Result of AGM / Board Changes

05 August 2008

The Company confirms that all the resolutions put to shareholders at the Annual General Meeting today were duly passed.

Share restructure

Following the passing of resolutions 6 and 7, as set out in the Company's notice of AGM dated 30 June 2008 ("the Notice"), the existing issued Ordinary Share Capital of the Company has been sub divided into 25,133,042 New Ordinary Shares of 1 pence each and 25,133,042 Deferred Shares of 89 pence each. 

The rights attaching to the New Ordinary Shares, including voting and dividend rights, will be the same as the rights attaching to the Ordinary Shares. The rights attaching to the Deferred Shares, which are minimal and effectively render them valueless, are as set out in the Notice. 

No share certificates will be issued in respect of the Deferred Shares. Existing share certificates will remain valid in respect of the New Ordinary Shares.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM, which is expected to commence on 6 August 2008.

Board changes

Following the AGM and as set out in the Notice, Mark Edworthy has resigned from the Board. Nick Marsham has also tendered his resignation, which has been accepted by the Board and he will leave on 30 September 2008.

The Board would like to thank both Mark and Nick for all their hard work on behalf of the Company.

Helen Votier Turner has been appointed as Group Financial Controller and Company Secretary with immediate effect. Helen qualified as a Chartered Accountant at PricewaterhouseCoopers LLP in 1999, where she was a senior member of the corporate services management team. Prior to joining General Capital, Helen was the head of finance at Adnams Plc for four years.

 

For further information:

General Capital Group Plc
Steve Hartley, Chief Executive	Tel: +44 (0) 1603 610610
steve.hartley@generalcapital.co.uk	www.generalcapital.co.uk
Collins Stewart Europe Ltd
Mark Connelly / Adam Cowen	Tel: +44 (0) 20 7523 8350
	www.collins-stewart.com

Media Enquiries:

Abchurch Communications	Tel: +44 (0) 20 7398 7700
Heather Salmond / George Parker / Amy West	Tel: +44 (0) 20 7398 7719
george.parker@abchurch-group.com	www.abchurch-group.com

 

 

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