Regarding Notice of EGM

15 May 2007 15:56

Yoomedia PLC15 May 2007 YooMedia PLC (the "Company" or "YooMedia") Clarification of Notice of EGM The Directors of YooMedia plc, the AIM-traded interactive media and games group,note that there appears to have been inaccurate reporting and comment regardingthe Notice of EGM announced on 14 May 2007. For the purposes of clarification,the Company is, inter alia, seeking the authority from shareholders to allot upto 200,000,000 ordinary shares of 1p nominal value in the Company ("OrdinaryShares") in accordance with the terms of the Convertible Loan agreementsannounced on 11 May 2006. No Ordinary Shares will be issued at less than nominalvalue. In addition and quite separately the Company is seeking, inter alia, to renewexisting authority under section 80(2) of the Companies Act 1985 to issueOrdinary Shares up to an aggregate nominal amount of £1,500,000. Again, if theCompany were to issue any Ordinary Shares under this authority, they would beissued at not less than nominal value. * * ENDS * * Contacts: Michael Sinclair, Executive ChairmanNeil MacDonald, Group Managing DirectorYooMedia plc+44 (0) 20 7462 0870 Isabel CrossleySt Brides Media & Finance Ltd+44 (0) 20 7242 4477 Mark PercySeymour Pierce Limited+44 (0) 20 7107 8000 YooMedia plc YooMedia plc is one of the UK's leading interactive entertainment content andservice providers. It conceives and delivers interactive content with whichbrands can engage and secure transactions from their consumer base. Thisactivity takes place across and can integrate multiple platforms, includinginteractive television, the web and mobile phones. The Company's client base includes broadcasters & content owners; brand ownersand advertisers; gaming operators, and retailers and service providers. This information is provided by RNS The company news service from the London Stock Exchange