15th Feb 2008 11:45
Aricom PLC15 February 2008 Press Release 15 February 2008 Aricom plc ("Aricom" or "the Company") Results of EGM/Total Voting Rights Aricom (LSE: ORE, OREW), the Anglo-Russian developer of mineral resources,announces that shareholder approval was granted at an Extraordinary GeneralMeeting of the Company ("EGM") held today for the acquisition of 29.26 per cent.of the shares in the company that holds the Garinskoye licence. Following theacquisition of these shares Aricom will own 99.58 per cent of Garinskoye. This EGM follows the announcement on 13 December 2007 that Aricom had enteredinto a conditional agreement with Olis Constructions Limited ("Olis") to acquire29.26 per cent. of Lapwing Limited, the Cypriot holding company that owns LLCGarinsky Mining & Metallurgical Complex which in turn holds the Garinskoyelicence (the "Acquisition") and the announcement on 17 January 2008 of theposting of a circular to shareholders describing the Acquisition and conveningthe EGM. As Olis is a co-shareholder in Lapwing, it is regarded as a relatedparty and the Acquisition was subject to shareholder approval which was grantedat the EGM. Application has been made for the admission of 28,265,903 ordinary shares tolisting on the Official List and to trading on the main market of the LondonStock Exchange ("Admission") and dealings in these ordinary shares are expectedto commence at 8.00 a.m. on Monday 18 February 2008. In conformity with the Transparency Directive, Aricom plc is required to notifythe market of the following: Following this issue the total issued share capital of the Company will comprise1,147,588,763 ordinary shares with a nominal value of £0.001 each, each ordinaryshare conveying the right to one vote. Aricom Plc does not hold any Ordinaryshares in Treasury. Therefore, after Admission the total number of votingrights in Aricom will be 1,147,588,763. The above figure of 1,147,588,763 shares may be used by shareholders as thedenominator for the calculations by which they will determine if they arerequired to notify their interest in, or a change to their interest in, Aricomunder the Financial Service Authority's Disclosure and Transparency Rules. Ends - For further information:Aricom plcCharlie Gordon, Investor Relations Officer Tel: +44 (0) 20 7201 8939 www.aricom.plc.ukAbchurchCharlie Jack/ George Parker Tel: +44 (0) 20 7398 7700 www.abchurch-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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