Result of General Meeting (1057M)

TIDMMAN

RNS Number : 1057M

Manroy PLC

10 August 2011

MANROY PLC

("MANROY" OR THE "COMPANY")

RESULT OF GENERAL MEETING

Further to its announcement made on 25 July 2011 and the related circular issued to Shareholders dated 25 July 2011 (the "Circular"), Manroy is pleased to announce that at its General Meeting held earlier today, the resolution proposed to be considered, being the Whitewash Resolution, was approved on a poll by Independent Shareholders.

Under the terms of the Company's agreement with Caledonian Heritable, the allotment of the Consideration Shares will take place on the business day immediately following expiry of five days following approval of the Whitewash Resolution by Independent Shareholders. Accordingly, it is expected that the acquisition of the 49 per cent. interest in Manroy USA will complete on Wednesday 17 August 2011. Application will be made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM and it is expected that admission of the Consideration Shares will become effective at 8.00 a.m. on Wednesday 17 August 2011.

The precise number of Consideration Shares and the resultant Enlarged Share Capital will be based on the Sterling/US Dollar exchange rate on the business day immediately prior to the date of Completion. Based on the illustrative exchange rate on 22 July 2011, being the last business day immediately prior to issue of the Circular, following Second Admission, the Company will have 18,203,693 ordinary shares of 5p each in issue. The actual number of Consideration Shares and resultant Enlarged Share Capital will be announced as soon as possible after Completion.

Further to the Placing referred to in the Circular, it is expected that the First Placing Shares will be admitted to trading on AIM on 11 August 2011 and that the Second Placing Shares will be admitted to trading on AIM on 12 August 2011.

Unless otherwise defined in this announcement, definitions on pages 31 to 34 of the Circular have the same meanings in this announcement.

Andrew Blurton, Chairman of Manroy, said: "We are very pleased to have received such strong support from so many of our existing Shareholders, as well as from new institutional investors who have subscribed in the Placing. Having exercised the Option to acquire a 49 per cent. interest in Manroy USA at the end of June, we look forward to completing the acquisition during next week."

For further information please contact:

 
 Manroy Plc                         Tel: 01252 874 177 
  Glyn Bottomley, Chief Executive 
  Paul Carter, Finance Director 
 Arbuthnot Securities Limited       Tel: 020 7012 2000 
  Tom Griffiths 
  Ed Groome 
 Tavistock Communications           Tel: 020 7920 3150 
  Baron Phillips 
  Simon Compton

Ends

This information is provided by RNS

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