27th Sep 2006 12:17
Voss Net PLC27 September 2006 For immediate release Not for release, publication or distribution in whole or in part in or into theUnited States, Canada, Australia, Republic of South Africa or Japan 27 September 2006 Voss Net plc ("Voss Net" or the "Company") Result of Extraordinary General Meeting The Board of Voss Net is pleased to announce that the resolutions proposed atthe Extraordinary General Meeting held earlier today to approve, inter alia, theacquisition of Tanzania Gold Limited, the waiver of obligations under Rule 9 ofthe City Code on Takeovers and Mergers, the 1 for 20 share consolidation, theadoption of new Articles of Association, the change of name to "Tanzania Goldplc" and the Placing of 4,872,500 New Ordinary Shares to raise £2,436,250 incash before expenses and related matters, as set out in the notice ofExtraordinary General Meeting dated 4 September 2006, were duly approved byShareholders. The Acquisition and Placing remain conditional on Admission. On Admission, the Concert Party will be interested in aggregate in 11,637,401New Ordinary Shares representing approximately 48.44 per cent. of the Company'senlarged issued share capital. As referred to above, a resolution to approve the consolidation of the ordinaryshares in issue was passed today in order to re-base the Company's share price.Pursuant to this resolution, every 20 Ordinary Shares in issue have beenconverted into 1 New Ordinary Share of 0.2p. Trading in the Existing OrdinaryShares on AIM will cease with effect from the close of business on Thursday 28September 2006. Application has been made to the London Stock Exchange for theNew Ordinary Shares to be admitted to trading on AIM. Admission is expected tobecome effective and dealings in the 24,024,345 New Ordinary Shares are expectedto commence at 8.00 a.m. on Friday 29 September 2006, under the Company's newname of Tanzania Gold plc (AIM: TZG). Completion of the Acquisition is due to take place on 29 September 2006. Witheffect from completion of the Acquisition, Clive Sinclair-Poulton will beappointed as Chief Executive Officer, Mark Burchnall as Executive Director andTony Hopkins and Melissa Sturgess as Non-Executive Directors. Gerard Nealon willassume the role of Non-Executive Chairman. Denis Chambers will resign from theBoard. Save as set out in the Admission Document that was posted to Shareholderson 4 September 2006, there is no further information to be disclosed in respectof the Proposed Directors under paragraph (g) of Schedule 2 of the AIM Rules. Unless the context otherwise requires, defined terms used in this announcementshall have the meanings given to them in the Admission Document to shareholdersof the Company dated 4 September 2006. The Directors and Proposed Directors accept responsibility for the contents ofthis announcement. Enquiries: Voss Net plcGerard Nealon, Executive Chairman Tel: (020) 7929 4391 Strand Partners LimitedJames Harris Tel: (020) 7409 3494Matthew Chandler St Swithins PR LimitedGary Middleton Tel: (020) 7929 4391 Strand Partners Limited, which is authorised and regulated in the United Kingdomby the Financial Services Authority, is acting as nominated adviser and brokerto the Company in connection with the Acquisition, Placing and Admission of theEnlarged Share Capital to trading on AIM. Its responsibilities as the Company'snominated adviser and broker under the AIM Rules are owed solely to the LondonStock Exchange and are not owed to the Company or to any Director or ProposedDirector or to any other person in respect of his decision to acquire shares inthe Company in reliance on any part of this announcement. Strand PartnersLimited is not acting for anyone else and will not be responsible to anyoneother than the Company for providing the protections afforded to its clients orfor providing advice in relation to the contents of this announcement or theAcquisition, the Placing or Admission of the Enlarged Share Capital to tradingon AIM. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Bezant Res