Result of EGM
August 22 2003 - 10:34AM
UK Regulatory
RNS Number:9808O
Hot Group PLC
22 August 2003
For immediate release
22 August 2003
hot group plc
("hot group" or the "Company")
Result of EGM
Further to the announcement made on 28 July 2003, the Company is pleased to
announce that all the resolutions put to the shareholders of the Company at the
extraordinary general meeting held today, details of which were set out in the
circular to shareholders dated 28 July 2003, were duly passed. The resolutions
were in relation to, inter alia, the acquisition of Parkside Recruitment Limited
("Acquisition") and authorise the placing and open offer of 85,000,000 new
ordinary shares of 10p each in the Company ("New Ordinary Shares") at a price of
12p per share. The Placing and Open Offer remain conditional on Admission.
Application has been made to the London Stock Exchange for admission of the VCT/
EIS Shares and a further application has been made for the re-admission of the
48,316,105 existing ordinary shares and the admission of the 85,000,000 New
Ordinary Shares to trading on AIM. It is expected that First Admission will
become effective on 26 August 2003. It is expected that Second Admission will
become effective and that dealings in the New Ordinary Shares will commence on
27 August 2003. Completion of the Acquisition is due to take place on 29 August
2003.
Unless the context otherwise requires, defined terms used in this announcement
shall have the meanings given to them in the circular to shareholders of the
Company dated 28 July 2003.
Enquiries:
hot group plc
Tony Reeves
Chairman and Chief Executive Officer Tel: (0870) 202 0121
Steve Wright
Finance Director Tel: (0870) 202 0121
Strand Partners Limited
Rory Murphy
Director Tel: (020) 7409 3494
Numis Securities Limited
Charles Crick
Managing Director Tel: (020) 7776 1500
END
This information is provided by RNS
The company news service from the London Stock Exchange
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