22nd May 2008 13:08
For immediate release 22 May 2008
Spiritel plc
("Spiritel" or "the Company")
RESULT OF EXTRAORDINARY GENERAL MEETING
HOLDING(S) IN COMPANY
The Board of Spiritel plc (AIM: STP.L), the business communications services provider, is pleased to announce that following the Extraordinary General Meeting held today all of the resolutions presented to Shareholders in its Circular dated 28 April 2008 were duly passed.
Accordingly 237,406,046 ordinary shares of 1p ("Ordinary Shares") have been issued and allotted to Penta Fund 1 Limited Partnership and Penta Fund 1 SP Limited Partnership. Following this issue together the Penta Funds' total holding is 276,819,845 Ordinary Shares and represents approximately 49.99 per cent. of the enlarged issued ordinary share capital of the Company.
The total number of Ordinary Shares in issue has increased to 553,639,692 and it is expected that these shares will be admitted to trading on 28 May 2008.
Commenting on the result of the EGM, Alastair Mills, Chief Executive said: "We are delighted that Penta have completed this conversion demonstrating their ongoing confidence in the Company. It is a testament to their faith in Spiritel's business model and the immense progress the Company has made in recent months. Not only this but it also saves the Company a substantial amount in interest payments for the coming year."
For further information please contact:
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Spiritel plc |
Tel: 020 7160 0100 |
|
Alastair Mills, Chief Executive |
|
|
Daniel Stewart & Company plc |
Tel: 020 7776 6550 |
|
Simon Leathers |
|
|
Tavistock Communications |
Tel: 020 7920 3150 |
|
Simon Hudson / Clemmie Carr |
Related Shares:
STP.L