Notice of EGM
05 Mars 2009 - 4:42PM
UK Regulatory
TIDMBGT
RNS Number : 4019O
Bright Things plc
05 March 2009
Bright Things plc
Notice of Extraordinary General Meeting
The 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.
The 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.
As 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.
With 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.
The 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.
For further information:
Bright Things plc
Dominic Wheatley, CEO07976 295 071
Charles Delamain, COO07884 233 269
HB Corporate 020 7510 8600
Luke Cairns
Rory Creedon
Threadneedle Communications 020 7653 9850
Graham Herring
Alex White
This information is provided by RNS
The company news service from the London Stock Exchange
END
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