Last checked at 3 Sep 2009 10:27
Zest Group plc (the "Company")
Result of General Meeting & Capital Re-Organisation
3 September 2009
Zest Group plc ("Zest" or the "Company" AIM: ZEST) wishes to announce that at the General Meeting of the Company held earlier today at the offices of Greenhair Services Ltd at Level 5, 22 Arlington Street, London SW1A, each of the resolutions put to the meeting and as set out in the notice of General Meeting were duly passed.
Following the Capital Reorganisation, the share capital of the Company now comprises:
| New Ordinary Shares of 0.01p | Deferred Shares of 0.24p | |
| Authorised | 4,000,000,000 | 4,000,000,000 |
| Issued | 173,619,050 | 173,619,050 |
The Deferred Shares have very limited rights and are effectively valueless. The Deferred Shares have no voting rights and have no rights as to dividends and only very limited rights on a return of capital. They are not and will not be admitted to or listed on any stock exchange and are not freely transferable.
New share certificates will not be issued and the existing certificates will continue to be valid following the sub division. Shareholders who hold their shares through CREST should note the company's ISIN number will not change and will continue to be valid. The record date in respect of the Capital Reorganisation is the close of business today, 3 September 2009.
Application for admission of 173,619,050 Ordinary Shares following the Capital Reorganisation ("Admission") has been made and is expected to occur on 4 September 2009. Following Admission, the Company will have 173,619,050 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
Enquiries:
Zest Group Plc
Steve Weltman, Chief Executive
+44 (0) 208 398 4144
W.H. Ireland
Katy Birkin/Nicola Rayner
+44 (0) 121 265 6330