Totally PLC
20 June 2001
For Immediate Release
20th June, 2001
Totally Plc
('Totally' or 'the Company')
Results of Annual General Meeting
At the Annual General Meeting of the Company held at 10.00am today all the
resolutions, including inter alia, the adoption of the EMI Scheme, the
increase in authorised share capital, the disapplication of pre-emption rights
and the amendment to the Company's Articles of Association, were duly passed.
Placing
The Company announces today that pursuant to the authority granted at the
Annual General Meeting held earlier today it has issued 5,166,665 new Ordinary
Shares for cash at 6p per share, raising £310,000, for working capital
purposes. 1,666,666 of these were subscribed by Mr Steve Burns, Chief
Executive of the Company, whose resultant beneficial shareholding is 4,750,666
Ordinary Shares, equivalent to 14.1 per cent. of the enlarged issued share
capital of the Company. The remaining 3,499,999 new Ordinary Shares were
subscribed by other investors.
Contracts for Services
In addition, the Company has also issued 52,750 new Ordinary Shares at a price
of 40p per share, in satisfaction of certain invoices rendered to the Company
by providers of content and services, as referred to in the Company's AIM
admission document dated 21st January, 2000.
Application will be made for the 5,219,415 new Ordinary Shares to be admitted
to trading on the Alternative Investment Market. It is expected that dealings
will commence on 27th June, 2001.
For Further Information please contact:-
Totally plc Tel: 020 7692 6929
Steve Burns - Chief Executive
Hansard Communications.Com Ltd Tel: 020 7735 9415/07778 419218
Adam Reynolds/Takki Sulaiman
John East & Partners Limited Tel: 020 7628 2200
John East
David Worlidge
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