Result of General Meeting

RNS Number : 5569R

Evocutis PLC

12 September 2014

 



Evocutis Plc

("Evocutis" or the "Company")

Result of General Meeting

Evocutis Plc announces that, at the General Meeting held earlier today, all resolutions were duly passed.

Accordingly, the Capital Reorganisation, resulting in each of the Company's Existing Ordinary Shares being subdivided into one New Ordinary Share of 0.01p and one Deferred Share of 0.99p, will take place at 5pm on 12 September 2014.  The remainder of the Proposals, being the Subscription to raise £210,000 before expenses by means of a subscription for 175,000,000 New Ordinary Shares at 0.12p per share and the adoption of a New Investing Policy under AIM Rule 15, become unconditional in all respects upon Admission of the New Ordinary Share Capital to trading on AIM, for which application has been made and is expected to occur at 8am 15 September 2014.

 The Subscription Shares, when issued and fully paid, will rank equally in all respects with the New Ordinary Shares.

On and subject to Admission, Gwyn Humphreys, Darren Bamforth and Mike Townend will resign from the Board and David Lenigas and Donald Strang will be appointed to the Board.   Following Admission, the New Board will consist of:  David Lenigas as Executive Chairman, Donald Strang as an executive director and Tom Bannatyne as a non-executive director.  Further information on David Lenigas and Donald Strang is set out below.

All of the defined terms in this announcement have the same meaning as in the circular published by the Company and sent to shareholders on 28 August 2014, a copy of which is available at the Company's website, www.evocutis.com.

Change of Registered Office

The Company has, with immediate effect, changed its registered office address to Suite 3B, 38 Jermyn Street, London, SW1Y 6DN.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, the total number of voting rights in the Company with effect from 15 September 2014 will be 349,675,828. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Evocutis plc
Tom Bannatyne, Chairman	[phone]
	www.evocutis.com
Cairn Financial Advisers LLP
James Caithie/Carolyn Sansom	[phone]
	www.cairnfin.com

The following information is disclosed pursuant to Rule 17 and schedule 2(g) of the AIM Rules for Companies:

David Anthony Lenigas (Executive Chairman), aged 53

Mr. Lenigas has extensive experience operating in global public markets having served in a senior executive capacity on many public company boards. He is currently the Chairman of Rare Earth Minerals Plc, Solo Oil Plc, UK Oil & Gas Investments Plc and on the board of various other AIM companies. He has also served as Executive Chairman of London listed Lonrho plc for six years up to September 2012 and was responsible for Lonrho plc's expansion into over 20 countries in Africa in sectors covering agriculture, infrastructure, hotels, IT and aviation.

Mr. Lenigas has an interest in 67.5 million shares in the Company, which represents 19.3% of the issued share capital.

David Lenigas holds or has held the following directorships and/or partnerships in the last 5 years:

