Last checked at 21 Nov 2012 14:37
21 November 2012 |
PLUS Markets Group plc
(the "Company" or "PLUS")
Result of General Meeting
The Company announces that at the General Meeting of the Company held earlier today, all resolutions were duly passed. As a result, the Company will complete the Capital Reorganisation and will now operate in line with the investing policy proposed in the circular to Shareholders dated 16 October 2012 (the "Circular").
As an investing company, PLUS will be required to make an acquisition which constitutes a reverse takeover under the AIM Rules or otherwise implement its investing policy on or before the date falling twelve months from the disposal of PLUS-SX, which occurred on 21 June 2012, failing which, the Company's Ordinary Shares would then be suspended from trading on AIM. In the event the Company's Ordinary Shares are so suspended and the Company fails to make an acquisition which constitutes a reverse takeover under the AIM Rules or otherwise implement its investing policy, the admission to trading on AIM of the Ordinary Shares would be cancelled six months from the date of suspension.
Following the completion of the Capital Reorganisation, the Company now has 386,907,464 ordinary shares of 0.01 pence each in issue. Application for admission to trading on AIM has been made to the London Stock Exchange in respect of the revised issued share capital of the Company, with admission expected to take place on 22 November 2012.
Other than where stated, capitalised terms used in this notice shall have the same meaning as defined in the Circular.
For further information, please contact:
PLUS Markets Group plc +44 20 7440 0640
Don Strang
N+1 Singer (Nominated Adviser and Broker) +44 20 7496 3000
Aubrey Powell / Alex Wright