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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
India Out. | LSE:IOS | London | Ordinary Share | GB00B0YTNL47 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6926O India Outsourcing Services PLC 25 February 2008 For immediate release 25 February 2008 INDIA OUTSOURCING SERVICES PLC (to be renamed INDIAN RESTAURANTS GROUP plc) Result of General Meeting India Outsourcing Services plc (AIM: IOS) is pleased to announce that, at the General Meeting held earlier today, all of the resolutions contained in the circular dated 28 January were passed including resolutions approving the acquisition of the Mela Group and changing the name of the Company to Indian Restaurants Group plc. Admission to trading on AIM of the Initial Consideration Shares is expected to occur tomorrow, 26 February 2008. Haresh Kanabar, Non-Executive Chairman and Finance Director of the Enlarged Group, made the following comments: "We are delighted by the support of shareholders for our strategy of rolling out a nationwide chain of Indian restaurants based on the acquisition of the Mela Group. It is our intention to use the Mela Group's complementary Mela and Chowki brands to open new outlets and to acquire and rebrand existing sites. "The UK Indian restaurant sector has a market size of £3 billion but to date there has been no national, branded operator. We see a clear opportunity over the medium term to replicate, with high quality but affordably priced Indian cuisine, the successes seen among pizza, pasta and tapas chains. "Following today's General Meeting, I would like to take the opportunity to welcome the award-winning chef Kuldeep Singh to the Company's Board as Executive Chef Director and the restaurant entrepreneur Ashraf Rahman to the Company's Board as Business Development Director." For further information please contact: India Outsourcing Services Plc 020 7297 0012 Amit Pau, Chief Executive www.indiaoutsourcingservices.com W. H. Ireland Limited 0121 265 6330 Tim Cofman-Nicoresti / Katy Birkin Buchanan Communications 020 7466 5000 Mark Court This information is provided by RNS The company news service from the London Stock Exchange END ROMFKPKNPBKDDBB
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