Result of General Meeting and Total Voting Rights

RNS Number : 1429D

Oxford Catalysts Group PLC

17 March 2011

 



17^th March 2011

OXFORD CATALYSTS GROUP PLC

("Oxford Catalysts" or "the Group")

Result of General Meeting and Total Voting Rights - £21 million Placing Approved

Oxford Catalysts Group PLC is pleased to announce that all resolutions put to Shareholders at today's General Meeting were duly passed and that the 26,250,000 new Ordinary Shares being issued pursuant to the £21 million Placing have been allotted to institutional and other investors. Accordingly, it is expected that dealings in these new Ordinary Shares will commence at 08.00 on Friday 18^th March 2011.

As previously announced, Andrew Jamieson and Jeremy Scudamore, Non-Executive Directors, have participated in the Placing to the amounts of 25,000 Placing Shares and 75,000 Placing Shares respectively, all at the Placing Price. Post Admission, Andrew Jamieson and Jeremy Scudamore's holdings will be 25,000 and 99,000 Ordinary Shares respectively.

The total number of Ordinary Shares with voting rights in issue following the Placing will be 90,069,224. Oxford Catalysts does not hold any ordinary shares in treasury. The figure of 90,069,224 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 Group under the Financial Services Authority's Disclosure and Transparency Rules.

Roy Lipski, CEO of Oxford Catalysts Group said:

"I am delighted with the confidence and support shown by investors in the Group's technologies and progress.

"We intend to use these funds to accelerate the Group's transition to a commercial product company. The market for small scale synthetic fuels production is poised for rapid growth, and the Group remains on track to take advantage of this significant opportunity.

"On behalf of the Board, I would like to welcome our new shareholders and thank them, and our existing shareholders, for their backing at what promises to be an exciting time for the Group."

-Ends-

For further information, please contact:

Oxford Catalysts Roy Lipski, CEO Susan Robertson, CFO	[phone] [phone]
Cenkos Securities plc (Nomad and Broker) Ken Fleming / Jon Fitzpatrick	[phone] [phone]
Financial Dynamics Billy Clegg / Alex Beagley	[phone]

Notes to Editors

Oxford Catalysts designs and develops technology for the production of clean synthetic fuels from both conventional fossil fuels and renewable sources such as bio-waste. The Group is primarily focused on the emerging market for distributed smaller scale production of synthetic fuels via Fischer-Tropsch ("FT") synthesis − a market that has the potential of producing as much as 25 million barrels of fuel a day.

The FT reaction is used when converting natural gas, coal or bio-mass into clean high-performance liquid synthetic fuels, processes known as GTL, CTL and BTL respectively. The Group is the recognised world leader in the design and development of high-activity catalysts and associated novel chemical reactors for the small scale production of synthetic fuels. (The Group's reactor technology − known as microchannel process technology − is marketed under the brand name of Velocys).

Oxford Catalysts Group PLC is listed on the AIM market of the London Stock Exchange (LSE: OCG). The Group has some 80 employees with facilities near Oxford, UK and Columbus, Ohio, USA.

www.oxfordcatalysts.com

www.velocys.com

Definitions

The following definitions apply throughout this announcement, unless the context requires otherwise.

"Admission"	admission of the Placing Shares to AIM become effective in accordance with Rule 6 of the AIM Rules
"Oxford Catalysts"	Oxford Catalysts Group PLC, a public limited company incorporated in England & Wales under registered number 5712187 with its registered office at 115E Milton Park, Oxford OX14 4RZ
"General Meeting"	the general meeting of the Company held at 11:00 a.m. on 17 March 2011
"Group"	the Company, its subsidiaries and subsidiary undertakings
"Ordinary Shares"	ordinary shares of £0.01 each in the capital of the Company
"Placing"	the proposed conditional, non pre-emptive placing by Cenkos of Placing Shares
"Placing Price"	80 pence per Placing Share
"Placing Shares"	up to 26,250,000 new Ordinary Shares, to be issued pursuant to the Placing, each being a "Placing Share"
"Shareholders"	the holders of Ordinary Shares from time to time, each individually being a "Shareholder"

 

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