Current		Past
Solo Oil plc (formerly Immersion Technologies International plc)		Galleon Resources Limited (formerly AfriAg Limited/ Buchanist Limited)
Active Resource Realisation Fund		Solo Oil (Argentina) Limited
Rare Earth Minerals Plc (formerly Zest Group Plc)		Swissta Holdings Limited
Rare Earth Resources Limited		Templar Minerals Limited
Solo Oil International Limited		River Diamonds UK Limited
Stellar Resources Plc		Vatukoula Gold Mines plc (formerly River Diamonds plc)
Central African Investments Plc		Leni Gas & Oil Plc
Horse Hill Developments Limited		Our Forgotten Children Limited
AfriAg Plc  (formerly 3D Resources Plc)		670 Plc
REM Mexico Limited		Lonrho Limited (Formerly Lonrho Plc)
Inspirit Energy Holdings Plc		Lonrho Africa (Holdings) Limited
Leni Trinidad Ltd		Strenner Holdings Limited
Compania Petrolifera de Sedano S.L.		Lonrho Springs Limited
UK Oil & Gas Investments plc		Lonrho Air (BVI) Limited
		Lonrho Ports Limited
		Lucapa Diamond Company Ltd (formerly Lonrho Mining Limited)
		Lonzim Management Limited
		Zimbabwean Investments Ltd
		Oceanfresh Seafoods (UK) Limited
		Lonrho Resources Ltd
		Lonrho Finance Ltd
		Lontel Ltd
		Lonrho Water Limited
		Five Forty Aviation Limited
		Blueberry International Services Limited
		Wardlaw (1989) Limited
		Le Har (Pvt) Limited
		Rex Mining (Pvt) Limited
		Peak Mines (Pvt) Limited
		Gardoserve (Pvt) Limited
		Celsys Limited
		LonZim plc
		Lonrho Aviation (BVI) Limited
		Lonrho Air (2) (BVI) Limited
		Five Forty Africa (BVI) Limited
		Lonrho Air Africa (BVI) Limited
		Fresh Direct Limited
		ForgetMeNot Africa Limited
		Lonrho Oil (Malawi) Limited
		Lonrho Infrastructure (BVI) Limited
		Complete Enterprise Solutions Limited
		Vatukoula Gold Pty Ltd (formerly Westech Gold Pty Ltd)
		Vatukoula Finance Pty Ltd (formerly Westech Finance Pty Ltd)
		Lonrho Hotels Congo (BVI) Limited
		Vatukoula Gold Mines Ltd
		Jubilee Mining Ltd
		Koula Mining Ltd
		Indit Technology Distribution (Pty) Limited
		Complete Enterprise Solutions (Pty) Limited
		Lonzim Agribusiness (BVI) Limited
		Lonzim Agribusiness (BVI) Limited
		Quickvest 525 (Pty) Limited
		Lonzim Air (BVI) Limited
		Aldeamento Turistico de Macuti, SARL
		Byron Energy Pty Ltd
		Lonrho Hotels Management Services (BVI) Limited
		Vatukoula Australia Pty Ltd (formerly Westech Australia Pty Ltd)
		Lonrho Air Three (BVI) Limited
		Southern African Management Services
		Paynet Limited
		African Solutions Limited
		Lonrho Agriculture Angola Limited
		Rollex (Pvt) Limited
		Rollex (Pty) Limited
		e-Kwikbuild SA (Pty) Limited
		Lonrho Management Services Limited
		Medalspot (Pvt) Limited
		Blueberry Print (Zambia) Limited
		Morningdale Properties (Pvt) Limited
		Lanuarna Enterprises (Pvt) Limited
		LonZim Hotels Limited
		Celsys Zambia Limited
		WS Foods (Pty) Ltd
		Linus Business Options P/L
		Firstfood Enterprises P/L
		Chenyakwaremba Farm P/L
		Leopard Rock Hotel Company (Pvt) Ltd
		Lyons Africa Holdings Limited
		Millchem Holdings Limited (formerly Lonzim Properties Limited)
		Lonzim Holdings Limited
		Micobe Property Development Limited
		Lonrho Zimbabwe Management Services (Pvt) Limited
		Lonrho Africa Management Services (Zimbabwe) Ltd
		Lonrho Africa Motor Sales Limited
		Lonrho Properties Zimbabwe (Pvt) Ltd
		Lonrho Auto Distributors Limited
		Sindu Properties (Private) Limited
		One Hundred & Seventeen Baines Avenue (Private) Ltd
		Textile Investment Company Limited
		Sol Aviation Company Limited
		Lonrho Jersey Limited
		Norse Air Limited
		South African Independent Liners Services (Pty) Limited
		Lonrho Africa Holdings BV
		Lonrho Springs BV
		Lonrho Air BV
		Lonrho Ports BV
		Lonrho Africa Hotels BV
		Lonrho Hotels BV
		Lonrho Hotels Mozambique BV
		Lonrho Africa Agribusiness BV
		Lonrho Africa Distributors BV
		Lonrho Africa Food Processing BV
		Lonrho Africa Motors BV
		Lonrho Distributors BV
		Lonrho Motors BV
		Lonrho Springs BV
		Reef Resources Ltd
		Lonrho Agribusiness Limited
		Laytons Offshore Limited
		Lonrho Equipment Limited
		Mozambique Machines Limited
		Crop Harvest Limited
		Oceanfresh Seafoods (Pty) Limited
		Cultivate Harvest Limited
		LAH Jersey Limited
		RET Services Limited
		Rare Earth Resources Limited
		Protea Seafoods
		Zest Songs Limited
		Reggae Tunes Limited
		Zest Music Limited
		Zest Entertainments Limited
		Hotel Accommodation Limited
		Afex Holdings Limited.
		Lonrho Water Limited
		Africa Expeditions Limited
		Africa Expeditions TZ Limited
		Africa Expeditions Uganda Limited
		Best In Tents Limited
		Global Horizons Limited
		Lonrho Hotels Limited
		LAH Mozambique Hotels Limited
		DRC Hotels Limited
		Lonrho Ports & Infrastructure Limited
		Lonrho Infrastructure Limited
		Lonrho Ports Limited
		LAH Jersey 2 Limited
		Fish On Line (Pty) Limited
		Lonrho Support Services Limited (formerly Lonrho Holdings Limited)
		Lonrho Integrated Support Services Limited
		Lonrho Hotels (Holdings) Limited
		Lonrho Budget Hotels Limited
		Lonrho IT Limited
		LAH Jersey 3 Limited
		Lonrho Transport Limited
		Lonrho Logistics (Pty) Limited
		Luba Freeport Limited
		Lonrho South Africa (Pty) Limited
		Lonrho Management South Africa (Pty) Limited
		Lonrho Projects South Africa (Pty) Limited
		Lonrho Projects Consulting (Pty) Limited
		Lonrho Projects Agri (Pty) Limited
		Lonrho Energy (Pty) Limited
		Lonrho Securitec (Pty) Limited
		Lonrho Amathonga Hotels (Pty) Limited
		Swissta Mozambique Lda
		Sociedade Comercial Bytes & Pieces Limitada
		FastJet Plc
		Cambria Africa plc
		Tanzania Machines Limited
		Tanzania Harvest Limited
		Lonrho Ports Ghana Limited
		Lonrho Ghana Ports Limited
		LonAgro (SS) Limited
		Benson Global Trading Limited
		Lon Agro Tanzania Limited
		Yuagong (Pty) Limited
		Lonrho Hotels Nigeria Limited
		Lonrho Hotels DRC Limited
		Lonrho Hotels SA Limited
		Lonrho Hotels Ghana Limited
		Lonrho Hotels Kenya Limited
		Lanitrim (Pty) Limited
		Caropix (Pty) Limited
		Lonrho Investments Limited (formerly Lonrho African (investments) Ltd)
		Lonrho Fresh Ltd
		Lonrho Food Supply Chain Management Ltd
		Lonrho Infra One UK Ltd
		Lonrho Market Expansion Services Ltd
		Polemos Plc

