6th Mar 2008 11:24
iimia MitonOptimal plc06 March 2008 6 March 2008 iimia Mitonoptimal plc (the "COMPANY") Result of General Meeting and Changes to Board, Name and Website Address On 12 February 2008, the Company announced that it had conditionally agreed toacquire the entire issued share capital of Midas Capital Partners Limited, thefast growing fund management company based in Liverpool with FUM of over £1.6billion as at 31 January 2008. At the general meeting of the Company, which took place earlier today, allresolutions proposed to effect the Acquisition and the Placing, to adopt newarticles of association and to change the Company's name to Midas Capital plcwere duly passed. The Acquisition and the Placing remain conditional upon Admission. It isexpected that the Existing Ordinary Shares will be re-admitted, and the NewOrdinary Shares will be admitted, to trading on AIM and that dealings in theEnlarged Share Capital will commence on AIM at 8.00 a.m. on 7 March 2008. Following the General Meeting, the Company has appointed Colin Rutherford as anon-executive director and chairman of the Board, Lord Wade of Chorlton as anon-executive director and deputy chairman of the Board, Simon Edwards asmanaging director and Adrian Collins as a non-executive director. Furthermore,following the General Meeting, William Long stood down as chairman but iscontinuing to act as a non-executive director of the Company. Martin Gray andBruce McIntosh have stood down as directors of the Company but are continuing asemployees of the Enlarged Group. The Company's change of name to Midas Capital plc is effective from today. TheCompany's website address will change to www.midascapitalplc.co.uk with effectfrom 7 March 2008. EnquiriesMichael Phillips, iimia MitonOptimal plc Tel: 07738 181 520Simon Edwards, Midas Capital Partners Limited Tel: 07947 118 670Sue Inglis, Intelli Corporate Finance Limited Tel: 020 7653 6300James Steel, Arbuthnot Securities Limited Tel: 020 7012 2000Roland Cross, Broadgate Tel: 020 7726 6111 Notes Unless the context otherwise requires, terms used in this announcement shallbear the meanings given to them in the Company's AIM admission document dated 12February 2008. That admission document includes the information on thoseindividuals who will become directors of the Company on Admission specified bySchedule Two, paragraph (g) of the AIM Rules for Companies. Intelli, which is authorised and regulated by the FSA, is acting solely for theCompany and no one else in connection with the Proposals and will not beresponsible to anyone other than the Company for providing the regulatory andlegal protections afforded to customers (as defined by the FSA Rules) of Intellior for providing advice in relation to the contents of this document or anymatter, transaction or arrangement referred to in it. Arbuthnot, which is authorised and regulated by the FSA, is acting as nominatedadviser and broker to the Company and no one else in connection with Admissionand will not be responsible to any person other than the Company for providingthe regulatory and legal protections afforded to customers (as defined by theFSA Rules) of Arbuthnot or for providing advice in relation to the contents ofthis document or any matter, transaction or arrangement referred to in it. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MGR.L