5 Jun 2009 13:35
Qonnectis plc
("Qonnectis" or the "Company")
Result of EGM
Qonnectis is pleased to announce that all resolutions proposed at the Company's Extraordinary General Meeting held today were passed.
Accordingly, the reorganisation of the Company's issued share capital will take place so that the ordinary shares of 1p each will be redesignated as new ordinary shares of 0.1p each ("New Ordinary Shares").
Application has been made for these New Ordinary Shares of 0.1p each, being the Company's entire ordinary issued share capital, to be admitted to trading on AIM.
The share register for the existing ordinary shares will close at 5pm on Wednesday 10 June 2009 and it is expected that trading in the New Ordinary Shares will commence on AIM at 8.00am on Thursday 11 June 2009 whereupon there will be 3,936,080,230 shares of 0.1p in issue.
The record date for the purposes for the subdivision is Wednesday 10 June 2009.
From 11 June 2009:
ISIN: GB00B4Y30T15
SEDOL: B4Y30T1
The notice of EGM sent to shareholders on 12 May 2009 detailed plans for the future financing of the Company. Notice of a further EGM will be made shortly to consider a further resolution to permit this potential financing to take place. A further announcement will be made in due course.
For further information please visit www.qonnectis.com or contact:
Qonnectis
Barbara Spurrier 01932 788299
FinnCap 020 7600 1658
Nominated Adviser
Clive Carver
Lothbury Financial Limited 020 7011 9411
Michael Padley / Louise Davis
Water Intel. (WATR)