Result of AGM
January 16 2004 - 10:41AM
UK Regulatory
RNS Number:3419U
Advance Visual Communications PLC
16 January 2004
Advance Visual Communications plc
('AVC' or the 'Company')
Results of the AGM
At the Annual General Meeting of the Company held earlier today, all resolutions
were duly passed. In addition, the Directors considered the matter of the
Company's net assets being less than one half of the called-up share capital.
They decided to take no action at this stage as the costs associated with any
capital reorganisation were, in their view, not justified at the present time.
The Chairman informed the meeting that, as a result of the closure of the two
operating subsidiary companies on 4 July 2002, the Inland Revenue had withdrawn
the Company's status as a qualifying company for EIS relief.
The Chairman also noted that the Directors were continuing to review potential
acquisition opportunities for AVC.
16 January 2004
Press enquiries:
Advance Visual Communications plc
Barclay Douglas, Chairman 0777 182 4440
Shore Capital
Alex Borrelli 020 7408 4090
This information is provided by RNS
The company news service from the London Stock Exchange
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