Business
Notice of EGM
Notice of EGM.
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n RNS Number : 4019O Bright Things plc 05 March 2009 \n \n\nBright Things plc\nNotice of Extraordinary General Meeting\nThe Board of Bright Things plc ('Bright Things' or the 'Company') today announces that an Extraordinary General Meeting ('EGM') of the Company has been convened for 10.30 a.m. on Monday, 30 March 2009 at the offices of Faegre & Benson LLP at 7 Pilgrim Street, London EC4V 6LB.\nThe circular containing the Notice of EGM has been posted to the Company's shareholders and is available on the Company's website: www.brightthings.com.\nAs announced on 2 March 2009, early data has provided encouraging preliminary indications of the acceptance of the SocialGO product. However, as also announced, the Directors consider it is too early to estimate with any certainty the proportion of existing and future networks that will take up the subscription service. \nWith this in mind, the Company is seeking shareholder approval to allot new ordinary shares for cash to allow it to raise additional working capital to meet the growth demand on networks and to help fund the business whilst seeking to grow revenues towards profitability. \nThe purpose of the EGM is to propose resolutions for shareholder approval granting, inter alia, the Directors the authority to allot up to 100,000,000 new ordinary shares for cash otherwise than pro rata to existing shareholders. The timing and quantum of the allotment of any of the new ordinary shares should authorisation be granted under the resolutions will be done at the discretion of the Directors. \n\nFor further information:\nBright Things plc \nDominic Wheatley, CEO 07976 295 071\nCharles Delamain, COO 07884 233 269\n\nHB Corporate &nbs...