LONDON - The Board of Hirco Plc (AIM: HRCO) notes the letter to its Chairman publicly released by Liberty Hedge Ventures Limited on 9 June 2011.
The Board is disappointed by the contents of the letter and disagrees with the interpretation put forward by that shareholder. The Board continues to believe in the strategy set out in its Circular dated 3 June 2011 and stands behind its content; in particular, the Board considers that shareholder support at the forthcoming extraordinary general meeting on 28 June 2011 (the "EGM") is critical to the ability of the Company to fulfil its outlined strategy.
The Board urges shareholders not be be deterred by attempts to distract the EGM process, and to vote in favour of the proposed resolutions at the EGM by submitting proxies or attending in person.
Shareholders are reminded that the deadline for receipt of proxy votes is 11.30 am (London time) on 26 June 2011.
Hirco Gutenberg Communications
David Burton, Peter Barge and Nigel McGowan US - Hugh Burnham / Michael Gallo
1. Liberty Hedge Ventures Limited has been a shareholder in Hirco Plc since its admission to trading on the London Stock Exchange's AIM market in 2006, at which time it was expressed to be a vehicle controlled by a discretionary trust in respect of which certain Hiranandani family members may be beneficiaries.
2. Liberty Hedge Ventures Limited has disclosed a 3.3% interest in the Company's share capital.
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