24 Jul 2008 15:43
For immediate release: 24th July 2008
Creon Corporation Plc ("Creon", "Company" or the "Group") RESULT OF ANNUAL GENERAL MEETING
The Directors of Creon Corporation (AIM: CRO) are pleased to announce that all resolutions were duly passed at the Company's Annual General Meeting, held today at 11 Grosvenor Crescent, London SW1X 7EE.
Accordingly, the Company has today applied for the admission to trading on AIM of 2,005,381 new ordinary shares of 1p each in the Company ("Consideration Shares") being the initial consideration for the acquisition of Pinnacle Plus Limited ("Pinnacle"). The Consideration Shares are expected to start trading at 8.00 a.m. on 1 August 2008.
Jonathan Freeman, Director of Creon, commented:
"Although the current market place for the provision of mezzanine finance to property developers remains challenging, we are pleased to have completed the acquisition of Pinnacle which adds an exciting business to the Group".
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For further information please contact:
Creon Corporation Plc Jonathan Freeman +44 (0)20 7752 0215
Daniel Stewart & Company Plc Oliver Rigby +44 (0)207 776 6550
GTH Media Relations Toby Hall +44 (0)20 7153 8039
Christian Pickel +44 (0)20 7153 8036
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