Result of GM

RNS Number : 5431D
Sarantel Group PLC
03 December 2009
 



3 December 2009



Sarantel Group PLC 

("Sarantel" or the "Company")


Result of general meeting


Sarantel announces that at the general meeting of the Company held earlier today, both resolutions were duly passedbeing the necessary resolutions granting authorities to the Company to allot and disapply pre-emption rights to allot 100,000,000 Ordinary Shares, in accordance with the placing announced on 10 November 2009 to raise £2.25 million.


The 100,000,000 A Ordinary Shares are expected to be admitted to trading on 4 December 2009. Following admission of the new A Ordinary Shares, Sarantel will have 290,936,331 ordinary voting shares in issue.


Enquiries:


Sarantel Group PLC

01933 670 560

David Wither, Chief Executive Officer 


Sitkow Yeung, Finance Director




Merchant John East Securities Limited (Nominated Adviser and Broker)

John East/Simon Clements

020 7628 2200



Seymour Pierce Limited (Broker to the Placing)


David Banks/Nicola Marrin

020 7107 8000



College Hill 


Carl Franklin/Adrian Duffield 

020 7457 2020




About Sarantel

Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, WiMax, Satellite Radio and Satellite phone markets. 

www.sarantel.com



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ROMTJBTTMMTMBIL
UK 100

Latest directors dealings