12th Mar 2010 11:15
12 March 2010
Plant Impact plc
("Plant Impact" or the "Company")
Result of General Meeting
The Company is pleased to announce that all resolutions put before members at its General Meeting held earlier today were duly passed.
As a result, the 14,222,006 new ordinary shares, which are being issued pursuant to a placing to raise £2.1m (before expenses), will be admitted to trading on AIM ("Admission") at 8.00a.m. on 15 March 2010.
Following Admission, the Company will have 45,654,109 ordinary shares in issue. 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 to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
At the General Meeting Martin Robinson, Chairman of the Company, made the following comment:
"We are pleased to have completed this fundraising which, the board of Plant Impact believes, gives the Company sufficient capital to execute its current business plan. Plant Impact's management team looks forward to updating shareholders on the Company's progress in the coming months."
For further information, please contact:
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Plant Impact Plc |
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Peter Blezard, Chief Executive Office |
+44 (0) 1772 645 164 |
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Mike Panteli, Chief Financial Officer |
+44 (0) 1772 645 164 |
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Nominated Adviser and Joint Broker |
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Allenby Capital |
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Nick Naylor / Jamie Boyd
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+44 (0) 20 3328 5661 |
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About Plant Impact plc
Plant Impact addresses the increasing global demand for effective, sustainable and ecologically-sound products to combat environmental plant stress and improve crop productivity. Common environmental plant stresses include drought, salinity, nutrient deficiencies, pests and disease. Plant Impact's advances produce practical results that reduce inputs and benefit the whole of the agricultural value chain, providing solutions for growers, food manufacturers and consumers.
A broad product portfolio has been developed using these innovative and proprietary technologies, the most advanced of which are already being marketed and sold through established agricultural distribution networks. Products for the home and garden market are also distributed direct to consumers through reputable high street stores.
For further information about Plant Impact and its products please visit www.plantimpact.com
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Plant Impact