Titania Internet Ventures plc

October 15, 2014 07:17 ET

AGM Statement

15 October 2014

                                       Titania Internet Ventures Plc
                                              (the "Company")
                                               Result of AGM
The Directors of the Company announce that all resolutions put to shareholders at the Company's Annual
General Meeting held on 14 October 2014 were duly passed, including the capital reorganisation, comprising
a consolidation of every 100 ordinary shares of 0.1p into one consolidated ordinary share of 10p and the
sub-division of all such consolidated ordinary shares into one ordinary share of 0.1p and one deferred
share of 9.9p.

As a result of the passing of the resolutions, the new ISIN Number for the Company's ordinary shares is:

New share certificates are expected to be posted to shareholders in their new form by 29 October 2014.
Certificates for ordinary shares dated on or before 14 October 2014 will cease to be valid.

The Company has now issued £63,000 of convertible loan notes repayable at par on 31 September 2019.  The
principal terms of the Loan Notes are:

(i)   Conversion - the Loan Notes are convertible into ordinary shares of 0.1p in the Company ("Ordinary
Shares") (subject to the capital reorganisation referred to above) at a conversion price of 0.7p per share,
subject to a limitation to prevent any noteholder from having an interest (following conversion) in 30% or
more of the voting rights in the Company, either alone or taking into account the interests of any
person(s) acting in concert or deemed to be acting in concert (as defined in the City Code on Takeovers and
Mergers) with the noteholder.

(ii)   Repayment - the Loan Notes are repayable at par on 31 September 2019.

(iii)   Interest - the Loan Notes do not carry interest.

The Board of Titania confirms that the Company has 993,664 ordinary shares of 0.1p in issue carrying voting
rights.  The above figure may be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or change to their interest in the Company
under the FCA's Disclosure and Transparency Rules.

The Directors of the Company accept responsibility for this announcement.

For further information, please contact:

Titania Internet Ventures Plc

Pasi Marjanen, Managing Director phone no +44 (0)20 3239 9163.

ISDX Corporate Adviser

SVS Securities Plc

Kulvir Virk +44 (0)203 700 0100

About Titania Internet Ventures Plc

The Company's ordinary shares are admitted to trading on the ISDX Growth Market in London.

The Company has the ISDX trading symbol TITP.

Titania Internet Ventures plc

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  • Titania Internet Ventures plc