HPAC.L Regulatory News (HPAC)

6 Mar 2006 10:55

India Outsourcing Services PLC06 March 2006 For immediate release 6 March 2006 INDIA OUTSOURCING SERVICES PLC ("India Outsourcing" or "the Company") Result of Extraordinary General Meeting India Outsourcing Services plc (AIM: IOS), a company formed to capitalise onacquisition and investment opportunities primarily in the Indian businessprocess outsourcing (BPO) market, is pleased to announce that all resolutionswere passed at the Extraordinary General Meeting of the Company held earliertoday. The Placing announced on 9 February 2006, in which India Outsourcingconditionally raised £3 million before expenses from institutional and otherinvestors, will complete upon admission of the Placing Shares, which is expectedto take place at 8am on 7 March 2006. Haresh Kanabar, India Outsourcing's Chairman, commented: "I would like to takethis opportunity to welcome the investors who joined India Outsourcing'sshareholder base in the Placing. We will continue to execute our strategy andlook forward to updating shareholders in due course on progress towards ourfirst acquisition." For further information: India Outsourcing Services plc Tel: 020 7070 7241Haresh Kanabar, Chairman Amit Pau, Chief Executive Daniel Stewart & Company plc Tel: 020 7776 6560Lindsay MairNicholas Marren Buchanan Communications Tel: 020 7466 5000Mark CourtElly Williamson This information is provided by RNS The company news service from the London Stock Exchange