RE: My broker8 Apr 2020 19:42
The Company is pleased to confirm that all resolutions were passed at the AGM and EGM held on 2nd April.
Capital Reorganisation
Accordingly, further to its circular on 12 March 2020, the Company can now move forward with the Capital
Reorganisation. The Company’s existing issued share capital of 1,244,488,200 (“Existing Ordinary Shares”) has
been consolidated on the basis of 100 Existing Ordinary Shares into one Consolidated Share, and in turn, each
Consolidated Share has been sub-divided into one New Ordinary Share of 0.1 pence and one Deferred Share of 9.9
pence. The Capital Reorganisation will be undertaken forthwith and the New Ordinary Shares will be admitted to
trading on AQSE as soon as a Corporate Adviser is appointed.
Change of Name
Following the vote to change the company name to Upper Thames Holdings Plc this will be implemented as soon
as possible. It is likely to take around ten days for the filings to be completed.
Total Voting Rights
Following reorganisation, the Company’s issued voting share capital will comprise 12,444,882 New Ordinary
Shares. The Company does not hold any shares in treasury. Shareholders should note that the percentage of shares
which they hold has not changed. This figure of 12,444,882 New Ordinary Shares may be used by the Company's
shareholders as the denominator for the calculations by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.
Richard Poulden Alan Gravett
Chairman Director
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