Cleardebt Group PLC
22 November 2006
ClearDebt Group plc
Circular re. EGM
ClearDebt Group plc (the 'Company') announces that a circular, including a
notice convening an extraordinary general meeting of the Company ('EGM') to be
held at George House, 48 George Street, Manchester M1 4HF at 10.00 am on Friday,
15 December 2006, has been posted to shareholders today.
The purpose of the EGM is to consider and, if thought fit, approve resolutions
to:-
- authorise the directors to allot ordinary shares in the capital of the
Company for the purposes of section 80 of the Companies Act 1985 (the 'Act');
and
- to disapply the provisions of section 89(1) of the Act in respect of
pre-emption rights, subject to certain limits.
The Company is in advanced discussions with potential investors relating to the
placing of additional share capital in order to fund further growth and to
provide additional working capital.
Copies of the circular, containing further details of the proposals, will be
available to the public, free of charge, from the Company's registered office at
George House, 48 George Street, Manchester M1 4HF.
For further information please contact:
David Mond, ClearDebt Group plc Tel: 0161-228 7444
David Youngman, WH Ireland Limited Tel: 0161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
