Ocean Finance Loans:
£9.12m
0.000p ()
11.25p
Zamano PLC
12 December 2007
12 December 2007
zamano Plc
("zamano" or the "Company" or the "Group")
Result of EGM
On 26 November 2007, zamano, a leading provider of digital entertainment to
mobile devices, announced that it had conditionally agreed to acquire the entire
issued share capital of Red Circle Technologies Limited ("Red Circle"), a Dublin
based digital entertainment company, for consideration of up to €24.4 million.
At the extraordinary general meeting of the Company, which took place earlier
today, the resolution proposed to effect the Acquisition was unanimously passed
by shareholders. It is expected that completion of the acquisition will occur
later today.
Following completion of the Acquisition the vendors of Red Circle will become
entitled to an aggregate of 11,315,789 Ordinary Shares in the Company,
representing 14.0 per cent. of the enlarged share capital of zamano.
It is expected that the Enlarged Share Capital will be admitted to trading on
AIM and IEX, and that dealings in the Enlarged Share Capital, will commence on
AIM and IEX at 8.00a.m. on 13 December 2007.
In addition to the resolution dealing with the Acquisition, at the EGM,
shareholders were also asked to consider proposals to adopt two new share plans
for employees, a Share Participation Plan and a Share Save Plan, which the Board
believes will help motivate and retain staff and align their interests with
those of Shareholders. Details of these proposed share plans were set out in the
Admission Document sent to Shareholders on 26 November 2007. The resolutions
relating to the new share plans were approved by shareholders.
All terms used in this announcement are defined as set out in the admission
document issued by the Company dated 26 November 2007.
Contacts:
zamano
John O'Shea (Managing Director) +353 1 488 5830
Colm Saunders (Finance Director) +353 1 511 1224
www.zamano.com
NCB Corporate Finance
Conor McCarthy +353 1 611 5100
Shane Lawlor www.ncb.ie
Seymour Pierce
David Newton +44 207 107 8000
www.seymourpierce.com
Edelman
Rebecca Penney / Laura Cocker (London) +44 207 344 1577 / +44 207 344 1579
Mark Cahalane/ Joe Carmody (Dublin) +353 1 678 9333
www.edelman.com
NCB Stockbrokers Limited and Seymour Pierce Limited are each acting exclusively
for zamano and for no one else in connection with the Proposals and will not be
responsible to anyone other than zamano for providing the protections afforded
to clients of NCB Stockbrokers Limited and Seymour Pierce Limited (as the case
may be) or for providing advice in relation to the Acquisition.
This announcement and the information contained herein is not for publication,
distribution or release in whole or in part, in or into, the United States of
America, Canada, Australia or Japan or any other jurisdiction where such
publication, distribution or release would be unlawful.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange