Business
Notice of AGM
Notice of AGM.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n \nRNS Number : 1673F Dillistone Group PLC 28 April 2011 \n \n\n28 April 2011\nDillistone Group Plc\n(\"Dillistone\" or the \"Company\")\nPosting of Notice of AGM and Annual Report and Accounts and proposed Bonus Issue\n \nDillistone, the AIM quoted supplier of recruitment software, is pleased to announce that it has today posted its notice of annual general meeting, to be held at 11 a.m. on 13 June 2011 at the registered office of the Company, 3rd Floor, 50-52 Paul Street, London EC2A 4LB (\"AGM\"), and its report and accounts in respect of the financial year ended 31 December 2010, to shareholders.\nAt the AGM Dillistone will propose, amongst other matters, an ordinary resolution to approve a bonus issue of two new ordinary shares of 5 pence each, credited as fully paid (\"Bonus Shares\") for every one existing ordinary share of 5 pence each in the issued share capital of the Company (\"Ordinary Shares\") held by each shareholder on the register of members at 5.00 p.m. on 13 June 2011 (the \"Record Date\") (the \"Bonus Issue\").\nThe effect of the Bonus Issue will be to increase the number of Ordinary Shares in issue and the holding of each shareholder will be increased on a pro rata basis with an expected corresponding adjustment to the market price of each share.\nAs at 15 April 2011 (being the latest practicable date prior to publication of the AGM notice), there were 5,665,441 Ordinary Shares in issue. On the basis that no further Ordinary Shares are issued on or before Monday 13 June 2011, being the date of the AGM and the Record Date, 11,330,882 Bonus Shares will be issued under the Bonus Issue and an amount of approximately £566,545 standing to the credit of Company's profit and loss account will be capitalised and will then be applied in paying up in full at par such Bonus Shares. There are outstanding 33,884 options capable of exercise during the period prior to the Record Date and accordingly appropriate authority will be sought to ensure that the obligation to issue Bonus Shares attributable to any further Ordinary Shares issued under such options prior to the Record Date can be satisfied.\nApplication will be made to the London Stock Exchange for the Bonus Shares to be admitted to trading on AIM. It is expected that Admission will take place and dealings in the Bonus Shares will commence on 14 Ju...