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Last checked at 
15 Jun 2009 11:28
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eXpansys plc
("eXpansys" or the "Company")
Result of GeneralΒ Meeting
The Board of eXpansysΒ is pleased to announce that at the Company's General Meeting held earlier todayΒ all of the resolutionsΒ were duly passed,Β including the approval ofΒ theΒ proposedΒ placingΒ ofΒ new ordinary shares at 1.5Β pence per shareΒ (the "Placing").Β
Full details of the Placing were set out in a circular sent toΒ shareholders onΒ 29Β MayΒ 2009.Β Β Application has been made forΒ a total ofΒ 133,333,333Β new ordinary shares issued pursuantΒ to the PlacingΒ to be admitted to trading on AIM. Admission andΒ commencement ofΒ dealingsΒ is expected to occur at 8.00 a.m. onΒ 16 JuneΒ 2009.Β The Company expects to raise net proceeds of approximately Β£1.92Β million from the Placing.
Following the admission of theΒ 133,333,333Β ordinary shares onΒ 16 JuneΒ 2009,Β the Company's total issued share capital will beΒ 178,171,007Β ordinary sharesΒ ofΒ 0.25Β pence each. This figure mayΒ be used by shareholders asΒ theΒ denominatorΒ for the calculationsΒ by which they will determine if they are required to notifyΒ their interest in, or a change toΒ their interest in, the CompanyΒ under the Disclosure and Transparency Rules.
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eXpansys plc
Roger Butterworth β Chief Executive
Cate Hulme β Finance Director
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0161 868 0868
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Cenkos Securities plc
Stephen Keys/Camilla Hume
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020 7397 1949
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