Zoo Digital Regulatory News (ZOO)

29 Sep 2006 07:03

Zoo Digital Group PLC29 September 2006 Under embargo 7.00 am 29 September 2006 ZOO Digital Group plc ("ZOO" or the "Company") Annual Report and Accounts and Notice of AGM The Board of ZOO announces that the annual report and accounts for the yearended 31 March 2006 have been posted to its shareholders. Copies of the reportand accounts and notice of Annual General Meeting ("AGM") will be available,free of charge, for a period of one month from the date of this announcementfrom the Company's Nominated Adviser and Broker, Noble & Company Limited, 5thfloor, 120 Old Broad Street, London, EC2N 1AR. ZOO's AGM will be held at 10.00am on Monday 23 October 2006 at 20 FurnivalStreet, Sheffield, S1 4QT. Proposed share consolidation In order to make the number of ordinary shares of the Company in issue moremanageable and the share price more attractive to potential investors, theCompany is proposing at the AGM, subject to shareholder approval, to effect ashare consolidation to reduce the number of authorised and issued ordinaryshares currently being 443,481,674 ordinary shares of 0.2p each. The effect ofthe share consolidation will be to consolidate every 75 ordinary shares with anominal value of 0.2 pence into 1 new ordinary share with a nominal value of 15pence. Application will be made for the new ordinary shares to be issued pursuant tothe share consolidation to trading on AIM. It is expected that dealings in thenew ordinary shares on AIM will commence on 24 October 2006. Certificates inrespect of the new ordinary shares to be issued pursuant to the shareconsolidation are expected to be issued and despatched by 27 October 2006 andCREST accounts will be credited in respect of the new ordinary shares on 24October 2006. On despatch of the new certificates any existing certificates willbecome valueless and can be destroyed. Fractional entitlements will be aggregated into whole shares and sold in themarket at the best price reasonably obtainable. For administrative convenience,as the proceeds of such sales to which any shareholder is entitled are expectedto be negligible, such proceeds will be applied for the benefit of the Companyrather than being sent to the shareholder entitled. - ends - Enquiries: Helen ThomasWeber Shandwick Square Mile020 7067 0700 Alasdair RobinsonNoble & Company Limited0131 225 9677 This information is provided by RNS The company news service from the London Stock Exchange