FST.L Regulatory News (FST)

2 Nov 2005 14:49

Immediate release: Wednesday 2 November 2005 Nanoscience Inc. ("Nanoscience" or "the Company") Result of EGM The Board of Nanoscience is pleased to announce that at the ExtraordinaryGeneral Meeting of the Company held this morning, all of the resolutionsproposed in the Notice of EGM, details of which were set out in the circular toshareholders dated 10 October 2005, were duly passed.The resolutions were in relation to, inter alia, the acquisition of ToumazTechnology Limited through the issue of 96,337,210 new Acquisition Shares at aprice of 18.4p per share and to authorise the issue of the Acquisition Sharesand the 47,333,333 new Placing Shares at a price of 15p per share pursuant tothe Placing which has raised ‚£7.1 million before expenses. The Acquisition andPlacing are conditional on Admission.Application has been made to the London Stock Exchange for the re-admission ofthe 40,100,000 Existing Ordinary Shares, and the admission of the AcquisitionShares and Placing Shares to trading on AIM. It is expected that Admission willbecome effective and that dealings in the Existing Ordinary Shares, AcquisitionShares and Placing Shares, representing in aggregate 183,770,543 ordinaryshares, will commence on 3 November 2005.Completion of the Acquisition is due to take place on 3 November 2005.Professor Christofer Toumazou, aged 44, will be appointed as an additionalnon-executive director of the Company with effect from completion of theAcquisition. Other than as set out below, there is no further information to bedisclosed under paragraph (g) of Schedule 2 of the AIM Rules.Chris Toumazou's past and current directorships within the last five years are:CurrentBio-Life Technology LimitedBio-Nano Sensium Technologies LimitedCardioassist LimitedDNA Electronics LimitedLTP Electronics LimitedToumaz Technology LimitedPastLambda Technology LimitedOxtek LimitedUnless the context otherwise requires, defined terms used in this announcementshall have the meanings given to them in the circular to shareholders of theCompany dated 10 October 2005.Enquiries:Nanoscience Inc. Tel: 07836 250 474Richard Rose, Non-Executive ChairmanStrand Partners Limited Tel: (020) 7409 3494Simon RaggettMatthew ChandlerHansard Communications Tel: (020) 7245 1100Andrew TanENDNANOSCIENCE INC