2nd May 2008 07:00
Mercury Group PLC02 May 2008 2 May 2008 Mercury Group plc ("Mercury" or the "Company") Results of Meetings Mercury announces that at the annual general meeting and the general meeting ofthe Company held yesterday, all resolutions were duly passed, including theresolution to effect a capital reorganisation on the following basis: (a) the 117,525,684 ordinary shares of 1p each in the capital ofthe Company ("Existing Ordinary Shares") be and are hereby consolidated into newordinary shares of £6 each in the capital of the Company ("Consolidated OrdinaryShares") on the basis of one Consolidated Ordinary Share for every 600 ExistingOrdinary Shares. All Consolidated Ordinary Shares held in fractions as a resultof such consolidation shall be sold and the proceeds retained for the benefit ofthe Company; (b) each of the Consolidated Ordinary Shares in the capital of theCompany be and are hereby subdivided into 60 new ordinary shares of 10p each inthe capital of the Company ("Subdivided Ordinary Shares"); (c) the Subdivided Ordinary Shares shall be divided into newordinary shares of 1p each in the capital of the Company ("New Ordinary Shares")and deferred shares of 9p each in the capital of the Company ("Deferred Shares")on the basis of one New Ordinary Share and one Deferred Share for eachSubdivided Ordinary Share; and (d) all of the existing authorised but unissued deferred shares of0.1p be and are hereby cancelled and the amount of the Company's share capitalshall be diminished by the amount of the shares so cancelled. Following the capital reorganisation, the Company will have 11,752,560 votingNew Ordinary Shares in issue. In addition, the resolution relating to the cancellation of admission to tradingin the New Ordinary Shares on AIM, as announced on 31 March 2008, was passed.The proposed delisting is expected to take place at 7:00am on 30 May 2008. Enquiries: +-----------------------------------------------------+-----------------+|Mercury Group Plc | 020 7343 4000||George Kynoch - Chairman | || | || | ||John East & Partners Limited | 020 7628 2200||David Worlidge | || | |+-----------------------------------------------------+-----------------+ This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MGP.L