PAYZ Payzone

    RNS Number : 2683B
  Payzone plc
  13 August 2008
   

    Payzone plc ("Payzone" or the "Company")

    Result of Extraordinary General Meeting ("EGM")

    13 August 2008

    At an Extraordinary General Meeting of Payzone shareholders held today, a resolution proposing the removal of David Mills as a director
of the Company was overwhelmingly rejected.

    The EGM was held at 70 Sir John Rogerson's Quay, Dublin. This was in accordance with the circular sent to Payzone shareholders and
follows an earlier announcement on 4 July 2008.

    The EGM was convened following receipt by the Company of a requisition from a group of Shareholders who held, at the time of receipt of
the requisition notice, 10% or more of the paid-up share capital of the Company which carries rights to vote at general meetings of the
Company. 

    The votes cast in respect of the resolution to remove Mr Mills were as follows:

                Against the resolution:     203,050,349      (85.7% of the votes cast)
    For the resolution             33,934,753       (14.3% of the votes cast)


    Peter Smyth, Chairman of Payzone, commented: "Shareholders have again demonstrated resounding support for the board, as they did at the
two previous EGMs this year. We are delighted that David Mills remains as a non-executive director of Payzone."

    Enquiries: 


    Nominated Adviser and Broker to Payzone  
Panmure Gordon         Telephone: +44 (0) 20 7459 3600

    Hugh Morgan  
    Stuart Gledhill  

    Media Enquiries  
    Powerscourt            Telephone: + 44 (0) 20 7250 1446   
      
    Paul Durman  
Keith Brookbank   


This information is provided by RNS
The company news service from the London Stock Exchange
 
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