David Lenigas was a director of SA Independent Liner Services Pty Ltd ("SAILS") when it was placed into liquidation on 15 October 2008. SAILS was a subsidiary within the Lonrho Plc group of companies ("Lonrho Group"). A unanimous board resolution placed SAILS into Liquidation, the Lonrho Group being the major creditor, with the liquidated business being shown as a discontinued activity in the historic financial statements of the Lonrho Group.

David Lenigas was a director of Norse Air Limited ("Norse") which was placed into liquidation on 20 December 2010. At the point of liquidation Norse was a wholly-owned subsidiary within the Lonrho Group and was placed into liquidation by a unanimous board resolution of Norse, with this business being shown as a discontinued activity in the historic financial statements of Lonrho Group.

There is no further information on David Lenigas which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

Donald Ian George Layman Strang (Executive Director), aged 46

Mr. Strang is a member of the Australian Institute of Chartered Accountants and has been in business over 20 years, holding senior financial and management positions in both publicly listed and private enterprises in Australia, Europe and Africa. Mr. Strang has considerable corporate and international expertise and over the past decade has focused on mining and exploration activities in the oil and gas and natural resources sectors. He is currently a director of a number of AIM listed companies including Rare Earth Minerals Plc, Polemos Plc, UK Oil & Gas Investments Plc and Doriemus Plc.

Mr. Strang has an interest in 10 million shares in the Company, representing 2.86% of the issued share capital.

Donald Strang holds or has held the following directorships and/or partnerships in the last 5 years:

Current		Past
Stellar Resources Plc		Leni Gas & Oil plc
Polemos Plc		Compania de Sedano Ltd
AfriAg Plc  (formerly 3D Resources Plc)		Leni Trinidad Ltd
Doreimus plc		Lonhro plc
Rare Earth Minerals plc		CSS Stellar plc
Octagonal plc
UK Oil & Gas Investments plc

There is no further information on Donald Strang which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

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