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Result of EGM

5th Jul 2010 11:30

RNS Number : 8109O
Marwyn Capital I Limited
05 July 2010
 



MARWYN CAPITAL I LIMITED (the "Company")

Result of General Meeting and Change of Name

The Company is pleased to announce that all of the resolutions set out in the notice of general meeting included in the admission document issued by the Company on 17 June 2010 relating to the reverse takeover of Fulcrum Group Holdings Limited and the placing of 91,666,667 Ordinary Shares were duly passed at the General Meeting which was held today at 10.00 am.

Following the passing of these resolutions, the Company also announces that it has changed its name to Fulcrum Utility Services Limited and will change its EPIC/TIDM from "MCIL" to "FCRM" with effect from 8 July 2010. The ISIN for the Ordinary Shares is currently KYG587891014 but will change after Admission once the relevant formalities have been complied with. The new ISIN for the Ordinary Shares is expected to be issued within 10 business days of Admission.

The Board currently comprises Paul Everitt, Paul Cookson and James Corsellis. As set out in the Admission Document, the current directors will step down from the Board on Completion, which is expected to take place on 8 July 2010, and Philip Holder and John Spellman will join the Board as Chairman and Chief Executive Officer respectively. Stephen Gutteridge and Mark Watts will join the Board as Non-Executive Directors.

Application has been made for admission and dealings in the Ordinary Shares are expected to commence on AIM on 6 July 2010 in respect of 11,666,165 Ordinary Shares (the New EIS/VCT Placing Shares), on 7 July 2010 in respect of 14,249,500 Ordinary Shares (the Old VCT Placing Shares) and on 8 July 2010 in respect of 65,751,002 Ordinary Shares (the General Placing Shares). The total share capital of the Company of 88,555,665 Ordinary Shares (being the 62,640,000 Existing Ordinary Shares, 11,666,165 New EIS/VCT Placing Shares and 14,249,500 Old VCT Placing Shares) will be cancelled and re-admitted to AIM on 8th July 2010, along with the 65,751,002 General Placing Shares so that the total number of Ordinary Shares in issue following Admission will be 154,306,667.

Definitions used in this announcement shall have the same meaning as in the Admission Document dated 17 June 2010 unless the context requires otherwise.

Enquiries:

Cenkos Securities plc (nominated adviser and broker) +44 (0)20 7397 8900

Beth McKiernan/Stephen Keys

 

Merlin PR +44 (0)20 7726 8400

Toby Bates / Vanessa Maydon

 

A copy of the Admission Document, the Memorandum of Association and Articles of Association of the Company is available from the Company's website at www.marwyncapitalone.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Related Shares:

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