29th Jun 2005 11:19
Volex Group PLC29 June 2005 Wednesday 29 June 2005 Volex Group Plc ("the Company") Result of Extraordinary General Meeting At the extraordinary general meeting of the Company, which took place earliertoday, the Resolutions put to shareholders in order to effect the firm placingand the placing and open offer of 25,850,340 new ordinary shares of 25p each(the "New Ordinary Shares") announced on 6 June 2005, were duly passed. The FirmPlacing and the Placing and Open Offer remain conditional upon admission of theNew Ordinary Shares to the Official List of the UK Listing Authority and totrading on the London Stock Exchange plc's markets for listed securities("Admission"). It is expected that Admission and dealings in the New OrdinaryShares will occur by 8.00 a.m. tomorrow, 30 June 2005. John Corcoran, Chief Executive, Volex Group commented: "I am delighted and encouraged by the support of our shareholders who today haveunanimously approved all resolutions relating to the Issue. The proceeds of the Issue coupled with the new banking facilities place theGroup on a very sound financial footing. This enables the Directors to focus onthe Group's strategy to restructure and invest in the available growthopportunities." For further information please contact: Volex Group Plc 01925 830101David Beever, Interim ChairmanJohn Corcoran, Group Chief ExecutiveDerek Walter, Group Finance Director Evolution Securities 020 7071 4300Tim Worlledge, Matthew Wood Weber Shandwick Square Mile 020 7067 0700Chris Lynch/Nick Dibden This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Volex