Released: 04/06/2007
RNS Number:7450X
Spiritel PLC
04 June 2007
Spiritel plc
Circular Posted and Notice of EGM
On 4 April 2007, Spiritel plc announced that it had conditionally agreed to
modify the terms attached to its redeemable preference shares, loan notes and
loans. Spiritel plc has today posted a circular to shareholders providing
further details relating to these proposals.
The proposals are subject to shareholder approval and the circular accordingly
also contains a Notice of Extraordinary General Meeting. The EGM to approve the
resolutions set out in the circular will be held at the offices of Lane &
Partners LLP, 15 Bloomsbury Square, London WC1A 2LS at 10:00 am on Wednesday 27
June 2007.
For further information please visit www.spiritelplc.com or contact:
Spiritel plc +44 (0)20 7160 0100
Alastair Mills (Chief Executive)
Tavistock Communications +44(0)20 7920 3150
Simon Hudson
Clemmie Carr
Teather & Greenwood | Landsbanki +44(0)20 7426 9000
Sindre Ottesen
Note to Editors
Spiritel plc is a telecommunications group that offers a mix of traditional and
next generation telecommunications' services and products to business customers.
The Group listed on AIM in July 2004 (AIM: STP). Spiritel's customers who range
from large blue chip corporates to SMEs are served through the Group's two
divisions - Spiritel Wholesale and Spiritel Retail.
Spiritel Retail was established in 2006 and comprises a number of
direct-to-customer initiatives designed to guide users through the ongoing
migration to Internet Protocol (IP) based telecoms services. Through the recent
acquisitions of CallPlan Ltd, Networks Direct UK Ltd and The Ashland Group the
division has gained relationships with almost 1,000 SME customers and blue chips
including Marriott and Whitbread.
Spiritel Wholesale provides a range of voice and data products to UK and
international operators. The services include UK and international call
termination and the latest generation of IP-based communications technologies
for carrier and business customers.
Spiritel is a consolidator in the highly fragmented UK telecoms reseller market.
The Group proposes to deliver shareholder value through acquisitions, which
bring complementary products and skill sets to the Group's offering and
organically via the cross selling of Group products by fellow subsidiaries and
joint ventures.
This information is provided by RNS
The company news service from the London Stock Exchange
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