9th May 2011 13:50
Masawara plc
("Masawara" or the "Company")
Result of Extraordinary General Meeting
The Company is pleased to announce that at the Extraordinary General Meeting of the Company held at 12 noon today all resolutions were duly passed.
Accordingly, the conditional placing announced on 19 April 2011 will proceed and admission to trading for 24,102,564 new ordinary shares of the Company is expected to commence at 8.00 am on 10 May 2011.
The new ordinary shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 123,465,409 ordinary shares with voting rights. The Company holds no shares in treasury, therefore the total number of voting rights in the Company is 123,465,409 ordinary shares.
This figure of 123,465,409 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
Contact details
Masawara plc
Oliver Lutz/Rutendo Maziva +263 4 751805
Cenkos Securities plc (Nominated adviser and broker)
Nicholas Wells/Max Hartley /Elizabeth Bowman +44 20 7397 8900
Related Shares:
Masawara