Last checked at 27 Feb 2007 10:59
For immediate release 27 February 2007 Mondas Plc ("Mondas" or the "Company") Result of EGM
In announcements on 18 January 2007 and 2 February 2007, the Company informed shareholders that Mondas has been transformed during the past few years both by organic growth and the acquisitions of Eclipse Learner Systems Limited and Blue Curve Limited, resulting in a number of board changes and significant restructuring of the trading operations of the Company. In addition, the Company's expanded product range has enabled Mondas to make significant international sales to growing markets within the financial services sector.
This growth has seen the Company's turnover increase from ‚£3.97 million for the year ended 30 April 2004 to approximately ‚£6.3 million (unaudited) for the year ended 31 December 2006. The above developments have altered the business considerably and the board of directors believed that to recognise these changes and to reposition the Company for the next phase of its development the name of the Company should be changed.
Accordingly, the directors are pleased to announce that at the Extraordinary General Meeting held earlier today, the resolution to approve the change of name of the Company from Mondas to Corero plc was duly passed.
ENQUIRIES:Mondas plc Jarlath McGee/Ian Selby Tel:0207 392 1300 John East & Partners Limited Simon Clements Tel: 020 7628 2200 College Hill Matthew Smallwood/Jamie Ramsay Tel: 020 7457 2020
MONDAS PLC