1st Dec 2006 12:35
Flightstore Group PLC01 December 2006 Flightstore Group Plc Result of EGM and change in Director's Shareholdings On 8 November the Company announced proposals, conditional upon shareholders'approval, regarding a capital reorganisation, subscription of 2,000,000,000 newordinary shares at 0.01p per share, an issue of warrants over 1,025,000,000 newordinary shares and a waiver of obligations under Rule 9 of the Takeover Code. The Company is pleased to announce that at the Extraordinary General Meetingheld earlier today shareholders approved all resolutions in respect of theseproposals. It is expected that dealings in the existing ordinary shares, following thecapital reorganisation, and the new subscription shares will commence on 4December 2006. Application has been made for the 2,100,376,460 new ordinary shares of 0.01p(consisting of 2,000,000,000 newly issued ordinary shares and 100,376,460 newordinary shares subdivided and converted from the previous 1p ordinary shares)to be ordinary shares of 0.01p to be admitted to trading on AIM and dealings areexpected to commence on 4 December 2006. In accordance with the AIM Rules, the London Stock Exchange has indicated thatit is likely to suspend the dealing facility in the Company's ordinary sharesfrom the commencement of business on 5 December 2006. The Company's ordinaryshares are likely to stay suspended until the Company has completed anacquisition. If the ordinary shares stay suspended for 6 months then the tradingfacility will be cancelled. As previously announced on 8 November, David Sebire, non executive chairman,resigned at the conclusion of the Extraordinary General Meeting to focus on hismainstream business activities. On 8 November 2006, the Company announced that the Directors had agreed to waivetheir right to awards and options under the Company's Option Schemes and wereentitled to acquire the same number of Ordinary Shares as they would have beenentitled under the Company's Option Schemes at a price of 0.01p per OrdinaryShare. On 1 December 2006, John Caulcutt purchased 644,016 Ordinary Shares at 0.01p pershare and Marcus Bicknell purchased 1,611,758 Ordinary Shares at 0.01p pershare. The interests of the Directors in the issued share capital of the Company are asfollows: Director Number of Ordinary Shares %John Caulcutt 10,221,228 0.48Marcus Bicknell 1,611,758 0.07 Contact details: City Financial Associates LimitedRoss AndrewsTel: 020 7090 7800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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