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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Imagelinx | LSE:ILI | London | Ordinary Share | GB0004352935 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMILI
RNS Number : 7773N
Imagelinx PLC
17 June 2010
Imagelinx plc ("Imagelinx" or the "Company")
Result of High Court hearing
Following the Annual General Meeting held on 10 May 2010 and at which all
resolutions put to shareholders were duly passed, the Company is pleased to
confirm that a High Court order was obtained on 15 June 2010 confirming the
reduction of share capital of the Company through the cancellation of the
deferred shares of 4.9p each in the capital of the Company (the "Deferred
Shares") and the cancellation of the share premium account in relation to
resolutions 9 and 10.
As set out in the Company's annual report and accounts for the year ended 31
December 2009, the Company had an accumulated deficit on its profit and loss
reserve of GBP45,094,000 which had arisen as a result of past losses. The High
Court order to cancel the Company's share premium account and Deferred Shares
has resulted in the creation of a new reserve of GBP52,807,000 against which the
Company expects to credit its profit and loss reserve.
Enquiries:
+-----------------------------------+------------------------------+
| Imagelinx | |
+-----------------------------------+------------------------------+
| Richard Clothier, Chairman | Tel: +44 (0)7771 644 962 |
+-----------------------------------+------------------------------+
| Alistair Rae, CEO | Tel: +44 (0)7736 883 934 |
+-----------------------------------+------------------------------+
| | |
+-----------------------------------+------------------------------+
| Seymour Pierce | Tel: +44 (0)20 7107 8000 |
+-----------------------------------+------------------------------+
| Jonathan Wright / David Foreman | |
+-----------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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