Replacement Result of General Meeting

 

TIDMFFG 
 
RNS Number : 9503V 
Freedom4 Group PLC 
20 July 2009 
 

Amendment to the announcement Result of General Meeting, RNS Number 9404V, 
issued at 10.51am - in the fourth bullet point the wording "at 2p" has been 
changed to "of 2p". 
 
 
 
 
20 July 2009 
Freedom4 Group plc 
 
 
Result of General Meeting and Transaction Update 
 
 
On 1 July 2009, Freedom4 Group plc (the "Company") announced that it had 
conditionally agreed to acquire Daisy Communications Ltd, the SME value-added 
reseller, and the Vialtus Assets, the mid-market managed solutions provider, 
("the Acquisitions"), in conjunction with a proposed Placing to raise up to 
GBP83 million.  The Acquisitions constitute a reverse takeover of the Company 
under the AIM Rules and were therefore subject to shareholder approval at a 
General Meeting convened today. 
 
 
The Board of Freedom4 Group plc is pleased to announce that, at the General 
Meeting held earlier today, all resolutions proposed were duly passed. 
 
 
Shareholders have approved, inter alia: 
 
 
  *  A share consolidation on the basis of 1 Consolidated Ordinary Share of 2.0p each 
  for every 20 Unconsolidated Ordinary Shares of 0.1p 
 
 
 
  *  Acquisition of the entire issued capital of Daisy for GBP30 million in cash, 
  with the issue to Daisy Vendor and Daisy Optionholders of 63,750,000 
  Consolidated Ordinary Shares, valued at GBP51.0 million 
 
 
 
  *  Acquisition of the Vialtus Assets for GBP13 million in cash and the issue of 
  36,250,000 Consolidated Ordinary Shares, valued at GBP29 million 
 
 
 
  *  The allotment of 103,750,000 shares of 2p each in relation to the proposed 
  placing of GBP83m, conditional upon admission 
 
 
 
  *  A change of the Company's name to Daisy Group plc.  Freedom4 Group plc will be 
  renamed Daisy Group plc, with AIM symbol DAY.L, and the ISIN number will be 
  GB00B61G9L20 
 
 
 
The authorised share capital will be increased by 300,000,000 Consolidated 
Ordinary Shares in order to accommodate the share allotments for the 
Acquisitions, the Placing and any future allotments.Application has been made to 
the London Stock Exchange for admission of the Enlarged Share Capital of 
255,493,395 Consolidated Ordinary Shares of 2p to trading on AIM.  The Admission 
will become effective and trading will commence at 8.00am on 21 July 2009.   The 
total number of shares in issue, and total voting rights, immediately following 
Admission will be 255,493,395. 
 
 
For further information including defined terms included in this announcement, 
the Company's admission document can be found at www.daisyplc.com 
 
 
-ends- 
 
 
For further details, contact: 
 
 
+--------------------------------------------------+---------------------+ 
| Freedom4 Group plc                               | Tel: [phone]  | 
| Peter Dubens, Non-Executive Chairman             |                     | 
| Stewart Porter, Chief Financial Officer          |                     | 
|                                                  |                     | 
+--------------------------------------------------+---------------------+ 
| Daisy Communications Limited                     | Tel: [phone]   | 
| Matthew Riley, Chief Executive Officer           |                     | 
| Katharine Butler, PR Executive                   |                     | 
|                                                  |                     | 
+--------------------------------------------------+---------------------+ 
| Liberum Capital Limited                          | Tel: [phone]  | 
| Steve Pearce                                     |                     | 
| Tom Fyson                                        |                     | 
|                                                  |                     | 
+--------------------------------------------------+---------------------+ 
| Financial Dynamics                               | Tel: [phone]  | 
| Juliet Clarke / Ed Bridges / Erwan Gouraud       |                     | 
+--------------------------------------------------+---------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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