21st Aug 2008 13:57
Coms plc ("Coms" or "the Company") Result of Annual General Meeting Share Consolidation Total Voting Rights Coms plc (AIM: COMS.L), a leading provider of low-cost calls via broadbandinternet access in homes, offices and WiFi hotspots, is pleased to announce thatall of the resolutions proposed at the Company's Annual General Meeting ("AGM")held today were duly passed. The Company therefore confirms that, pursuant to the announcement made on 4August 2008 and the passing of the relevant resolution at the AGM today, the 1for 100 consolidation of the Company's issued and unissued shares ("OrdinaryShares") has been approved by shareholders. The total number of £0.001 Ordinary Shares currently in issue is 1,221,961,600and therefore the 1 for 100 consolidation will result in there being 12,219,616Ordinary Shares of £0.10 each in issue, which figure may be used by shareholdersas the denominator for the calculations by which they will determine if they arerequired to notify their interest in, or a change to their interest in, theshare capital of the Company under the Disclosure and Transparency Rules. The new Ordinary Shares will replacing the existing shares under the Company'sArticles of Association and will commence trading at 8:00 am, tomorrow 22 August2008 under ISIN GB00B3CDXQ41. For further information please contact: \* TCOMS PLCRichard Bennett, Corporate Development Officer Tel: + 44 (0) 20 7148 3600 www.coms.com DANIEL STEWART & COMPANY PLCSimon Leathers/Tessa Smith Tel: + 44 (0) 20 7776 6550 www.danielstewart.co.uk\* T Notes to Editor: Coms was founded by Jason Drummond in 2000 with the vision of using the Internetto carry and deliver voice telephone calls. Unlike Skype, Coms is based upon theindustry standard SIP protocol which enables the widest possible connection ofcustomers, devices and integrated Web 2.0 applications. Coms subscribers canmake high quality calls over the internet wherever a high-speed internetconnection is available including in wireless hotspots. Coms subscribers canalso select their own free telephone number. Ofcom has allocated Coms 2 millionnumbers in the top 178 UK geographic area codes by population which Comssubscribers can choose from. In addition, Coms can transfer a company's existingtelephone number to their service. Subscription is available in a range ofpackages from the Company's website www.coms.com. As well as the obvious cost saving implications for businesses and consumers,the expanding market will enable Coms to develop and offer innovative newconvergent services such as video calling, IP Centrex, location independence andonline presence. It is these new innovative features, alongside the cost savingbenefits that are likely to encourage customers away from traditional PSTNsystems and combine their broadband service and voice calling system. Coms launched its consumer service in October 2006, and recently acquiredExchangeXT, a leading provider of business VoIP services, to enable Coms toenter the SME market. Coms is an Ofcom authorised Public Electronic Communications Network (PECN) anda member of the Internet Telephony Service Providers Association (ITSPA). Coms plc joined the AIM market of the London Stock Exchange on 6 September 2006. Copyright Business Wire 2008Related Shares:
SMRT.L