14 Mar 2006 16:47
Starvest PLC14 March 2006 Starvest plc Extraordinary general meeting At an extraordinary general meeting of Members held today, the two resolutionsbefore Members were both passed. As a consequence, the Company will now petitionthe High Court for the share premium account to be reduced by £659,487 thuseliminating the negative balance on the Company's profit and loss account as at31 January 2006. This procedure is likely to take several months. When the court order is granted and with the profits expected to be declared forthe current financial year to 31 July 2006 the Board will consider: •a share buy back programme, authority for which was last granted at the 2005 AGM, and/or •the payment if a first dividend on ordinary shares. R Bruce RowanChairman & Chief Executive 14 March 2006 Enquiries to:Bruce Rowan, telephone 020 7486 3997John Watkins, telephone 01483 771992 or to john@starvest.co.ukCompany website: www.starvest.co.uk This information is provided by RNS The company news service from the London Stock Exchange