19th Oct 2009 11:34
19 October 2009
Augean plc ("Augean" or the "Company")
Result of General Meeting
Augean, a major player in the UK hazardous waste management market, announces that at its General Meeting held earlier today, the resolutions as set out in the circular sent to shareholders on 2 October in reference to the placing of 34,210,522 new ordinary shares of 10 pence each ("New Ordinary Shares") at 38 pence per New Ordinary Share, were duly passed.
The fundraising consists of two tranches, each conditional upon admission to trading on AIM, a market of the London Stock Exchange ("AIM") and upon the placing agreement having become unconditional and not being terminated (as regards that tranche). The first tranche consisted of 21,052,626 New Ordinary Shares (the "First Tranche"), for which dealings on AIM commenced on 6 October 2009.
Following the approval by shareholders today, the 13,157,896 New Ordinary Shares constituting the second tranche of the fundraising are expected to be admitted to trading on AIM on 22 October.
Following the admission of new shares, the Company will have 99,699,414 shares in issue.
- Ends -
For further information please contact:
|
Augean plc Paul Blackler, Chief Executive Peter Southby, Finance Director |
01937 844 980 |
|
Singer Capital Markets Limited Shaun Dobson Claes Spång |
020 3205 7500 |
|
Financial Dynamics Billy Clegg Edward Westropp |
020 7269 7157 |
Singer Capital Markets Limited, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting exclusively for Augean and no one else in connection with matters described in this announcement and will not be responsible to anyone other than Augean for providing the protections afforded to clients of Singer Capital Markets Limited nor for providing advice in relation to matters described in this announcement.
Related Shares:
AUG.L