Result of EGM and Completion of Acquisition

RNS Number : 6288Q

Maintel Holdings PLC

21 October 2011

 

Maintel Holdings Plc ("Maintel" or "the Company")

Result of General Meeting and Completion of Acquisition

Maintel Holdings Plc, the telecoms and data services company, is pleased to announce that at today's General Meeting, the special resolution put to shareholders was duly passed. Accordingly, the acquisition of Totility Limited ("Totility"), a specialist UK mobile telecoms provider, as announced on 30 September 2011, has completed.

As part of the initial consideration payable to Totility Shareholders, 177,778 new ordinary shares of 1 pence each in the share capital of Maintel ("New Ordinary Shares") have been issued. Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place at 8.00 a.m. on 24 October 2011.

On Admission, the total number of ordinary shares in issue will be 10,664,578. The total number of voting rights will therefore be 10,664,578. The above 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 FSA's Disclosures and Transparency Rules.

21 October 2011

Enquiries:

Maintel

Eddie Buxton - CEO 020 7401 4601

Angus McCaffery - Sales Director 020 7401 4646

Dale Todd - Finance Director 020 7401 0562

FinnCap

Marc Young/Charlotte Stranner 020 7600 1658

 

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