Result of AGM

RNS Number : 8221B

Coms PLC

21 August 2008

 



Coms plc

("Coms" or "the Company")

Result of Annual General Meeting

Share Consolidation

Total Voting Rights

Coms plc (AIM: COMS.L), a leading provider of low-cost calls via broadband internet access in homes, offices and WiFi hotspots, is pleased to announce that all of the resolutions proposed at the Company's Annual General Meeting ("AGM") held today were duly passed.

The Company therefore confirms that, pursuant to the announcement made on 4 August 2008 and the passing of the relevant resolution at the AGM today, the 1 for 100 consolidation of the Company's issued and unissued shares ("Ordinary Shares") has been approved by shareholders.

The total number of £0.001 Ordinary Shares currently in issue is 1,221,961,600 and therefore the 1 for 100 consolidation will result in there being 12,219,616 Ordinary Shares of £0.10 each in issue, which 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 share capital of the Company under the Disclosure and Transparency Rules.

The new Ordinary Shares will replacing the existing shares under the Company's Articles of Association and will commence trading at 8:00 am, tomorrow 22 August 2008 under ISIN GB00B3CDXQ41.  

For further information please contact:

COMS PLC
Richard Bennett, Corporate Development Officer	Tel: + 44 (0) 20 7148 3600
	www.coms.com
DANIEL STEWART & COMPANY PLC
Simon Leathers/Charlotte Stranner	Tel: + 44 (0) 20 7776 6550
	www.danielstewart.co.uk

Notes to Editor: 

Coms was founded by Jason Drummond in 2000 with the vision of using the Internet to carry and deliver voice telephone calls. Unlike Skype, Coms is based upon the industry standard SIP protocol which enables the widest possible connection of customers, devices and integrated Web 2.0 applications. Coms subscribers can make high quality calls over the internet wherever a high-speed internet connection is available including in wireless hotspots. Coms subscribers can also select their own free telephone number. Ofcom has allocated Coms 2 million numbers in the top 178 UK geographic area codes by population which Coms subscribers can choose from. In addition, Coms can transfer a company's existing telephone number to their service. Subscription is available in a range of packages from the Company's website www.coms.com.

As well as the obvious cost saving implications for businesses and consumers, the expanding market will enable Coms to develop and offer innovative new convergent services such as video calling, IP Centrex, location independence and online presence. It is these new innovative features, alongside the cost saving benefits that are likely to encourage customers away from traditional PSTN systems and combine their broadband service and voice calling system.

Coms launched its consumer service in October 2006, and recently acquired ExchangeXT, a leading provider of business VoIP services, to enable Coms to enter the SME market.

Coms is an Ofcom authorised Public Electronic Communications Network (PECN) and a member of the Internet Telephony Service Providers Association (ITSPA).

Coms plc joined the AIM market of the London Stock Exchange on 6 September 2006.

 

END

 

 

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