rns4 Aug 2014 12:44
04 Aug 2014 11:19:28
Ducat Ventures PLC
RNS Number : 1636O
Ducat Ventures PLC
04 August 2014

Ducat Ventures plc
("Ducat" or the "Company")
Result of General Meeting
Ducat Ventures plc (AIM: DUC) announces that, at the General Meeting held earlier today, all resolutions were duly passed.
Accordingly the Share Consolidation, resulting in the Company's Existing Ordinary Share Capital being consolidated so that every 200 Existing Ordinary Shares are consolidated into 1 New Ordinary Share, will take place at 5pm on 4 August 2014. Following the Share Consolidation, but prior to the issuing of Consideration Shares or Placing Shares there will be 5,504,534 Ordinary Shares in issue.
In addition, the following proposals become unconditional in all respects upon Admission of the Enlarged Ordinary Share Capital to trading on AIM, for which application has been made and is expected to occur at 8am on 5 August 2014:
· the acquisition by the Company of the entire issued share capital of OpitBiotix Health Limited, resulting in the admission of 25,000,000 Consideration Shares and a change of business to become a Life Sciences business developing compounds to tackle obesity, high cholesterol and diabetes
· the Placing, resulting in the admission of 41,250,000 Placing Shares
The Enlarged Ordinary Share Capital of the Company, comprising 71,754,534 New Ordinary Shares, will trade under the ISIN GB00BP0RTP38 and the TIDM of OPTI.