Annual Report and Accounts an

RNS Number : 0954X

Ten Alps PLC

07 August 2009

 



                                                                                                                                                    7 August 2009

Ten Alps plc

Annual Report and Accounts 

and Notice of Annual General Meeting

Ten Alps Plc (AIM:TAL) ('Ten Alps' or the 'Company') the factual media company, today releases its annual report and new broadcast TV showreel (both available at www.tenalps.com) and hereby gives the Notice that the Annual General Meeting ('AGM') of the Company will be held at 7th Floor,  80 Victoria Street, London, SW1E 5JL on 3 September at 10.30 a.m. for the following purposes:

Ordinary Business

To consider and, if thought fit, pass the following as special resolutions:

		1.	To receive the Company's audited financial statements for the year to 31st March 2009, and the Directors' report and the Auditors' report on those financial statements.
		2.	To reappoint Grant Thornton UK LLP as Auditors of the Company and to authorise the Directors to fix their remuneration.
		3.	To reappoint Alex M Connock as Chief Executive Director

.

Special Business

To consider and, if thought fit, pass the following as special resolutions:

		4.	THAT the Articles of Association of the Company be amended by deleting in the present Article 31.2, the words 'two times' and replacing them with the words 'five times'.
		5.	THAT, in substitution for the Directors' existing authorities, the Directors be and are hereby generally and unconditionally:

					a)	authorised, pursuant to section 80 of the Companies Act 1985 (the 'Act') to exercise all powers of the Company to allot relevant securities (as defined in section 80(2) of the Act) up to an aggregate nominal amount of £639,141; and
					b)	empowered, pursuant to section 95(1) of the Act, to allot equity securities (as defined in section 94(2) of the Act) for cash up to an aggregate nominal amount of £191,742 pursuant to the authority set out in paragraph (a) above as if section 89(1) of the Act did not apply to such allotment provided always that such authority and power is granted for the period commencing on the date of the adoption of this resolution and ending on the earlier of the date which is one year from the date of adoption of this resolution and the date of the 2010 Annual General Meeting of the Company.

6.

THAT the Directors of the Company be and they are hereby generally and unconditionally authorized for the purpose of section 166 of the Companies Act 1985 (the 'Act') to make one or more market purchases (within the meaning of section 163(3) of the Act) of ordinary shares of 2p each in the issued share capital of the Company ('Ordinary Shares') provided that:

					a)	the maximum aggregate number of Ordinary Shares authorised to be purchased is 9,580,720 (representing 14.99 per cent of the issued ordinary share capital of the Company);
					b)	the minimum price which may be paid for an Ordinary share (exclusive of expenses) is nominal value from time to time;
					c)	the maximum price which may be paid for an ordinary share (exclusive of expenses) is an amount equal to 105 per cent of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange for the five business days immediately preceding the day on which the purchase is made;
					d)	this authority is granted for the period commencing on the date of the adoption of this resolution and ending on the earlier of the date which is one year from the date of adoption of this resolution and the date of the 2010 Annual General Meeting of the Company; and
					e)	the Company may make a contract to purchase ordinary shares under this authority which will or may be executed wholly or partly after the expiry of the authority and may make a purchase of ordinary shares in pursuance of such a contract.

The Annual Report and Accounts for the year ended 31March 2009 and the Notice of AGM have been posted to the shareholders and are available on the Company's website www.tenalps.com

Ten Alps plc
Alex Connock, CEO	Tel: [phone]
c/o Moira McManus
www.tenalps.com
Grant Thornton, Nominated Adviser	Tel: [phone]
Fiona Owen / Robert Beenstock
Canaccord Adams, Broker
Mark Williams / Adria Da Breo Richards	Tel: [phone]
www.canaccordadams.com
Pelham Public Relations
Alex Walters / Francesca Tuckett	Tel: [phone]
www.pelhampr.com

 

END

 

 

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