Issue of Equity

RNS Number : 3538P

Mavinwood PLC

14 July 2010

 



Mavinwood plc

("Mavinwood" or the "Company")

Issue of Equity

Further to the Notice of AGM posted to shareholders on 28 July 2010, Mavinwood plc announces that, in anticipation of the proposed share consolidation to be voted on at the General Meeting on 22 July 2010, whereby shareholders on the Register at the close of business on 22 July 2010 will exchange 50 existing ordinary shares in the capital of the Company for 1 new ordinary share in the capital of the Company, the Company today has issued 39 ordinary shares ("New Ordinary Shares") in the capital of the Company to Geraldton Services Inc at par value. The New Ordinary Shares will ensure that there is a whole number of new 5p ordinary shares in the Company once the consolidation takes place.

Application has been made for the admission of the New Ordinary Shares to trading on AIM ("Admission").  It is expected that Admission will take place and that trading in the New Ordinary Shares will commence on 20 July 2010.

For further information, please contact:

Mavinwood
Charles Skinner, Chief Executive	Tel: [phone]
Cenkos Securities
Nicholas Wells / Beth McKiernan	Tel: [phone]
Threadneedle Communications
John Coles	Tel: [phone]

 

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