BLINKX PLC RESULTS OF ANNUAL GENERAL MEETING
CAMBRIDGE, England - 22 September 2009 - blinkx plc (LSE AIM: BLNX.), the world's largest and most advanced video search engine, held its Annual General Meeting (AGM) in Cambridge, England today.
All of the resolutions tabled at the meeting were passed with the requisite majorities. The resolutions were as follows:
Resolution 1 - Approval of accounts
Resolution 2 - Re-election of Anthony Bettencourt as a director of the company
Resolution 3 - Re-appointment of Deloitte LLP as independent auditors
Resolution 4 - Authorize the Directors to determine the auditors' remuneration
Resolution 5 - Authorize the Directors to allot securities
Resolution 6 - Disapplication of pre-emption rights
Resolution 7 - Authority to make market purchases of company shares
Resolution 8 - That a general meeting, other than annual general meeting, may be called on not less than
14 days clear notice
Details relating to voting will be posted on the company's website, www.blinkx.com.
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Comment: Last year the Board also asked for "Authority to make market purchases of company shares". Did they do a share buyback? They did not. What the hell is the point of asking for authority and then not using it?
Item 8 is interesting. Why would they want to call a meeting other than an AGM? Maybre they expect a takeover approach. I sure hope so - put all their long-suffering shareholders out of their misery once and for all (and hopefully at a nice premium to the IPO price)...
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