Tomco Energy Regulatory News (TOM)

15 Jan 2007 14:44

Netcentric Systems PLC15 January 2007 For immediate release 15 January 2007 Netcentric Systems Plc ("Netcentric" or the "Company") Result of Extraordinary General Meeting The Board of Netcentric is pleased to announce that all resolutions proposed atthe Extraordinary General Meeting held earlier today were passed by theshareholders. The resolutions approved the acquisition of The Oil Mining CompanyInc., the waiver of obligations under Rule 9 of the City Code on Takeovers andMergers, the amendment of the Articles of Association, the amendment of theMemorandum of Association, the change of name to "TomCo Energy Plc" and thePlacing of 51,238,000 Ordinary Shares to raise £1,280,950 in cash beforeexpenses, as set out in the notice of Extraordinary General Meeting dated 22December 2006. The Acquisition and Placing remain conditional on Admission. On Admission, the Concert Party will be interested in aggregate in 248,124,681Ordinary Shares representing approximately 59 per cent. of the Company'senlarged issued share capital. Application has been made to the London Stock Exchange for the new OrdinaryShares to be admitted to trading on AIM. Admission is expected to becomeeffective and dealings in the 254,238,000 new Ordinary Shares are expected tocommence at 8.00 a.m. on Tuesday 16 January 2007, under the Company's new nameof TomCo Energy Plc (AIM: TOM.L). Completion of the Acquisition is due to take place on 16 January 2007. Witheffect from Completion, Howard Crosby will be appointed as Chief ExecutiveOfficer, John May as Finance Director and John Ryan as Commercial Director. Saveas set out in the Admission Document, there is no further information to bedisclosed in respect of the Proposed Directors under paragraph (g) of Schedule 2of the AIM Rules. Unless the context otherwise requires, defined terms used in this announcementshall have the meanings given to them in the Admission Document posted toshareholders of the Company on 22 December 2006. Enquiries: Netcentric Systems PlcStephen Komlosy Tel: (020) 7808 4856 Strand Partners LimitedSimon Raggett Tel: (020) 7409 3494Warren PearceThomas Lockyer Bankside ConsultantsSimon Rothschild Tel: (020) 7367 8888Louise Mason Strand Partners Limited, which is authorised and regulated in the United Kingdomby the Financial Services Authority, is acting as nominated adviser and brokerto the Company in connection with the Acquisition, Placing and Admission of theEnlarged Share Capital to trading on AIM. Its responsibilities as the Company'snominated adviser and broker under the AIM Rules are owed solely to the LondonStock Exchange and are not owed to the Company or to any Director or ProposedDirector or to any other person in respect of his decision to acquire shares inthe Company in reliance on any part of this announcement. Strand PartnersLimited is not acting for anyone else and will not be responsible to anyoneother than the Company for providing the protections afforded to its clients orfor providing advice in relation to the contents of this announcement or theAcquisition, the Placing or Admission of the Enlarged Share Capital to tradingon AIM. This information is provided by RNS The company news service from the London Stock Exchange