18th Jul 2007 11:11
CareTech Holdings PLC18 July 2007 CareTech Holdings PLC18 July 2007 CARETECH HOLDINGS PLC ('CareTech') Result of EGM The Company is pleased to announce that at the Extraordinary General Meetingheld earlier today, both the special and ordinary resolutions were duly passed. As a result of the passing of resolution 1, an ordinary resolution, theDirectors are unconditionally authorised to exercise all powers of the Companyto allot ordinary shares, up to a nominal amount of £60,387, representingapproximately 33 per cent. of the Company's current issued ordinary sharecapital. As a result of the passing of resolution 2, a special resolution, the Directorsare empowered to allot ordinary shares for cash up to an aggregate nominal valueof £9,058, representing approximately 5 per cent. of the Company's currentissued shared capital. The Directors consider this supportive of the Company's ongoing strategy forgrowth through acquisition by giving them the flexibility, if required, toenable the Company to take advantage of business opportunities that may arise. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CTH.L