Result of Meeting

RNS Number : 1326R

Optare PLC

16 August 2010

 



Optare plc

("Optare" or the "Company")

Result of General Meeting

The Board of Optare is pleased to announce that at the Company's General Meeting held earlier today all of the resolutions were duly passed, including the issue of 99,357,828 Ordinary Shares to Ashok Leyland.

Full details of the transaction were set out in a circular sent to shareholders on 29 July 2010.  Application has been made for a total of 99,357,828 new ordinary shares to be admitted to trading on AIM.  Admission and dealing is expected to occur at 8.00 a.m. on 17 August 2010. 

Following the admission of the 99,357,828 ordinary shares on 17 August 2010 the Company's total issued share capital will be 382,145,493 ordinary shares of 1p each.  This figure (382,145,493 ordinary shares) 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 Disclosure and Transparency Rules.

Optare plc Jim Sumner - Chief Executive

Tel: [phone]

Cenkos Securities plc Stephen Keys/Camilla Hume

Tel: [phone]

 

END

 

 

ROMZMGMRMVLGGZM