20 Jun 2008 07:00
Nature Technology Solutions Limited
(the "Company")
Report and Accounts and Notice of EGM
The Company announces that is has despatched to shareholders its report and accounts for the year ended 31 December 2007. The report and accounts can be viewed on the Company's website at www.investnature.co.uk.
The directors of the Company have been reviewing the future structure of the Company including its joint venture operations, and have commenced discussions as to how these operations might more beneficially be integrated into the Company. A number of new opportunities have been identified which the directors believe could be better exploited following the possible closer integration of certain of the Company's activities. The directors will keep shareholders advised as to the conclusion of any discussions which lead to the onwards growth of the Company
The Company has convened an EGM for 16 July at which resolutions will be proposed to effect a 20 for 1 consolidation of the Company's issued and unissued ordinary shares and to increase the authorised share capital.
At present the issued share capital of the Company comprises 496,393,384 ordinary shares of 0.001p each ("Existing Shares"). It is proposed to consolidate every 20 Existing Shares into one new ordinary share of 0.2p ("New Ordinary Shares"). Upon the consolidation, there will be 24,819,669 New Ordinary Shares in issue.
The New Ordinary Shares will replace the Existing Shares each under the Company's Articles of Association and will carry equivalent rights.
As an example, a Shareholder holding 5,000 Existing Shares will, following the consolidation, hold 250 New Ordinary Shares. The proportionate interests of Shareholders will not be affected by the proposed consolidation save for the extent of fractional entitlements. Fractional entitlements will not be allocated but instead aggregated and sold in the market for the benefit of the Company. New share certificates will be posted to Shareholders in due course.
For further information, please contact:
Nature Technology Solutions Limited
Richard Eldridge, CEO Tel: 01841 533 611
Nigel Sandy, Director Tel: 01373 473995
Seymour Pierce Limited
Jonathan Wright, Director Tel: 020 7107 8000