29th Sep 2008 11:46
For Immediate Release
29 September 2008
RAM INVESTMENT GROUP PLC
("RAM" or the "Company")
Capital Reorganisation and Result of EGM
The Company is pleased to announce that at the Extraordinary General Meeting held today, holders ("Ordinary Shareholders") of ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") approved the following proposals:
consolidating and then sub-dividing the ordinary share capital of the Company;
increasing the authorised share capital of the Company;
giving the directors of the Company ("Directors") authority to allot relevant securities pursuant to section 80 of the Companies Act 1985; and
giving the Directors authority to allot for cash unissued New Ordinary Shares without first offering them on a pre-emptive basis to holders of New Ordinary Shares (as defined below).
Accordingly, application has been made for the 5,677,900 new ordinary shares of 1p each arising from the Capital Reorganisation (the "New Ordinary Shares") to be admitted trading on AIM. It is expected that admission will be effective and dealings will commence on AIM on 30 September 2008.
Contact:
Edward Adams, Ram Investment Group plc on 07967 008448
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396
Related Shares:
RAM.L