 'Company') today announces that an Extraordinary General Meeting ('EGM') of the Company has been convened for 10.30 a.m.Ā on Monday,Ā 30 March 2009Ā at the offices of Faegre & Benson LLP at 7 Pilgrim Street, London EC4V 6LB.
The circular containing the Notice of EGM has been posted toĀ the Company'sĀ shareholders and is available on the Company's website: www.brightthings.com.
As announcedĀ on 2 March 2009,Ā earlyĀ dataĀ hasĀ provided encouraging preliminary indications of the acceptance of theĀ SocialGOĀ product. However, as also announced, the Directors consider it is too early to estimate with any certainty the proportion of existing and future networks that will take up the subscription service.Ā
With this in mind, the CompanyĀ is seeking shareholder approval to allot new ordinary sharesĀ for cashĀ to allow itĀ to raise additional working capital to meet the growth demand on networks and to help fund the business whilst seeking to grow revenues towards profitability.Ā
The purpose ofĀ the EGM is to proposeĀ resolutionsĀ for shareholder approvalĀ granting,Ā inter alia, the Directors the authority to allotĀ up toĀ 100,000,000Ā new ordinary sharesĀ for cash otherwise thanĀ pro rataĀ to existing shareholders.Ā The timing and quantum of the allotment of any of the new ordinary shares should authorisation be granted under the resolutions will be done at the discretion of the Directors.Ā
For further information:
Bright ThingsĀ plc
Dominic Wheatley, CEO 07976 295 071
Charles Delamain, COO 07884 233 269
HB Corporate 020Ā 7510Ā 8600
Luke Cairns
Rory Creedon
Threadneedle Communications 020Ā 7653 9850
Graham Herring
Alex White
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