Circ re. ImmuPharma posted

23 Jan 2006 16:27

General Industries PLC23 January 2006 General Industries PLC Reverse Takeover circular posted For immediate release 23 January 2006 Proposals were announced by General Industries PLC ("GI") earlier today relatingto the reverse takeover of ImmuPharma plc and a placing of new shares for cash.A circular containing details of these proposals and a waiver of an obligationunder Rule 9 of the City Code on Takeovers and Mergers has now been posted to GIShareholders. The Extraordinary General Meeting of GI has been convened for 12 noon on 15February 2006. Subject to the passing of the resolutions to be proposed at theExtraordinary General Meeting, dealings in new shares issued to the vendors ofImmuPharma and to placees are expected to commence on AIM on 16 February 2006. EnquiriesRichard Wollenberg, Chairman of General Industries PLC Tel:01784 437444Richard Warr, Executive Chairman of ImmuPharma plc Tel:020 7152 4080 David Floyd, Dawnay, Day Corporate Finance Ltd Tel:020 7509 4570 Capel Irwin, KBC Peel Hunt Ltd Tel:020 7418 8900 Caroline Cecil, Caroline Cecil Associates, PR consultant Tel:020 7610 4110 This announcement does not constitute an offer or invitation to subscribe forsecurities. This information is provided by RNS The company news service from the London Stock Exchange