PHTM.L Regulatory News (PHTM)

5 Jul 2007 16:12

Photo-Me International PLC05 July 2007 Thursday 5 July 2007 PHOTO-ME INTERNATIONAL PLC Withdrawal of EGM Requisition The Board of PMI (PHTM.L), the digital imaging company, is pleased to confirmthat, following PMI's Preliminary Announcement of 2 July 2007 and furtherdiscussions with Principle Capital Fund Managers Ltd and QVT Financial LP, theEGM Requisition, which was announced by Principle Capital on 25 June 2007, hasbeen withdrawn. As disclosed in the Preliminary Announcement, the PMI Board is continuing toexplore whether an acceptable offer might be achievable for PMI's VendingDivision. The PMI Board will provide the market with an update as to whether itintends to continue with the potential disposal of the Vending Division on orbefore 15 August 2007. Vernon Sankey, Chairman, stated "The PMI Board unanimously welcomes the factthat Principle has dropped its request for an EGM. The Board can now continue toact in the best interests of all shareholders and explore whether an acceptableoffer might be achievable for PMI's Vending Division. Should the strong interestin the Vending Division translate into a transaction that is recommended by theBoard, then shareholders will have an opportunity to vote on the matter." Enquiries: Photo-Me International plc 01372-453 399Vernon Sankey (Chairman) Bankside Consultants Limited (analysts)Charles Ponsonby 020-7367 8851 Tulchan Communications (media) 020-7353 4200David Allchurch This information is provided by RNS The company news service from the London Stock Exchange