3rd Jun 2009 14:10
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
3 June 2009
Midas Capital PLC
("Midas" or the "Company")
Result of General Meeting
Midas Capital plc, the AIM quoted company encompassing Fund Management, Wealth Management and Corporate Services, announces that, at a General Meeting of the Company held earlier today, the Company's shareholders approved the resolutions, announced on 18 May 2009, in relation to the restructuring of the outstanding loan facilities of the Company and the introduction of a new Management Incentive Plan.
Completion of the restructuring of the outstanding loan facilities and the resultant admission to AIM of the new Ordinary shares will take effect immediately following the receipt of the appropriate regulatory approvals, which are expected to be received in the next two weeks. A further announcement will be made when such approvals have been received.
The current 57,335,920 Ordinary 10p shares are to be converted to 57,335,920 Ordinary 0.1p shares with effect from 4th June 2009 and admission of those shares to trading on AIM is expected to commence on that date.
A summary of proxy votes received will be available shortly on the Company's website,
www.midascapitalplc.com.
For further information, please contact:
|
Colin Rutherford, Executive Chairman, Midas |
07768 053 054 |
|
Roland Cross, Director, Broadgate |
020 7726 6111 |
|
Richard Vaughan/Matt Stoate, Kinmont |
020 7087 9100 |
|
(Financial Advisor to Midas) |
|
|
James Steel, Arbuthnot Securities Limited |
020 7012 2000 |
|
(Nominated Advisor and Broker to Midas) |
Web: www.midascapitalplc.com
Kinmont Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as financial advisor to the Company in relation to the matters referred to in this announcement and no one else and will not be responsible to any other person for providing the protections afforded to clients of Kinmont or for providing advice in relation to the matters referred to in this announcement.
Related Shares:
MGR.L