Result of General Meeting

RNS Number : 7578J

OMG PLC

19 July 2013

 



19 July 2013

OMG plc

Result of General Meeting & Acquisition of Mayrise

-Placing and Open Offer Fully Subscribed-

-Mayrise completion to take place on 22 July 2013-

OMG plc (LSE: OMG). the technology group providing image understanding products for the entertainment, defence, life science and engineering industries announces that at its General Meeting held earlier today, the resolutions as set out in the Circular sent to shareholders on 2 July 2013 in reference to the Placing and Open Offer which has raised c.£9 million were duly passed.

In addition, the acquisition of Mayrise Limited will complete on Admission, which is expected to occur at 8am on 22 July 2013.  Further information on the acquisition is set out in the Placing Announcement on 2 July and the Circular to shareholders posted on the same date.

Commenting on the successful result, Nick Bolton, Chief Executive Officer of OMG plc, said:

"We are very pleased with the result of the Placing and our fully subscribed Open Offer, with support seen from a significant number of both new and long-term OMG investors.  This level of interest underscores our confidence in the Group's long term growth strategy and the monies raised will enable us to realise the acquisition of Mayrise and exploit the Autographer opportunity."

"The decision to broaden our expertise and product set through the acquisition of Mayrise was an easy one. We have worked alongside Mayrise with our mutual customers for many years and their commitment to providing a high quality, transparent service to their customers is a great cultural match to our own."

For further information please contact:

OMG plc	[phone]
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting	[phone]
Matt Dixon / Emma Appleton / Charles Palmer / Jessica Liebmann
N+1 Singer (NOMAD to OMG)	[phone]
Shaun Dobson / Jenny Wyllie

 

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