General Meeting of Shareholders
Jul 14, 2010
ASX RELEASE – Wednesday 14 July 2010
• SHAREHOLDERS TO VOTE ON SELECTIVE SHARE BUY-BACK FOR 3,578,057 SHARES AT 30 CENTS. • FORMER DIRECTOR AND MAJOR SHAREHOLDER TO COMPLETELY EXIT THE SHARE REGISTER. Manaccom Corporation Limited (ASX:MNL) has today called a general meeting of shareholders to vote on a selective share buy-back of shares. The purpose of this is to assist in the orderly disposal of shares held by Mr Ian Mackay, a former director and major shareholder, to avoid a protracted period of downward pressure on the share price.
About Manaccom Manaccom is an innovative and successful online lottery business that has created the popular OzLotteries.com website. Thousands of Australians each day play their lucky numbers in their favourite lottery games using this safe, secure and innovative website based on technology that has been in constant development for over 10 years. As well as continuing its growth in Australia, the Company is actively pursuing opportunities overseas, in particular the $60 billion US market and the $110 billion European markets.
For further Information: Mike Veverka CEO and Executive Director Ph: 07 3831 3705