Result of General Meeting

 

TIDMNSV 
 
RNS Number : 1252F 
NetServices PLC 
06 January 2010 
 

6 January 2010 
 
 
NetServices PLC 
 ("NetServices" or the "Company") 
 
 
Result of General Meeting, 
Update on the Subscription 
and 
Further re. appointment of non-executive director 
 
 
Result of General Meeting 
 
 
NetServices is pleased to announce that both resolutions put to the General 
Meeting held earlier today were passed. 
 
 
Update on the Subscription 
 
 
An application has been made to the London Stock Exchange for the admission to 
trading on AIM of the Subscription Shares ("Admission"). Following the passing 
of the resolutions at the General Meeting, it is expected that Admission will 
become effective and trading in the Subscription Shares will commence at 7.00 
a.m. on 7 January 2010. 
 
 
Following Admission, the Company will have 32,907,542 ordinary shares of 0.25p 
each in issue. The above figure of 32,907,542 shares may be used by shareholders 
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 
Company under the FSA's Disclosure and Transparency Rules. 
 
 
A copy of the Company's circular to shareholders dated 17 December 2009 can be 
found on the Company's website at www.netservicesplc.com. Terms used in this 
announcement have the same meaning as in the Company's announcement dated 
17 December 2009. 
 
 
Further re. appointment of non-executive director 
 
 
Further to its announcement released on 17 December 2009, the Company provides 
the following information in respect of Andrew Ian Smith, aged 45, who will be 
appointed as a non-executive director of the Company following completion of the 
Subscription. 
 
 
Mr Smith is currently the Chief Executive of Xploite plc and various other 
private companies, as set out below. Mr Smith is currently beneficially 
interested in 725,000 ordinary shares of 0.25 pence each in the capital of 
NetServices, representing approximately 2.4 per cent. of the Company's issued 
share capital. Following completion of the Subscription, Mr Smith's aggregate 
shareholding will be 4,015,754 Ordinary Shares, representing approximately 12.2 
per cent. of the Company's enlarged issued share capital. 
 
 
In addition, Ian Smith is a director or partner of the following companies or 
partnerships or has in the preceding 5 years been a director or partner of the 
following companies or partnerships: - 
 
 
+-------------------------------------+-------------------------------------+ 
| Existing directorships              | Previous directorships              | 
+-------------------------------------+-------------------------------------+ 
| Decorum Connect Limited             | ANIX Business Systems Limited       | 
+-------------------------------------+-------------------------------------+ 
| FBHG Limited                        | ANIX Computers Limited              | 
+-------------------------------------+-------------------------------------+ 
| Fujin Nameco Limited                | ANIX Group Limited                  | 
+-------------------------------------+-------------------------------------+ 
| Intrinsic Networks Limited          | ANIX Holdings Limited               | 
+-------------------------------------+-------------------------------------+ 
| Matrix Network Solutions Limited    | Avisen PLC                          | 
+-------------------------------------+-------------------------------------+ 
| Norwood Adam Technical Services     | Blue River Systems Limited          | 
| Limited                             |                                     | 
+-------------------------------------+-------------------------------------+ 
| Storage Fusion Limited              | Calyx CS Limited                    | 
+-------------------------------------+-------------------------------------+ 
| Xploite IHC Limited                 | Calyx UK Limited                    | 
+-------------------------------------+-------------------------------------+ 
|                                     | Equip Technology Limited            | 
+-------------------------------------+-------------------------------------+ 
|                                     | Fujin Technology Trading Limited    | 
+-------------------------------------+-------------------------------------+ 
|                                     | Harrierzeuros Limited               | 
+-------------------------------------+-------------------------------------+ 
|                                     | Harrierzeuros Storage Solutions     | 
|                                     | Limited                             | 
+-------------------------------------+-------------------------------------+ 
|                                     | Ikan Limited                        | 
+-------------------------------------+-------------------------------------+ 
|                                     | Itheon Limited                      | 
+-------------------------------------+-------------------------------------+ 
|                                     | MCG Solutions Limited (dissolved)   | 
+-------------------------------------+-------------------------------------+ 
|                                     | Network Partners (Holdings) Limited | 
+-------------------------------------+-------------------------------------+ 
|                                     | Norwood Adam Systems Limited        | 
+-------------------------------------+-------------------------------------+ 
|                                     | Posetiv Limited                     | 
+-------------------------------------+-------------------------------------+ 
|                                     | Red Squared Limited                 | 
+-------------------------------------+-------------------------------------+ 
|                                     | VBHG Limited                        | 
+-------------------------------------+-------------------------------------+ 
 
 
Mr Smith was a director of Decorum Networks Limited which was dissolved on 30 
August 2007 with a deficiency to creditors of GBP619,305. Mr Smith was also a 
director of Broadblue Catamarans Limited which is in liquidation and Broadblue 
Catamarans Sales Limited which was dissolved on 5 August 
2009. The aggregate deficiency to members and unsecured creditors of both 
companies was estimated at GBP612,593. 
 
 
There is no further information required to be disclosed pursuant to Schedule 
Two paragraph (g) of the AIM Rules for Companies. 
 
 
For further information, please contact: 
 
 
+--------------------------------------------+--------------------------------------------+ 
| NetServices PLC                            | Tel No: 0870 753 0900                      | 
+--------------------------------------------+--------------------------------------------+ 
| Mark Vickers, Chief Executive              |                                            | 
+--------------------------------------------+--------------------------------------------+ 
| Ian Winn, Finance Director                 |                                            | 
+--------------------------------------------+--------------------------------------------+ 
|                                            |                                            | 
+--------------------------------------------+--------------------------------------------+ 
| MC2 (Manchester) Limited                   | Tel No: 01565 872 478                      | 
+--------------------------------------------+--------------------------------------------+ 
| Melanie Miotte                             |                                            | 
+--------------------------------------------+--------------------------------------------+ 
|                                            |                                            | 
+--------------------------------------------+--------------------------------------------+ 
| Arbuthnot Securities Limited               | Tel No: 020 7012 2000                      | 
+--------------------------------------------+--------------------------------------------+ 
| Tom Griffiths/ Alasdair Younie             |                                            | 
+--------------------------------------------+--------------------------------------------+ 
 
 
END 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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