Result of Meeting

RNS Number : 9646C

CSS Stellar PLC

15 March 2011

 



15 March 2011

CSS Stellar plc

(the "Company")

RESULT OF GENERAL MEETING

The Company is pleased to announce that all the resolutions detailed in the circular sent to shareholders on 18 February 2011 (the "Circular") were passed without amendment at the General Meeting held today.

Adoption of Investing Policy

The Company has now adopted an investing policy as detailed in the Circular and is an investing company under AIM Rule 15. If the Company has not made an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 or has not otherwise substantially implemented its investing policy to the satisfaction of the Exchange within 12 months of the cessation of its previous business on 17 December 2010, trading in its shares on AIM will be suspended under Rule 15 of the AIM Rules.

Sub-division of shares

The resolutions passed included a resolution to sub-divide and convert each issued existing ordinary share of 5 pence each into one new ordinary share of 1 penny each and one deferred share of 4 pence each. 

Application has been made for the 28,976,581 new ordinary shares of 1 penny each to be admitted to trading on AIM.  Admission is expected to occur on Wednesday 16 March 2011.

Shares with voting rights

Following the subdivision, the Company's issued share capital comprises 28,976,581 ordinary shares of 1 penny each, 28,976,581 A deferred shares of 4 pence each and 28,976,581 deferred shares of 45 pence each. The A deferred shares and the deferred shares carry no voting rights.  The ordinary shares have equal voting rights and none is held in treasury. The total number of voting rights in the Company is therefore 28,976,581.  This 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.

For further information please contact:

CSS Stellar plc
Julian Jakobi	Tel: [phone]
Northland Capital Partners Limited  (Nominated Adviser and Broker)
Luke Cairns / Edward Hutton	Tel: [phone]

 

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