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3 Nov 2011 13:29
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3 November 2011
TEP Exchange Group PLC
("TEP" or "the Company")
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Result of AGM
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The Company announces that at its annual general meeting, held earlier today, all resolutions were duly passed, which included the resolution to effect a capital reorganisation on the following basis;
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(i) each of the issued deferred shares of 0.99p in the capital of the Company will be sub-divided into 990 new deferred shares of 0.001p ("New Deferred Shares") each: and
(ii) each of the existing ordinary shares of 0.01p will be subdivided and re-designated into one newΒ ordinary share of 0.001p each ("New Ordinary Shares") and nine New Deferred Shares.
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Following the capital reorganisation and the subscription as announced on 3 October 2011, the Company will have 849,999,999 New Ordinary Shares of 0.001p each in issue.
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Trading in the New Ordinary Shares is expected to commence on 4 November 2011.
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For further information please contact:
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TEP Exchange Group plc | |
David Roxburgh | 00 353 1 260 7746 |
Merchant Securities Limited | |
John East/Simon Clements | 020 7628 2200 |
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