Result of AGM

RNS Number : 4098Z

Optare PLC

21 September 2009

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 approval of the placing of 122,857,142 new ordinary shares at 7 pence per share to raise approximately £8.06 million after expenses (the 'Placing').

Full details of the Placing were set out in a circular sent to shareholders on 3 September 2009. Application has been made for a total of 122,857,142 new ordinary shares issued pursuant to the Placing to be admitted to trading on AIM. Admission and dealing is expected to occur at 8.00 a.m. on 22 September 2009.

Due to the fact that they were in a close period pending the release of the interim results, the Directors were unable to participate in the Placing. However, following the publication of the interim results earlier today, the Directors are no longer subject to such restrictions and have accordingly issued shares to Directors and senior employees on the same terms as the Placing at price of 7 pence per share as follows:

Director	No. of Shares issued	No. of share held following transaction (% of issued share capital)
Jim Sumner	142,857	1,132,164 (0.49%)
John Fickling	285,715	2,250,688 (0.97%)
Mike Dunn	142,857	531,834 (0.23%)
David Maughan	142,857	239,968 (0.10%)
David Stonehouse	285,714	485,714 (0.21%)

Application has been made for a total of 1,100,000 new ordinary shares to be admitted to trading on AIM and dealings in these 1,100,000 new ordinary shares is expected to commence at 8:00 a.m. on 26 September 2009.

Following the admission of the 122,857,142 ordinary shares on 22 September 2009 and the 1,100,000 ordinary shares on 26 September 2009 the Company's total issued share capital will be 232,416,953 ordinary shares of 1p each. This figure (232,416,953 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.