2008 Annual Report 11th May 2009
Ideal Shopping Direct PLC releases its 2008 Annual Report and Accounts to shareholders on May 11th 2009
Preliminary Results 16th April 2009 Paul Wright, Chairman, commented: "2008/2009 has seen significant change within Ideal, and a complete restructuring of the Board and Senior
Management team. The business has quickly stabilised, with strong and experienced managers joining the
Company. We have a real depth of home shopping knowledge and despite previous management problems, we
remain a business that is strategically well placed to take advantage of market trends toward a genuine multichannel
business in TV shopping and e-commerce. Following a re-evaluation of strategy and direction by the
new management team, initiatives are now in place to restore the business to growth and profitability."
Board changes 3rd Feb 2009
Ideal Shopping Direct PLC announces that further to the Company's announcement on 13 January 2009 stating that it had received a requisition notice requesting that the Company convene a general meeting to effect certain changes to the board of the Company ("the Board"), the Board has reached an agreement with the party that requisitioned the meeting in relation to a revised Board structure, and, as a result, the requisition notice has been withdrawn.
Ideal Shopping Direct PLC announces it has received a requisition
notice dated 13 January 2009 issued by P. H. Nominees Limited,
nominee company of Mr Paul Charles Wright and Miss Val Kaye,
requesting the Company to convene a general meeting to remove
Mr Terry William Donovan, Ms Susan Ellis and Mr David Williams
from their office as directors of the Company. The requisition
notice also proposes to appoint Mr Paul Charles Wright and
Miss Val Kaye as directors of the Company. In accordance
with the provisions of section 303 of the Companies Act
2006 the directors propose to provide notice of and call
a general meeting.
For further information please contact:
Michael Meade, Oliver Cardigan – Nominated Adviser
Mark Lander – Corporate Broking
Numis Securities 020 7260 1000
Richard Darby, Miranda Higham
Buchanan Communications 020 7466 5000
