LWRF.L Regulatory News (LWRF)

JSJS DESIGNS PLC

(AIM: JSJS)

Result of AGM, Appointment of Joint-Broker, Placing and Issue of Equity

JSJS Designs Plc ("JSJS Designs" or "the Company") announces that at its Annual General Meeting held today all resolutions proposed were duly passed.

The Company also announces that it has today appointed SVS Securities plc ("SVS") as its joint-Broker with immediate effect. In relation to SVS' appointment, the Company has today allotted 1,000,000 new ordinary shares of 0.1p each (the "SVS Shares") in the Company at 1p per share, to SVS, in lieu of part of its first year annual retainer.

The Company further announces that it has placed 20,000,000 new ordinary shares of 0.1p each (the "Placing Shares") at a price of 1.5p per share with Kam Tong Poon, conditional upon admission to trading on AIM. The placing has raised £300,000 for the Company which will be used as working capital. Kam Tong Poon is consequently interested in 20,000,000 ordinary shares in the Company representing approximately 8.42% of the enlarged voting rights of the Company.

Application for the SVS Shares and the Placing Shares to be admitted to trading on AIM has been made and is expected to occur on 8 April 2010. The SVS Shares and the Placing Shares will rank pari passu with the existing ordinary shares in issue. Following the issue of the SVS Shares and the Placing Shares and the subsequent admission to trading on AIM the Company will have 237,533,333 ordinary shares of 0.1p each in issue.

In accordance with the transitional provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that, following this issue, its issued share capital comprises 237,533,333 Ordinary Shares of 0.1p each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 237,533,333.

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 share capital of the Company under the Disclosure and Transparency Rules. 

About JSJS Designs plc 

JSJS Designs plc develops home automation systems to enable consumers to remotely operate everyday household appliances, such as lighting, heating, air conditioning, door entry, audio, video and security. The Company is targeting the potentially significant mass market as consumers increasingly seek to "retro-fit" Smart Home technologies into their homes and, in the longer term, the "Extra Care" residential market where there is demand from the providers of such schemes to enable independent living for the elderly and physically immobile.