Yoomedia PLC
15 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 regarding
the 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 up
to 200,000,000 ordinary shares of 1p nominal value in the Company ('Ordinary
Shares') in accordance with the terms of the Convertible Loan agreements
announced on 11 May 2006. No Ordinary Shares will be issued at less than nominal
value.
In addition and quite separately the Company is seeking, inter alia, to renew
existing authority under section 80(2) of the Companies Act 1985 to issue
Ordinary Shares up to an aggregate nominal amount of £1,500,000. Again, if the
Company were to issue any Ordinary Shares under this authority, they would be
issued at not less than nominal value.
* * ENDS * *
Contacts:
Michael Sinclair, Executive Chairman
Neil MacDonald, Group Managing Director
YooMedia plc
+44 (0) 20 7462 0870
Isabel Crossley
St Brides Media & Finance Ltd
+44 (0) 20 7242 4477
Mark Percy
Seymour Pierce Limited
+44 (0) 20 7107 8000
YooMedia plc
YooMedia plc is one of the UK's leading interactive entertainment content and
service providers. It conceives and delivers interactive content with which
brands can engage and secure transactions from their consumer base. This
activity takes place across and can integrate multiple platforms, including
interactive television, the web and mobile phones.
The Company's client base includes broadcasters & content owners; brand owners
and advertisers; gaming operators, and retailers and service providers.
This information is provided by RNS
The company news service from the London Stock Exchange
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