Result of EGM
July 13 2009 - 5:54AM
UK Regulatory
TIDMSC.
RNS Number : 5517V
Supercart PLC
13 July 2009
Supercart plc (the "Company")
Result of General Meeting
The Board is pleased to announce that all resolutions to approve the Placing and
Subscription to raise GBP1.5 million were duly passed at the Company's General
Meeting held earlier today.
The net proceeds of the Placing and Subscription, totalling approximately GBP1.4
million, will be used to increase the working capital facilities of the Company
following the acquisition of the US assets by the Company and the Board believes
that the proceeds will provide Supercart with the necessary working capital
headroom to exploit the lucrative North American market.
For further information please contact:
+-----------------------------------------------------+--------------------+
| Supercart plc | 01732 459 898 |
+-----------------------------------------------------+--------------------+
| Mike Wolfe, Chief Executive | |
+-----------------------------------------------------+--------------------+
| Stephen Wright, Finance Director | |
+-----------------------------------------------------+--------------------+
| | |
+-----------------------------------------------------+--------------------+
| Charles Stanley Securities | 020 7149 6000 |
+-----------------------------------------------------+--------------------+
| Nominated Adviser | |
+-----------------------------------------------------+--------------------+
| Russell Cook / Ben Johnston / Carl Holmes | |
+-----------------------------------------------------+--------------------+
| | |
+-----------------------------------------------------+--------------------+
| Tavistock Communications | 020 7920 3150 |
+-----------------------------------------------------+--------------------+
| Jeremy Carey / Matt Ridsdale | |
+-----------------------------------------------------+--------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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