23rd Aug 2007 16:58
3DM Worldwide PLC23 August 2007 Environmental Recycling Technologies plc ("ERT" or "the Company") Result of Extraordinary General Meeting At the Extraordinary General Meeting of the Company, which took place on earliertoday, the resolutions put to shareholders in order to effect the placing of57,377,049 new ordinary shares of 2.5p each at a price of 4.88p (the "Placing")and to change the name of the Company announced on 30 July 2007, were dulypassed. The Placing remains conditional upon Admission. It is expected that Admissionand dealings in the New Ordinary Shares will occur by 8.00 a.m. on 30 August2007. Following Admission, the number of New Ordinary Shares in issue will be224,229,988. The Company's name has now changed to Environmental Recycling Technologies plc.A new Stock Exchange Ticker of ENRT.L will come into effect as of 24 August2007. One of the reasons for changing the Company's name was to emphasise theCompany's focus on its core activities of European and African based recycling.To that end, the board is pleased that Roger Baynham, with his expertise in thisarea, is increasing his involvement in the Company by taking an executive ratherthan non-executive role. A new website domain of www.environmentalrecyclingtechnologies.com has beencreated through the exiting website, which will remain live for the time being.The new website contains our new logo and branding. Having completed the Placing and changing the Company's name, the Board intendsto conduct a review the Company's operations to focus on its core activity ofcommercialising its proprietary Powder Impression Moulding process. It isanticipated that non-core assets will be disposed. Enquiries: Niall Mackay, CEO, 3DM Worldwide plc Tel: 020 7692 7002Tim Worlledge/Fergus Marcroft, Evolution Securities Tel: 020 7071 4300 23 August 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ENRT.L