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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Advance Capital | LSE:ACN | London | Ordinary Share | GB0002632569 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:9893B Advance Capital Invest PLC 16 August 2004 For immediate release 16 August 2004 ADVANCE CAPITAL INVEST PLC ("ACI" or the "Company") RESULT OF AGM AND EGM On 23 July 2004 Advance Capital Invest plc announced the acquisitions of Imagesound Limited ("Imagesound"), TTL Music Limited ("TTL") and Rolec Limited ("Rolec"); three complementary businesses involved in the supply of licensed instore music, radio and TV services to the retail and leisure sectors. At the Annual General Meeting and Extraordinary General Meeting of ACI, which took place earlier today, all resolutions put to shareholders to effect the Acquisitions and the Placing were duly passed. Among the resolutions passed at the EGM were resolutions to enable the Company to raise #3,000,000 through the placing of 15,000,000 ordinary shares of 10p ("Ordinary Shares") at 20 pence and issue of 36,900,000 Ordinary Shares (together being the "New Ordinary Shares") as consideration for the Acquisitions. The change of the Company's name to Imagesound plc (ticker: ISD) and admission to AIM of the New Ordinary Shares is expected to occur on 18 August 2004. -Ends- For further information: Advance Capital Invest plc 020 7357 9477 Nigel Whittaker, Chairman Imagesound 01246 572 990 Michael Clark, Chief Executive Hogarth Partnership 020 7357 9477 James Longfield / Georgina Briscoe Notes to Editors: Imagesound is the UK's leading listed supplier of instore music, radio and TV services. It provides services to over 40 leading branded retail and leisure chains reaching a total of 10,000 subscriber outlets. Customers include Superdrug, Yates, B&Q, Foot Locker, Carphone Warehouse, McDonald's, Subway, Halifax, Pitcher & Piano, Tiger Tiger, Holiday Inn, Holmes Place, O'Neil's, Fitness First, Pizza Express and Comet. Imagesound estimates that of the 200,000 branded retail and leisure outlets in the UK only 50,000 currently use a licensed music provider. The adoption of broadband and satellite technology has enabled Imagesound to provide its clients with highly bespoke daily playlists tailored to match customer demographics and promotional advertising right (audio and visual) right at the point of sale. Music profiles and message campaigns can be targeted at national, regional or even individual outlets. Research has shown that instore music and messaging can increase dwell times and influence purchasing decisions in store. This information is provided by RNS The company news service from the London Stock Exchange END AGMILFLLTEIRLIS
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