Result of AGM
17 March 2011
IMAGE SCAN HOLDINGS PLC
("Image Scan" or "the Company")
Result of AGM
Image Scan, specialists in the field of real-time 3D and 2D x-ray
imaging for the 'Homeland Security' and 'Industrial Inspection' markets,
announces that, at today's AGM, resolutions 1,3,4 and 5 were duly passed.
Resolution 2, in respect of the reappointment of Louise George who retired from the Board of Image Scan by rotation, was defeated and she has therefore stood down from the Board. She will continue to act as Chief Executive Officer of the Company.
The Board is disappointed that certain shareholders voted against this Resolution and is mindful that other shareholders, had they been present at the AGM, might have voted in favour of the resolution. The remaining members of the Board are unanimously agreed that they should seek her reappointment to the Board of the Company and feel such reinstatement is essential to her ability properly to perform the role of Chief Executive Officer.
Under the Company's Articles of Association, the Board could sanction this reappointment without recourse to shareholders but the Board feels it is only right to ask all shareholders for their agreement to such a course of action.
The Company therefore intends to issue a notice to all shareholders convening a General Meeting of the Company at which a resolution will be proposed to seek shareholder approval for the reinstatement of Louise George to the Board of the Company.
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For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817400
Brian Emslie, Chairman
b.emslie@ish.co.uk
Seymour Pierce Tel: +44 (0) 207 107 8000
Sarah Jacobs / John Cowie (Nominated Adviser)
Paul Jewell (Broker)
About Image Scan Holdings plc
Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time 3D and 2D x-ray solutions for use in the global security and industrial inspection markets. The Company's security portfolio includes the Axis-3d® and Axis-2d baggage inspection systems for corporate and airport security; FlatScan-TPXi, a portable bomb and suspect package detection system; and SVXi, a small vehicle inspection system. The industrial inspection solutions include the MDXi and the DEX systems.
For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com
This information is provided by RNS