Business
Special Meeting - Replace
Special Meeting - Replace.
About this update from Tatton Asset Management Plc
[{"type":"text","content":"\n Titanium Asset Management Corp\n28 March 2008\n\n\nThe following replaces RNS 0533R released on 28 March 2008 at 1346. The changes\nare to the numbers in the in the third and fourth paragraphs which were\nincorrect as result of an arithmetical error. The rest of the original\nannouncement remains unchanged and the full text of the revised announcement is\nset out below.\n\n28 March 2008\n\n Titanium Asset Management Corp.\n\n Further re: Special Meeting\n\nFurther to the announcement made on 27 March 2007, Titanium Asset Management \nCorp. ('Titanium' or the 'Company') (AIM: TAM) announces that a total of \n4,213,000 Shares were elected to be redeemed.\n\nUnder the terms of Titanium's Certificate of Incorporation, each Stockholder \nwho elected to redeem Shares will be entitled to redeem 52.42% of the Shares \nsubmitted for redemption. Accordingly, a total of 2,208,452 Shares will be \nredeemed.\n\nFurthermore, a total of 417,221 Founding Shares (comprising 333,777 Shares and \n83,444 Restricted Shares) will be purchased by Titanium at par value so that, \nfollowing the redemption referred to above, the aggregate number of Founding \nShares shall not exceed 15.2% of the issued share capital of the Company \n(excluding those Shares issued as consideration for acquisitions).\n\nAccordingly, following completion of the Acquisition on 31 March, there will be\n20,451,502 Shares in issue and admitted to trading on AIM and 612,716 Restricted\nShares in issue.\n\nFor further information:\n\nTitanium Asset Management Corp.\nJohn Sauickie, Chief Executive Officer +1 941 361 2191\nNigel Wightman, Executive Director + 44 7789 277849\n\nSeymour Pierce Ltd\nJonathan Wright +44 20 7107 8000\n\nPenrose Financial\n\nGay Collins +44 20 7786 4888\nKay Larsen\[email protected]\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n EUFMASASELD \n ","length":2313,"tagName":"div"}]