30 Jul 2010 11:31
30 July 2010
(AIM: CINP)
CINPART PLC
("Cinpart" or "the Company")
Result of AGM
&
Change of Name
Cinpart is pleased to announce that at the Annual General Meeting, held earlier today, all resolutions were duly passed, including the bonus issue of shares equating to 1 new Ordinary Share for every 20 Ordinary Shares (the "Bonus Shares") held at the close of business on 30 July 2010 ("the Bonus Issue") and the special resolution to change the Company's name.
Trading under the new name, Active Energy Group plc, is expected to commence on 2 August 2010, with the new mnemonic, 'AEG'. In accordance with AIM Rule 26, details of the Company will shortly be available on the Company's new website: www.active-energy-group.com.
Admission of the Bonus Shares pursuant to the Bonus Issue to trading on AIM is expected to take place on 2 August 2010. The new Ordinary Shares will have the same rights as the existing Ordinary Shares and will rank pari passu in all respects. Definitive certificates for those shares allotted pursuant to the Bonus Issue will be posted to shareholders no later than 20 August 2010 and stock accounts in CREST will be credited with the new Ordinary Shares on 2 August 2010.
Enquiries:
| Cinpart Plc |
|
| Kevin Baker, Chief Executive Christopher Foster, Executive Director
| Tel: 020 3176 3033 Tel: 020 3176 3031
|
| Merchant Securities Limited (Nominated Adviser) |
|
| John East/Simon Clements | Tel: 020 7628 2200
|
| Jendens Securities Ltd (Joint Broker) |
|
| Kim Richardson
| Tel: 0203 372 2500 |
| Rivington Street Corporate Finance Ltd (Joint Broker) |
|
| Peter Greensmith
| Tel: 020 7562 3370 |
| Biddicks (Financial PR) |
|
| Sophie Lane | Tel: 020 7448 1000 |
About Cinpart
Cinpart plc (AIM: CINP) is a holding company that owns 72.2 per cent. of Active Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 per cent.
Other wholly owned subsidiaries in the Group include Derlite Co Limited; based in Thailand, this company is an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Limited; a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers.
About Active Energy
Active Energy owns the rights, intangible assets and intellectual property of VoltageMaster, a range of voltage optimisation equipment for commercial buildings that reduces voltage, and consequently energy consumed, by up to 20 per cent. The VoltageMaster, a sophisticated, easy to install device that is adaptable to complement existing infrastructures, optimises the voltage used in a building by adjusting the electricity voltage supplied to the whole building. In addition, the reduced energy consumption produced by the VoltageMaster provides reduced carbon emissions.
Active Energy (AEG)