RNS Number : 2205A
Media Square PLC
30 July 2008
30 July 2008
Media Square plc
("Media Square" or the "Company")
Share Consolidation
Media Square announces that further to the Company's Annual General Meeting, held
yesterday, the passing of resolutions 4 and 5 had the
following effect on the existing ordinary share capital of the Company:
* Each issued and unissued existing ordinary share of 5p each is to be converted into
1 new ordinary share of 1p each and 1 deferred
share of 4p each ("Deferred Share").
* Every 10 new ordinary shares of 1p each are to be consolidated into 1 ordinary share
of 10p each.
* All the Deferred Shares are to be transferred into the ownership of an appointed
custodian.
This affects individual shareholders in the following ways:
* For every 10 existing ordinary shares of 5p each shareholders will receive 1 new
ordinary share of 10p each. Fractional
entitlements will be ignored.
* New ordinary 10p share certificate(s) are expected to be sent to shareholders on 6
August 2008.
* The board of directors of the Company have elected to transfer ownership of the
Deferred Shares to the appointed custodian
immediately. Consequently shareholders will not receive a certificate for those shares.
* Existing 5p ordinary share certificate(s) should be destroyed.
Admission of the total of 33,170,613 new Ordinary 10p shares is expected to take place on
31 July 2008
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Enquiries to:
Media Square plc www.mediasquare.co.uk
Roger Parry/Graeme Burns 020 7535 9950
Collins Stewart Europe Limited
Chris Wells/Mark Connelly 020 7523 8350
Redleaf Communications Ltd
Emma Kane/Samantha Robbins 020 7822 0200
This information is provided by RNS
The company news service from the London Stock Exchange
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