OPM.L Regulatory News (OPM)

1PM PLC

(AIM: OPM)

Result of General Meeting

1pm plc ("1pm" or "the Company"), the specialist provider of lease asset finance to the SME sector, is pleased to announce that at the General Meeting held today all the resolutions tabled were duly passed.

As previously announced, 1pm has completed a placing of 1,639,999,999 new ordinary shares of 0.06818 pence each ("Ordinary Shares") at a price of 0.07 pence per share raising new monies totalling approximately £1.15 million, before expenses ("the Placing"). In addition the Company issued one warrant for every six Placing shares exercisable at 0.07 pence per share. The Placing was split into two tranches, a firm placing ("Firm Placing") and a conditional placing ("Conditional Placing"), both at a placing price of 0.07 pence per Ordinary Share. The Conditional Placing was subject to shareholder approval granted at today's General Meeting to grant the Directors authority to issue 1,067,999,998 new Ordinary Shares.

Accordingly, application has been made to the London Stock Exchange plc for the 1,067,999,998 Conditional Placing shares to be admitted to trading on AIM. Further to the passing of all resolutions at the General Meeting, it is expected that the new Ordinary Shares will be issued and admitted to trading on AIM on or about 8.00 a.m. on 1 April 2010.

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following admission of the Ordinary Shares its issued share capital will consist of 3,158,979,085 ordinary shares. The Company does not hold any shares in treasury. The total number of voting rights in the Company is therefore 3,158,979,085. Shareholders may use these figure 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 under the FSA's Disclosure and Transparency Rules.