Result of GM and issue of equity
21 June 2011
IMAGE SCAN HOLDINGS PLC
("Image Scan" or "the Company")
Result of General Meeting ("GM")
Image Scan, specialists in the field of real-time 3D and 2D x-ray imaging for the 'Homeland Security' and 'Industrial Inspection' markets, announces that, at today's GM, all resolutions were duly passed.
On 18 May 2011 Image Scan announced the proposed Placing of 15,000,000 New Ordinary Shares at 2 pence per Ordinary Share to Rise Step International Development Limited, a Hong Kong resident limited liability investment company. At today's GM shareholders in Image Scan approved the issue of the New Ordinary Shares. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company. Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM and admission is expected to occur on 28 June 2011.
Total Voting Rights
Following this placing Image Scan has 76,267,932 ordinary shares in issue and each share has the right to one vote. Therefore for the purposes of the FSA Disclosure and Transparency Rules the total number of voting rights in the Company is 76,267,932.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify the Company of their interests in, or change to their interests in, Image Scan Holdings plc, under the FSA's Disclosure and Transparency Rules.
Holdings in Company
As a result of this placing the Company has been notified that Rise Step International Development Limited has a beneficial interest in 15,000,000 Ordinary Shares in the Company representing 19.7 per cent. of the issued share capital.
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For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817400
Brian Emslie, Chairman
Louise George, CEO
Seymour Pierce Tel: +44 (0) 207 107 8000
Sarah Jacobs / John Cowie (Nominated Adviser)
Paul Jewell (Broker)
About Image Scan Holdings plc
Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time 3D and 2D x-ray solutions for use in the global security and industrial inspection markets. The Company's security portfolio includes the Axis-3d® and Axis-2d baggage inspection systems for corporate and airport security; FlatScan-TPXi, a portable bomb and suspect package detection system; and SVXi, a small vehicle inspection system. The industrial inspection solutions include the MDXi and the DEX systems.
For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com
This information is provided by RNS
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