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Name | Symbol | Market | Type |
---|---|---|---|
Ubs Etc Livst G | LSE:LIVP | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.35 | 0.42% | 83.37 | 83.16 | 83.58 | 0 | 16:35:29 |
24/12/2008 GB00B1G49D82/GBP/PLUS-exn Livewave Media plc ("Livewave", "the Company") Disposal of subsidiary The Board of Livewave confirms today that it has disposed of its operating subsidiary, Wavefinder Ltd ("Wavefinder") to the management of Wavefinder on the following terms. 1. £15,000 cash payment; 2. The assumption by Wavefinder's management of a debt of the Company of £10,000; and 3. The conversion of 1,875,000 ordinary shares in the Company held by Wavefinder's management and associates into deferred shares in the Company of nominal value. This conversion requires shareholders' approval which will be included as a resolution in a forthcoming Extraordinary General Meeting. In addition, all warrants held by Wavefinder's management in the Company have been cancelled. As a result of this transaction, the issued share capital of the Company will be reduced to 6,500,000 ordinary shares. Trading update. Following this transaction, the Company will have no operating subsidiaries. The Board has entered into negotiations which may lead to the acquisition of a profitable company operating in the sports marketing business. The report and accounts for the year ended 30 June 2008 have been delayed as a result of the above transaction but are expected to be completed by 15 February 2009. The Directors of the issuer accept responsibility for this announcement. Contact: Gary Smith 020 7851 3800 Duncan Vasey St Helens Capital Plc 020 7628 5582 Livewave Media plc
1 Year Ubs Etc Livst G Chart |
1 Month Ubs Etc Livst G Chart |
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