5th Mar 2009 15:10
5 March 2009
Glen Group plc
("the Company")
Result of Annual General Meeting
and Extraordinary General Meeting
At the annual general meeting of the Company held today, all resolutions proposed were duly passed.
In accordance with Section 142 of the Companies Act 1985 an extraordinary general meeting was also held by the Company today to consider whether any, and if so what, steps should be taken to deal with the situation that the Company (being a public company) has net assets that are half or less of its called up share capital. As already announced, apart from continuing to pursue their stated strategy of building an integrated telecommunications business, the directors do not consider that any particular steps need or should be taken to deal with the situation at this time. No further steps were proposed in this regard at the meeting.
The name of the Company will change to Pinnacle Telecom Group plc with effect from 10 March 2009.
For further information, please contact:
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Glen Group plc |
|
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Graham J Duncan, Non-Executive Chairman Alan J Bonner, Chief Executive Officer |
00131 202 0102 00845 119 2100 |
Zeus Capital Limited
Ross Andrews
Bobby Fletcher 0161 831 1512
Pelham PR
Alex Walters 0203 170 7435
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