Business
Posting of Circular
Posting of Circular.
About this update from Optibiotix Health Plc
[{"type":"text","content":"\n \nThis announcement should not be forwarded or transmitted in or into the United\nStates, Canada, Australia, South Africa, Japan or any other jurisdiction where\nit would be illegal to do so. The ordinary shares have not been, registered\nunder the United States Securities Act 1933 (as amended) or under any of the\nrelevant securities laws of any state of the United States or of Canada,\nAustralia, South Africa or Japan. Accordingly, none of the Company's ordinary \nshares may (unless an exemption under relevant securities laws is applicable)\nbe offered, sold, resold or delivered, directly or indirectly, in or into the\nUnited States, Canada, Australia, South Africa or Japan or for the account or\nbenefit of any such person located in the United States, Canada, Australia,\nSouth Africa or Japan.\n\n Ceres Media International Plc \n\n (\"Ceres\" or the \"Company\") \n\n Notice of General Meeting \n\n \n\nCeres Media International Plc announces that it is today posting a circular to\nshareholders (\"Circular\") containing a notice convening a general meeting of\nthe Company (\"General Meeting\")to be held at 9.00a.m. on 18 November 2013, at\nthe offices of Peterhouse Corporate Finance Limited, 31 Lombard Street, \nEC3V 9BQ.\n\nThe Circular contains proposals (the \"Proposals\") for, inter alia:\n\n \n\n * the disposal of its trading subsidiaries\n \n * the adoption of an Investing Policy under AIM Rule 15\n \n * the reorganisation of the share capital of the Company\n \n * a placing by Peterhouse Corporate Finance Limited of ordinary shares at a\n price of £0.0004 to raise £285,000\n \n * the issue of warrants\n \n * the change of name\n \nSummary\n\nFollowing the Company's interim results for the six month period to 31 January\n2013, the board of the Company (the \"Board\") has been reviewing the performance\nof the business. The Board has now concluded that due to the limited resources\nand difficult trading conditions faced by the trading subsidiaries, the\nperformance of the Company and its subsidiaries is not currently strong enough\nto generate revenues to support the costs associated with being quoted on a\npublic market.\n\nThe directors of the Company (the \"Directors\") are therefore proposing to\ndispose of the Company's subsidiary Ceres Media Plc, which is the holding\ncompany of the group's trading companies, to...