Result of EGM

RNS Number : 6318O

Ten Alps PLC

10 March 2009

 



10 March 2009

Ten Alps Plc ('Ten Alps' or the 'Company')

Result of EGM

Ten Alps is pleased to announce that, at the Extraordinary General Meeting ('EGM') of the Company held earlier today, the resolution put to shareholders was passed in relation to the issue of 3,709,673 Conditional Placing Shares as announced on 11 February 2009. 

Following the passing of the resolution above, the Company has placed a total of 11,111,111 new Ordinary Shares, as part of the placing announced on 11 February 2009, for gross proceeds of approximately £3 million.

Application has been made for the admission of the 3,709,673 Conditional Placing Shares to trading on AIM, which is expected to occur on 11 March 2009. The Conditional Placing Shares will rank pari passu with existing ordinary shares in the Company.

Following admission to trading of the Conditional Placing Shares, the Company will have an issued share capital of 63,914,076 Ordinary Shares of 2 pence each. 

Enquiries:

Ten Alps Plc 

Alex Connock, CEO, c/o Moira McManus               Tel: [phone]
[e-mail]                                              www.tenalps.com
                        

NOMAD: Grant Thornton UK LLP 

Fiona Owen                                                          Tel: [phone]

Broker: Canaccord Adams Limited 

Mark Williams / Adria Da Breo Richards                 Tel: [phone]

PR: Pelham 

Alex Walters                                                        Tel: [phone]
[e-mail]                                  Fax: [phone]            

 

END

 

 

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