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14 May 2012 15:36
For immediate release: 14 May 2012
Kingswalk Investments Limited
("Kingswalk" or "the Company")
Result of Extraordinary General Meeting
and Holdings in Company
The Board of Kingswalk Investments Limited (AIM: KWI) is pleased to announce that, following the extraordinary general meeting of shareholders of the Company ("Meeting") held earlier today, all proposed resolutions have been duly passed.
Application for the admission to trading on AIM ("Admission") of 93,333,333 new ordinary shares of 0.1p each ("Ordinary Shares") issued pursuant to the subscription ("Subscription Shares") announced on 30 April 2012 and 3,200,000 Ordinary Shares issued by the Company in satisfaction of a £24,000 debt as announced on 30 April 2012 ("Conversion Shares") has been made and Admission of the Subscription Shares and the Conversion Shares is expected to occur on 15 May 2012. Following Admission, the Company's share capital will comprise 281,705,006 ordinary shares of 0.1 pence each, all of which will be admitted to trading on AIM, and 185,171,673 deferred shares of 0.9p each ("Deferred Shares"). As announced on 30 April 2012, the Deferred Shares will not be admitted to trading on AIM.
Following Admission, the Company has been notified of the following significant shareholdings in the Company:
Shareholder | Number of Shares | Percentage Shareholding |
Courvoisier et Associés SA | 60,500,095 | 21.48 |
Hearth Investments Limited | 29,833,333 | 10.59 |
Roderick Gentry | 29,311,858 | 10.41 |
John Morton | 16,636,490 | 5.91 |
Susan Roughley | 9,765,490 | 3.47 |
For further information please contact:
Kingswalk Investments Limited
Paul Everitt: +44 (0)14 8173 2888
www.kingswalkinvestments.com
Daniel Stewart & Company Plc - Nominated Adviser and Broker
Noelle Greenaway, Director, Corporate Finance: +44 (0)20 7776 6550
Martin Lampshire, Head of Corporate Broking
GTH Communications
Toby Hall: +44 (0)20 3103 3903
Suzanne Johnson Walsh: +44 (0) 3103 3902
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