Avacta Group Regulatory News (AVCT)

7 Aug 2006 12:58

Readybuy PLC07 August 2006 Readybuy plc ("Readybuy" or the "Company") RESULT OF EGM On 14 July 2006, Readybuy plc announced that it had conditionally agreed toacquire the entire issued share capital of Avacta Limited, a biophysics companywhich is developing proprietary technologies for the rapid detection andidentification of biological and chemical hazards aimed at customers in homelandsecurity and defence. At the Extraordinary General Meeting of Readybuy, which took place earliertoday, all resolutions put to shareholders to effect the Acquisition and thePlacing were duly passed. As a result of the passing of the resolutions, the holders of Avacta IssuedShares have become entitled to 475,530,102 new Ordinary Shares, representing71.05 per cent. of the Enlarged Share Capital. It is expected that Admission of the First Admission Shares will becomeeffective and that dealings in the First Admission Shares will commence on AIMon 8 August 2006. All terms used in this announcement are defined as set out in the admissiondocument dated 13 July 2006. For further information: Readybuy 0870 835 4367Professor Alastair Smith (Non-executive director) WH Ireland 0161 832 6644David Youngman This information is provided by RNS The company news service from the London Stock Exchange