Result of EGM

 

TIDMMOLE 
 
RNS Number : 0858I 
Baylon Holdings Limited 
04 March 2010 
 

 
 
4 March 2010 
 
 
                            Baylon Holdings Limited 
 
                          ("Baylon" or "the Company") 
 
                                  Result of EGM 
 
 
Baylon (AIM: MOLE) is pleased to announce that at the Extraordinary General 
Meeting held earlier today all resolutions proposed to shareholders were duly 
passed, including the approval of (i) the waiver under Rule 9 of the City Code 
on Takeovers and Mergers; (ii) the proposed acquisition of Ila Security Limited 
(the "Proposed Acquisition"); (iii) the grant to Directors of authority to issue 
shares in connection with the Proposed Acquisition and in the future; (iv) the 
authorisation of the Directors to disapply pre-emption rights on the issue of 
shares; and (v) the change of the Company's name to Ila Group Limited. 
 
Application has been made for admission to trading on AIM of 394,282,040 new 
ordinary shares of no par value in connection with the Proposed Acquisition (the 
"New Ordinary Shares"). The admission to AIM of the New Ordinary Shares is 
expected to become effective at 8 a.m. on Friday 5 March 2010. The Proposed 
Acquisition is expected to complete at the same time and dealings in the 
enlarged share capital of the Company will commence immediately thereafter. 
 
 
Total Voting Rights 
 
Following completion of the Proposed Acquisition and admission of the New 
Ordinary Shares to AIM, the Company's total issued share capital and total 
voting rights will consist of 540,582,827 ordinary shares of no par value. The 
Company will not hold any ordinary shares in treasury. This figure may be used 
by shareholders in the Company as the denominator for the calculations by which 
they will determine if they are required to notify their interest in, or a 
change to their interest in, the share capital of the Company under the 
Company's articles of association, which incorporate the relevant provisions of 
the Financial Service Authority's Disclosure and Transparency Rules. 
 
 
Change of Name 
 
It is anticipated that the change of name of the enlarged group to Ila Group 
Limited will become effective shortly and as soon as recorded by the Registrar 
of Companies in Jersey. Shortly thereafter, it is expected that the ticker will 
change to "ILA" in order to reflect the change of name. A further announcement 
will be made in due course. 
 
 
 
For further information please contact: 
 
+-------------------------------+-------------------------------+ 
| Baylon Holdings Limited       |                               | 
| Paul Gazzard                  | 01725 510 383                 | 
| Rodger Sargent                | 020 7355 7662                 | 
|                               |                               | 
+-------------------------------+-------------------------------+ 
| Arbuthnot Securities Limited  | 020 7012 2000                 | 
| Antonio Bossi                 |                               | 
| Ed Groome                     |                               | 
|                               |                               | 
+-------------------------------+-------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 REGKKQDNDBKDPNK