5th Nov 2008 14:14
Impact Holdings (UK) plc Result of Annual General Meeting Capital Reorganisation Total Voting Rights
Impact Holdings (UK) plc, (AIM: IHUK), the specialist lending business, is pleased to announce that all 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 released on 30 September 2008 and the passing of the relevant resolution at the AGM today, the proposed Capital Reorganisation has been approved by shareholders.
Following the Capital Reorganisation the Company's authorised share capital will comprise 5,000,000 ordinary shares of 50p each and 45,000,000 B ordinary shares of 50p each. The issued share capital will comprise 1,133,334 ordinary shares of 50p each and 10,200,006 B ordinary shares of 50p each. Therefore, the figure of 1,133,334 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
The Company's ordinary shares of 50p each will commence trading at 8:00 am on Thursday 6 November 2008 under ISIN GB00B3DFYL18.
Further information:
Impact Holdings (UK) plc
Paul Davies, Chief Executive Officer Tel: 0161 437 9499
Daniel Stewart & Company plc
Simon Leathers/Tessa Smith Tel: 020 7776 6550
Notes to Editor:
Impact Holdings (UK) plc through its individual subsidiaries provides short
term funding solutions, loans administration and IT support services in two
specific sectors:
1. The legal disbursements market;
2. Property based bridging and development market.
In addition Impact will fund other opportunities where debt instruments or
debentures provide the primary security and there are opportunities for short
term bespoke funding where serviceability precludes larger lenders from
entering this area.
Impact is regulated by The Office of Fair Trading through which it is licensed
to lend under the Consumer Credit Act 1974 and the Financial Services Authority
for regulated lending.
vendorRelated Shares:
IHUK.L