Abrdn Property Regulatory News (API)

9 Jan 2008 15:48

API Group PLC09 January 2008 9 January 2008 API Group plc Result of General Meeting Further to the announcement, distribution of the prospectus and notice of theGeneral Meeting by the Company on 17 December 2007 in connection with the OpenOffer of new shares to raise £8 million, the Board of API is pleased to announce that all resolutions required to effect the Open offer were duly passedat today's General Meeting. It is anticipated that 35,557,213 new ordinary shares of 1 pence each will beadmitted to trading on 18 January 2008. The new ordinary shares will rank paripassu with the ordinary shares of 1 pence each to be created immediately before Admission in accordance with the share sub- division (as defined and describedin the prospectus dated 17 December 2007). In addition, the Company received shareholder approval for a possible move tothe Alternative Investment Market and expects to announce its intentions inthis regard on 11 January 2008. Ends Enquiries Andrew Turner, Group Chief Executive Officer, 01625 858700API Group plc Tim Spratt / Nicola Biles 020 7831 3113Financial Dynamics Nick Westlake / Bruce Garrow 020 7260 1000Numis Securities Ltd This information is provided by RNS The company news service from the London Stock Exchange