MPH.L Regulatory News (MPH)

31 Aug 2006 14:27

Marchpole Holdings PLC31 August 2006 31 August 2006 Marchpole Holdings plc ("Marchpole" or the "Company") Notice of Annual General Meeting Proposals for share consolidation and share buy-back On 18 August 2006, Marchpole despatched its annual report and accounts toshareholders in respect of the year ended 31 March 2006, together with a noticeof its annual general meeting to be held on 12 September 2006. Copies areavailable on the Company's website www.marchpole.com. Included within the special business for approval at the annual general meetingare proposals for a share consolidation and a share buy-back. The proposed share consolidation is on the following basis: every five existingordinary shares of 1p each to be consolidated and redesignated as one newordinary share of 5p each. Fractional entitlements will be aggregated intowhole shares and sold in the market and net proceeds of sale will be distributedto shareholders entitled to such fractions. Cheques in respect of the netproceeds of sale are expected to be despatched by 29 September 2006. Application will be made to the UK Listing Authority for the new ordinary sharesto be admitted to the Official List and to be admitted to trading on the LondonStock Exchange. It is expected that dealings in the new ordinary shares willcommence on 18 September 2006. Share certificates in respect of the newordinary shares are expected to be despatched by 29 September 2006 to thoseshareholders who hold their shares in certificated form. Shareholders who holdtheir shares in uncertificated form through CREST are expected to have theirCREST accounts adjusted to reflect their entitlement to new ordinary shares on18 September 2006. Aside from having a different nominal value, the new ordinaryshares will carry the same rights as the existing ordinary shares. Under the terms of the proposed share buy-back, authority is to be granted tothe Directors to make market purchases of the ordinary shares of up to 10% ofthe issued share capital at a price not exceeding 105% of the average marketprice over the five previous business days. Enquiries: John Harrison, Finance Director 020 7908 7777 This information is provided by RNS The company news service from the London Stock Exchange