21st Dec 2009 10:40
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Press Release |
21 December 2009 |
Hightex Group plc
("Hightex" or "the Company")
Result of General Meeting
Further to the announcement of 4 December 2009, Hightex Group plc (AIM:HTIG), a leading designer and installer of large membrane roofs and façades worldwide, is pleased to announce that at the General Meeting held earlier today all resolutions proposed in respect of its placing of new Ordinary Shares were duly passed.
Application has been made for 5,555,650 Ordinary Shares of 1 penny each in the Company ("Ordinary Shares") to be admitted to trading on the AIM market of the London Stock Exchange and admission of the new Ordinary Shares is expected to become effective on 22 December 2009.
Following admission of the new Ordinary Shares, the Company will have 187,847,389 Ordinary Shares in issue. There are no shares held in Treasury.
The total number of voting rights in Hightex is therefore 187,847,389 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, Hightex, under the Disclosure and Transparency Rules.
- Ends -
For further information:
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Hightex Group plc |
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Charles DesForges, Chairman |
Tel: +44 (0) 20 7603 1515 |
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Charles Sebag-Montefiore, Non-Executive Director |
www.hightexworld.com |
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FinnCap |
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Clive Carver, Rhydian Bankes, Corporate Finance Tom Jenkins, Simon Starr, Broking |
Tel: +44 (0) 20 7600 1658 |
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www.finncapitalmarkets.com |
Media enquiries
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Abchurch Communications Limited |
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Henry Harrison-Topham / Charlie Jack |
Tel: +44 (0) 20 7398 7706 |
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www.abchurch-group.com |
Notes to Editors
Hightex Group is a specialist provider of large area architectural membranes for roofing and façade structures. The membranes are typically used in roofs and façades for sporting stadiums and arenas; airport terminals; train stations; shopping malls and other buildings. This type of structure is a competitive alternative to glass as it is cheaper, lighter, and safer as well as being flexible to create complex shapes and it can span larger areas. Hightex uses environmentally friendly materials and is focussed on innovative technology and coatings, which help to reduce a building's energy costs.
Hightex, one of only two international companies to design and install these structures worldwide, has been involved in the construction of a number of very high profile buildings including The Wimbledon Centre Court retractable roof, the Burj al Arab Hotel in Dubai, the roof of the Suvarnabhumi International Airport in Bangkok and the grandstand roof at Ascot Race Course.
The global market for membrane structures is estimated by the Hightex directors to approach around €350 million a year, and is growing as a result of the demand for energy efficient buildings and the popularity and cyclical nature of sporting events, which give rise to a continuing need for upgraded and new buildings and stadiums.
Headquartered in Rimsting, Germany the Group employs approximately 45 people and is listed on the AIM market of the London Stock Exchange (LSE: HTIG). Further information on Hightex Group plc can be found at www.hightexworld.com
Related Shares:
Hightex Group