Asa Resources Regulatory News (ASA)

9 Nov 2006 11:32

Mwana Africa PLC09 November 2006 Mwana Africa plc Results of Extraordinary General Meeting London, 9th November 2006 - At today's Extraordinary General Meeting of MwanaAfrica plc ("the Company") approval was given by shareholders to a specialresolution to cancel the Share Premium Account of the Company. This will enablethe deficit on the Company's profit and loss account to be eliminated and createdistributable reserves to enable the Company to reduce the number of issuedOrdinary Shares in the Company through a scheme to buy back Ordinary Shares. Atthe Company's Annual General Meeting on the 20th October a resolution was passedauthorising a buy back of Ordinary Shares. It is anticipated that the Court Order confirming the cancellation of the SharePremium Account will be made on or about 6 December 2006. The cancellation ofthe Share Premium Account will only take effect when an office copy of the CourtOrder is duly registered by the Registrar of Companies which is expected to takeplace on 13 December 2006. ENDS Enquiries: Oliver Baring, Executive Chairman Tel: 020 7654 5588Kalaa Mpinga, Chief ExecutiveMwana Africa plc Tom Randell / Maria Suleymanova Tel: 020 7653 6620Merlin This information is provided by RNS The company news service from the London Stock Exchange