Result of EGM

RNS Number:6713U
Avesco PLC
27 January 2004


27 January 2004


                                   Avesco plc
                    Result of Extraordinary General Meeting

The Board of Avesco plc (the "Company") announces that, at the EGM held today,
shareholders passed all resolutions set out in the notice of EGM contained in a
circular sent to Avesco shareholders on 30 December 2003 setting out details of
the Company's proposed Demerger.

Accordingly, subject to the consent of the Court, it is expected that the
proposed Demerger will progress in accordance with the following timetable:

                                                                                                 2004
Last day of trading on AIM for Old Avesco Shares prior to suspension                      17 February
from trading for Court hearing                                           
Demerger Record Time                                                         6.00 p.m. on 17 February
Court hearing of petition to confirm the Old Avesco Reduction of Capital                  18 February
Old Avesco Reduction of Capital occurs and the Demerger is completed         5.30 p.m. on 18 February
Dealings in New Avesco Shares commence on AIM                                8.00 a.m. on 19 February
Dealings in InvestinMedia Shares re-commence on AIM                          8.00 a.m. on 19 February
Crediting of New Avesco Shares to CREST                                      8.00 a.m. on 19 February
Despatch of share certificates for New Avesco Shares and InvestinMedia                 by 26 February
Shares


Words and expressions defined in the circular to shareholders dated 30 December
2003 have the same meaning when used in this announcement.


Enquiries:

Avesco plc                                                        01293 583400
Richard Murray, Chairman
David Nicholson, Group Chief Executive
Ian Martin, Non-executive Director

Durlacher Limited (Nominated Adviser and joint broker to Avesco)  020 7459 3600
Richard Swindells, Director, Corporate Finance


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