Result of GM

 

TIDMNAQ 
 
RNS Number : 9693S 
NBA Quantum PLC 
28 May 2009 
 

 
 
NBA QUANTUM PLC (the "Company") 
 
 
Result of General Meeting 
 
 
The Company announces that at the general meeting held earlier today all of the 
resolutions, including the proposed cancellation of the Company's ordinary 
shares to trading on AIM and the share capital reorganisation, were duly passed. 
 
 
Accordingly, as detailed in the circular posted to shareholders on 6 May 2009, 
the Directors have today allotted a total of 628 new ordinary shares of 10p each 
at a price of 10p per share in cash to the individuals set out below in order 
to facilitate the share consolidation. 
 
+--------------------------------------------------------+---------------+ 
| Name                                                   | Shares        | 
|                                                        | allotted      | 
+--------------------------------------------------------+---------------+ 
| Peter Elliott-Hughes (Chief Executive Officer)         |           297 | 
+--------------------------------------------------------+---------------+ 
| Robert Jervis (Chairman)                               |           275 | 
+--------------------------------------------------------+---------------+ 
| Alan Rumford                                           |            56 | 
+--------------------------------------------------------+---------------+ 
 
 
 
As a result of this allotment the Company's issued ordinary share capital now 
comprises 7,330,000 ordinary shares of 10p each. 
 
 
Following the approval of shareholders at today's general meeting the Company's 
share capital will now be reorganised through a share consolidation by 
issuing one new ordinary share of GBP100 each in nominal value for every 1,000 
existing ordinary shares of 10p each in nominal value currently in issue. The 
reorganisation will take effect from 7am on 29 May 2009. 
 
 
Application has been made to AIM for admission of the 628 new ordinary shares of 
10p each to trading on AIM to be superseded by the application made for 
admission of the 7,330 new ordinary shares of GBP100 each. It is anticipated 
that the new ordinary shares of GBP100 each will commence trading on AIM on 29 
May 2009 under ISIN code GB00B4MTQK45.  Cheques in respect of fractional 
entitlements as a result of the share reorganisation are expected to be 
despatched to shareholders on 5 June 2009. 
 
 
Cancellation of the Company's new ordinary shares to trading on AIM will occur 
from 5 June 2009 and will be effected by a dealing notice being issued at 7am on 
that day.  Shareholders are reminded that they have until the close of business 
on 4 June 2009 to trade in the Company's shares on AIM. 
 
 
For further information please contact: 
 
 
NBA Quantum PLC 
Bob Jervis, Chairman                                             Tel: 01483 
243531 
 
 
Brewin Dolphin (NOMAD) 
Mark Brady                                                               Tel: 
0845 213 4730 
Alison Barrow 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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