Last checked at 10 Mar 2009 15:13
10 March 2009
Ten Alps Plc ("Ten Alps" or the "Company")
Result of EGM
Ten Alps is pleased to announce that, at the Extraordinary General Meeting ('EGM') of the Company held earlier today, the resolution put to shareholders was passed in relation to the issue of 3,709,673 Conditional Placing Shares as announced on 11 February 2009.
Following the passing of the resolution above, the Company has placed a total of 11,111,111 new Ordinary Shares, as part of the placing announced on 11 February 2009, for gross proceeds of approximately £3 million.
Application has been made for the admission of the 3,709,673 Conditional Placing Shares to trading on AIM, which is expected to occur on 11 March 2009. The Conditional Placing Shares will rank pari passu with existing ordinary shares in the Company.
Following admission to trading of the Conditional Placing Shares, the Company will have an issued share capital of 63,914,076 Ordinary Shares of 2 pence each.
Enquiries:
Ten Alps Plc
Alex Connock, CEO, c/o Moira McManus Tel: +44 20 7878 2311moira@tenalps.com www.tenalps.com
NOMAD: Grant Thornton UK LLP
Fiona Owen Tel: +44 20 7383 5100
Broker: Canaccord Adams Limited
Mark Williams / Adria Da Breo Richards Tel: +44 20 7050 6500
PR: Pelham
Alex Walters Tel: +44 20 3170 7435alex.walters@pelhampr.com Fax: +44 20 7743 6671