DUPD.L Regulatory News (DUPD)

15 Feb 2008 07:00

Dragon-Ukrainian Prop. & Dev. PLC15 February 2008 15 February 2008 Dragon Ukrainian Properties & Development Plc (the "Company") Notice of EGM The Directors of the Company announce that today they have posted a circular toshareholders to convene an extraordinary general meeting ("EGM") of the Companyto be held at Standard Bank House, One Circular Road, Douglas, Isle of Man IM11SB at 12 am London time on March 7, 2008 at which the following resolutionswill be proposed:- ORDINARY RESOLUTION 1. That the share capital of the Company be hereby increased from£3,000,000 to £5,000,000 by the creation of 200,000,000 new ordinary shares of 1penny each ranking pari passu in all respects with the existing ordinary sharesof 1 penny each in the capital of the Company. SPECIAL RESOLUTION 2. That the regulations annexed to this resolution produced to the meetingand signed by the Chairman for identification purposes (the "New Articles") behereby adopted as the new articles of association of the Company in substitutionfor, and to the exclusion of, the existing articles of association of theCompany providing shareholders of the Company with a right of pre-emption inrelation to new issues of shares by the Company other than shares to be issuedfor a consideration to be paid wholly or partly otherwise than in cash andincorporating the amendment and/or replacement of certain other provisions ofthe existing Articles of Association following a full review of the Articles ofAssociation commissioned by the Board SPECIAL RESOLUTION 3. Subject to the passing of Resolution 2 above, that the Directors be andthey are hereby generally empowered to allot shares in the capital of theCompany or rights to subscribe for such shares as if Article 5 of the NewArticles (providing shareholders of the Company with a right of pre-emption inrelation to new issues of shares) did not apply to any such allotment, providedthat this power shall be limited to the allotment of shares for cash up to anaggregate nominal amount of £179,500 such power to expire at the earlier of thedate twelve months from the date of passing of this Resolution or at the nextannual general meeting of the Company, whichever is the earlier provided thatthe Company may make offers or agreements before the expiry of this power whichwould or might require such shares to be allotted after such expiry and theDirectors may allot such shares pursuant thereto as if the power conferredhereby had not expired. The Circular will be made available on the Company's website: (www.dragon-upd.com). Contact Tomas Fiala-Non-executive Director +380 44 490 7120Dragon Ukrainian Properties & Development Plc Ray Zimmerman/Jonathan Evans +44 (0) 207 060 1760Zimmerman Adams International Ltd This information is provided by RNS The company news service from the London Stock Exchange