Result of EGM

31 Aug 2005 15:45

Helical Bar PLC31 August 2005 Helical Bar plc31 August 2005 HELICAL BAR PLC RESULT OF EXTRAORDINARY GENERAL MEETING Helical Bar plc ("Helical" or the "Company") announces that at the EGM heldtoday all resolutions proposed were duly passed. By virtue of Resolution One, all of the Company's existing ordinary shares of 5peach shall be sub-divided into five new ordinary shares of 1p each. ResolutionOne also adopted new articles of association which, inter alia, reflect thechange in the nominal value of the Company's ordinary shares. Resolution Two increased the number of ordinary shares which the Company maypurchase on market, in line with the increased number of ordinary shares inissue following the Share Split. Applications have been made to the UK Listing Authority ("UKLA") and the LondonStock Exchange for 92,318,085 new ordinary shares of 1p each to be admitted tothe Official List and it is expected that trading will commence at 8:00am on 1September 2005. Resolution One is conditional upon admission occurring. These applications include applications for the block listings of 194,475ordinary shares of 1p each under the Helical Bar 1999 Approved Scheme and of1,685 ordinary shares of 1p each under the Helical Bar 1999 Scheme, to trade onthe London Stock Exchange and to be admitted to the Official List upon issuance. Two copies of the resolutions passed have been sent to the UKLA and areavailable for inspection at their Document Viewing Facility situated at 25 TheNorth Colonnade, Canary Wharf, London, E14 5HF. All definitions used in the Circular to Shareholders of Helical dated 29 July2005 apply to this announcement. Copies of the Circular are also available forinspection at the Document Viewing Facility. Ends Enquiries: Tim Murphy, Company Secretary, HelicalTel: 020 7629 0113 Roger Clarke, JPMorgan CazenoveTel: 020 7588 2828 This information is provided by RNS The company news service from the London Stock Exchange