Result of Special Meeting
August 26 2009 - 10:29AM
UK Regulatory
TIDMRPSE
RNS Number : 0563Y
Research Pharmaceutical SRV, Inc
26 August 2009
August 26, 2009
ReSearch Pharmaceutical Services, Inc.
Result of Special Meeting of Stockholders and Warrantholders
Further to the announcement issued on July 27, 2009, ReSearch Pharmaceutical
Services, Inc. (the "Company") announces that at the Special Meeting of
stockholders and warrantholders held earlier today, Proposal One, which related
to stockholder approval of cancellation of the Company's common stock (the
"Common Stock") from trading on AIM, was passed by the requisite majority.
Proposal One-W which related to warrant holder approval of cancellation of the
Company's warrants (the "Warrants") from trading on AIM was not passed.
Consequently, it is anticipated that admission to trading on AIM of the Common
Stock will be cancelled from 7.00 am on September 4, 2009 following which the
Common Stock will not be tradeable on AIM, but will remain transferable as
described in the proxy statement mailed to stockholders and warrant holders on
July 24, 2009 and subject to applicable securities laws.
The Company's nominated adviser has indicated that it will resign from its
position as nominated adviser as of the date the Common Stock is cancelled from
trading on AIM. Thereafter, trading of the Warrants on AIM will be suspended,
and if the Company does not appoint another nominated adviser within one month
after the suspension from trading on AIM of the Warrants (which appointment of a
new nominated adviser the Company believes to be unlikely), the admission of the
Warrants to trading on AIM will also be cancelled.
For further information please contact:
ReSearch Pharmaceutical Services, Inc.: +1 215
540 0700
Daniel M. Perlman, Chairman & Chief Executive Officer
Steven Bell, Chief Financial Officer
Nominated Adviser and UK Broker: +44 20
7012 2000
Arbuthnot Securities Limited
James Steel / Ed Burbidge
This information is provided by RNS
The company news service from the London Stock Exchange
END
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