SECO Secora

RNS Number:9043O
Secora PLC
28 February 2008


Notice of EGM & Circular to Shareholders

28 February 2008

Secora plc ("the Company")

The Board of Secora plc has issued today a circular to shareholders which sets
out proposals intended to broaden the Company's investment and acquisition
strategy in order to rebuild the Company and shareholder value. At the same time
the Company is seeking shareholder approval to increase authorities to allot
ordinary shares and to make amendments to the Articles of Association.

Key aspects of these proposals are:

-   to broaden the Company's investment strategy to include branded products 
    businesses that sit within the consumer lifestyle sectors of leisure, 
    entertainment, retail, beauty and fashion.

-   to increase the authorised share capital of the Company to 50,000,000 
    ordinary shares and to amend the Articles of Association necessary for and 
    consequent on the increased authorised share capital.

-   to authorise the Directors to allot relevant securities up to a maximum 
    aggregate nominal amount of �568,750.

-   to authorise the Directors to allot equity securities for cash up to a 
    maximum aggregate nominal amount of �568,750.

-   to amend the Articles of Association such that all general meetings (save
    for annual general meetings) shall be called by 14 days' notice at least
    and in the case of annual general meetings, by 21 days' notice
    at least.

The proposals are subject to the approval of Ordinary Shareholders which will be
sought at an Extraordinary General Meeting to be held on 25 March 2008 at the
offices of Vantis plc, 66 Wigmore Street, London, W1U 2SB.

Marcus Yeoman, non executive chairman of Secora plc:

"Following the disappointment and significant financial impact of the Company's
failed production of "Movin' Out" in Spring 2006, the business and the board has
been restructured and is now well placed to take advantage of new opportunities
in a broader market place.

"The Company's core entertainment skills vested with Directors who have since
departed the Company to pursue their own interests. The incumbent Directors, who
include the recent appointment of Richard Thompson as chief executive, and
myself as non executive chairman, have greater experience in branded products
businesses, notably in the consumer lifestyle sectors which include
entertainment but more widely retail, leisure, beauty and fashion.

"The Board continues to be presented with opportunities in live entertainment
but believes it will often be difficult to secure reasonable control or
influence without taking the lion's share of the production budget and related
risk. We are now also regularly presented with opportunities in other brand led
sectors which may afford such control or influence and we therefore believe
there is merit in pursuing a broader strategy for the benefit of shareholders.

"The Board is enthused by the prospects under consideration and Directors, who
are all shareholders of Secora, have given irrevocable undertakings to vote in
favour of the proposed changes. This undertaking represents approximately 26.0%
of the issued share capital."

Copies of the circular will shortly be available for inspection at the Company's
registered office at Room 424 Linen Hall, 162-168 Regent Street, London W1B 5TE.


For further information:


Secora plc Office Number                                    0207 039 0187
Marcus Yeoman Chairman                                      0207 039 0187
Richard Thompson / Jemma George Executive Directors         07736 670642


Brewin Dolphin (NOMAD)
Mark Brady / Alison Barrow                                  0845 270 8600



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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