Result of EGM

RNS Number:0780M
Innobox PLC
09 June 2003


Innobox Plc (the "Company")

Result of AGM and EGM and Directorate change

9 June 2003



At the annual general meeting of the Company held today at 10.00am, all of the
resolutions were duly passed.


At the extraordinary general meeting of the Company held today at 10.05am, the
two resolutions put forward in the circular to shareholders dated 16 May 2003
were duly passed.


The strategy of the Company is now to develop a portfolio of businesses within
the licensed trade sector and the directors are already working to acquire the
first of these businesses and a further announcement in this regard is expected
shortly.


As set out in the circular to shareholders dated 16 May 2003, Bob Bushman has
now resigned as Non-executive Chairman of the Company and Arthur Baker has been
appointed as Executive Chairman. Russell Stevens has stepped down as
Non-executive Deputy Chairman and has been appointed as part time Chief
Executive of the Company. Mark Jones has stepped step down as Chief Executive
and has been appointed as a Non-executive Director of the Company.


The Company made the relevant disclosures pursuant to Schedule 2(f) of the AIM
Rules with regard to the appointment of Arthur Baker as Executive Chairman in
the circular to shareholders dated 16 May 2003.



Enquiries:

Russell Stevens                         07860 562621
Chief Executive, Innobox Plc            [e-mail]

Philip Johnson                          0161 214 6540
Brown, Shipley & Co. Limited            [e-mail]

David Bick / Trevor Philips             020 7929 5599
Holborn Public Relations Limited        [e-mail]




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

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