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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cabletel Communications Corp | AMEX:TTV | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
RNS Number:7844K Talent Group PLC 07 May 2003 Talent Group plc ("Talent" or "the Company") Chairman's AGM statement The following is the text of the statement which the chairman, Robert Benton, will be making at the Company's Annual General Meeting at 11:00 a.m. today. "We were delighted with the viewing figures generated by the recent fourth programme in the Test the Nation series for BBC1, the IQ Test 2003. Progress generally is encouraging and especially that being made by our new division Talent Kids, under Annie Miles, who joined us in January this year. However, the timing of the commissioning of programmes is outside our control and it now looks likely that a decision on a fifth series of The Villa for Sky One will now be delayed until the fourth series is transmitted later in the year and after the end of the Company's financial year. At the time of the reverse takeover of RMR plc by Talent Group Limited to form Talent Group plc, the Company made it clear that it intended to invest in additional resources to facilitate expansion. These resources are predominantly people based and the effect of this, coupled with the delay referred to above, will have an adverse effect on the profitability of the company in the short term. However your Board believe this expansion is in the long term interests of the company and shall continue to invest in the future. I mentioned in my report contained in the Annual Report and Accounts that the company had applied for a Research and Development Tax Credit. I am pleased to announce that we have now received #295,000 of the total anticipated tax credit of #320,000. Together with our existing resources this leaves the Company with sufficient liquidity to pursue its immediate plans. Shareholders who subscribed for shares in the Company and applied for relief under the Enterprise Investment Scheme ("EIS") will be pleased to learn that the Inland Revenue has informed us that the Company's status as a qualifying company has not been affected by the reverse takeover and EIS relief previously granted will not be withdrawn as a result." This information is provided by RNS The company news service from the London Stock Exchange END AGMEAESXELNDEFE
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