Result of General Meeting

RNS Number : 4772H

Volvere PLC

22 February 2010

 



Press Release

22 February 2010

Volvere plc

Volvere plc("Volvere" or the "Company")

Result of General Meeting

The Board of Volvere announces that all resolutions were approved at a General Meeting of the Company held earlier today (the "General Meeting"). Capitalised terms in this announcement have the same meaning as ascribed to them in the circular sent to Shareholders on 2 February 2010 regarding the matters described in this announcement (the "Circular").

Resolutions 1 and 3 were approved by Independent Shareholders on a poll at the General Meeting. Those resolutions regarded two Panel waivers in relation to (a) the possible exercise by the Company of the Share Purchase Authority (which was approved by Shareholders at the General Meeting today pursuant to Resolution 2), and (b) the possible conversion of Transferred Incentive Shares into new Ordinary Shares of £0.0000001each in the capital of the Company.

The aggregate shareholding which the Concert Party may own assuming (a) the issue of new Ordinary Shares pursuant to a full conversion of Incentive Shares, followed by (b) the full exercise of the Share Purchase Authority (each as more fully described in the Circular) is 2,811,793Ordinary Shares or 83.87 per cent. of the then issued share capital of the Company.

- Ends -

For further information:

Volvere plc
Jonathan Lander, CEO	Tel: [phone]
	www.volvere.co.uk

Shore Capital and Corporate Limited
Pascal Keane	Tel: [phone]

Arbuthnot Securities Limited
Edward Gay, Corporate Finance	Tel: [phone]
[e-mail]	www.arbuthnot.co.uk

Media enquiries:

Abchurch
Henry Harrison-Topham / Mark Dixon	Tel: [phone]
[e-mail]	www.abchurch-group.com

 

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