Weatherly International Plc Regulatory News (WTI)

10 Jul 2006 07:01

Weatherly International PLC10 July 2006 10 July 2006 Weatherly International plc (the "Company") Acquisition of Ongopolo Mining and Processing Limited ("Ongopolo") - Result ofthe Ongopolo Annual General Meeting Subsequent to the announcements made by the Company on 26 April 2006 and 23 June2006, regarding its intention to acquire control of up to 97% of Ongopolo (the "Proposal"), the Company today announced, that as part of the implementation ofthe Proposal, the shareholders of Ongopolo passed the following resolutions attheir annual general meeting held on 7 July 2006, in Windhoek, Namibia: 1. The adoption of the annual report and accounts of Ongopolo for the year end 30 June 2005. 2. The re-election of the directors of Ongopolo including Wolf Martinick and Rod Webster. 3. The re-appointment of the auditors of Ongopolo. 4. The re-designation and increase in the authorised share capital of Ongopolo. 5. The amendments to the existing articles of association of Ongopolo. 6. The authorisation for the directors to allot shares including in relation to the Proposals. 7. The authorisation for the directors to conclude the re-structuring. It is expected that the New Ordinary Shares of the enlarged group will bere-admitted to trading on the Alternative Investment Market of the London StockExchange on 19 July 2006. For further information contact: Weatherly International plcJohn Norris +44 (0)20 7917 2989 Libertas Capital Corporate FinanceJonathan Flory +44 (0)20 7569 9650 First City Financial Public RelationsSarah Samworth +44 (0) 20 7436 7486 This information is provided by RNS The company news service from the London Stock Exchange