20th Sep 2007 13:11
KimCor Diamonds plc20 September 2007 KimCor Diamonds Plc ("KimCor" or the "Company") Result of Extraordinary General Meeting The Board of KimCor is pleased to announce that the resolutions proposed at theExtraordinary General Meeting held earlier today to approve, inter alia, theacquisition of Dwyka Diamonds Holdings Limited, the waiver of obligations underRule 9 of the City Code on Takeovers and Mergers and related matters, as set outin the notice of Extraordinary General Meeting dated 21 August 2007, were dulyapproved by Shareholders. The Acquisition remains conditional on Admission. On Admission, Dwyka Resources Limited will be interested in aggregate in134,383,718 Ordinary Shares representing approximately 50.09 per cent. of theCompany's enlarged issued share capital. Application has been made to the London Stock Exchange for the Ordinary Sharesof the Company to be admitted to trading on AIM. Admission is expected to becomeeffective and dealings in the 268,265,577 Ordinary Shares are expected tocommence at 8.00 a.m. tomorrow, Friday 21 September 2007. Completion of the Acquisition is due to take place on 21 September 2007. Witheffect from completion of the Acquisition, Melissa Sturgess will be appointed asNon-Executive Chairman and Cedric Bredenkamp as Managing Director, reporting toMartyn Churchouse, Chief Executive Officer. Gordon Riddler and Manish Kotechawill resign from the Board. Unless the context otherwise requires, defined terms used in this announcementshall have the meanings given to them in the Admission Document to shareholdersof the Company dated 21 August 2007. The Directors accept responsibility for the contents of this announcement. The Board of KimCor is also pleased to announce that at its Annual GeneralMeeting held earlier today at the offices of Nabarro, Lacon House, 84 Theobald'sRoad, London WC1X 8RW, all resolutions were duly passed. Enquiries: KimCor Diamonds Plc Tel: +44 (0) 20 7290 1400Martyn Churchouse, Chief Executive OfficerSarah Rossi, Company Secretary Strand Partners Limited Tel: +44 (0) 20 7409 3494Simon RaggettWarren PearceVictoria Milne-Taylor Bishopsgate Communications Tel: +44 (0) 20 7562 3350Maxine BarnesNick Rome Strand Partners Limited, which is authorised and regulated in the United Kingdomby the Financial Services Authority, is acting as financial and nominatedadviser to the Company in connection with the Acquisition and proposed admissionof the Enlarged Share Capital to trading on AIM. Its responsibilities as theCompany's nominated adviser under the AIM Rules are owed solely to the LondonStock Exchange and are not owed to the Company or to any Director or ProposedDirector or to any other person in respect of their decision to acquire sharesin the Company in reliance on any part of this announcement. Strand PartnersLimited is not acting for anyone else and will not be responsible to anyoneother than the Company for providing the protections afforded to its clients orfor providing advice in relation to the contents of this announcement or theAcquisition or Admission of the Enlarged Share Capital to trading on AIM. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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