CTP.L Regulatory News (CTP)

5 Mar 2007 11:43

Redstone PLC05 March 2007 Redstone plc ("Redstone" or "the Company") Result of EGM 5 March 2007 - At the Extraordinary General Meeting of the Company held todaythe ordinary resolution put to shareholders to authorise the Directors to allotthe New Ordinary Shares in connection with the Placing and Acquisition was dulypassed. The special resolution put to shareholders to disapply Shareholders' statutorypre-emption rights in relation to the issue of the Placing Shares was similarlyduly passed. Accordingly completion of the Acquisition will occur on admission of the266,666,668 Placing Shares and the 39,973,547 Consideration Shares to trading onAIM, which is expected to occur at 8.00 a.m. tomorrow, 6 March 2007. In connection with the Placing, shares were taken up by SVG Investment ManagersLimited and Gartmore Investment Management. As both of these parties aresubstantial shareholders of the Company, they are considered related partiesunder the AIM Rules. The Directors consider, having consulted with the Company'sNominated Adviser, Evolution Securities, that the terms of this transaction arefair and reasonable insofar as Shareholders are concerned. Unless the context otherwise requires, defined terms used in this announcementshall have the meanings given to them in the circular dated 8 February 2007. ENQUIRIES: Redstone plc Tel. +44 (0)845 200 2200Martin Balaam, Chief ExecutiveTim Perks, Chief Financial Officer ICIS Limited Tel. +44 (0)20 7651 8688Tom Moriarty or +44 (0)7769 937 626Paul Youens This information is provided by RNS The company news service from the London Stock Exchange