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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Plantic Tech. | LSE:PLNT | London | Ordinary Share | AU0000XINEG8 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPLNT RNS Number : 4022W Plantic Technologies Limited 18 November 2010 18 November 2010 PLANTIC TECHNOLOGIES LIMITED ("Plantic" or "the Company") PLANTIC SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED SHARE SCHEME AND PLANTIC OPTION HOLDERS VOTE IN FAVOUR OF PROPOSED OPTION SCHEME Plantic (AIM:PLNT) announces that at the share scheme meeting held in Melbourne (and London via phone link) yesterday Melbourne time, Plantic's shareholders voted in favour of the previously announced share scheme of arrangement under which Gordon Merchant No. 2 Pty Ltd will acquire all of the ordinary shares in Plantic not already owned by it (Share Scheme). Plantic also announces that at the option scheme meeting held in Melbourne (and London via phone link) yesterday Melbourne time, Plantic option holders voted in favour of the previously announced option scheme of arrangement under which all of the Plantic options will be cancelled (Option Scheme). Share Scheme voting results Plantic advises that the resolution to approve the Share Scheme (Resolution 1) and the resolution to cancel admission of Plantic securities on AIM (Resolution 2), as set out in the Share Scheme Notice of Meeting despatched to security holders on 14 October 2010, were passed by the requisite majorities of Plantic shareholders, with: · 91.55% of Plantic shareholders by number present and voting (either in person or by proxy) in favour of Resolution 1; · 93.10% of votes cast in favour of Resolution 1; · 91.55% of Plantic shareholders by number present and voting (either in person or by proxy) in favour of Resolution 2; and · 93.10% of votes cast in favour of Resolution 2. Option Scheme voting results Plantic also advises that the resolution to approve the Option Scheme, as set out in the Option Scheme Notice of Meeting despatched to Plantic option holders on 14 October 2010, was passed by the requisite majorities of Plantic option holders, with: · 93.33% of Plantic option holders by number present and voting (either in person or by proxy) in favour of the resolution; and · 99.64% of votes cast in favour of the resolution by value. Court approval Plantic has applied to the Supreme Court of Victoria (Court) for approval of the Share Scheme and the Option Scheme at a hearing scheduled for Friday, 26 November 2010. Scheme consideration If the Share Scheme is approved by the Court, Plantic shareholders who hold Plantic shares on the record date for determining entitlements to receive the Share Scheme consideration (being 7.00 pm Melbourne time on 2 December 2010) will be paid GBP0.08 in cash per Plantic share from Gordon Merchant No. 2 Pty Ltd. If the Option Scheme is approved by the Court, Plantic option holders who hold Plantic options on the record date for determining entitlements to receive the Option Scheme consideration (being 7.00 pm Melbourne time on 2 December 2010) will be paid an amount in cash per Plantic option that has been calculated using the Black Scholes Model Valuation from Gordon Merchant No. 2 Pty Ltd. Subject to the Court's approval, both the Share Scheme and the Option Scheme consideration is expected to be paid to Plantic shareholders and Plantic option holders (as the case may be) on 10 December 2010. FURTHER INFORMATION: Plantic Technologies Limited Brendan Morris, Chief Executive Officer +61 (0) 3 9353 7983 Matrix Corporate Capital LLP Stephen Mischler +44 (0) 20 3206 7203 Tim Graham +44 (0) 20 3206 7206 For more information on Plantic visit the company's website www.plantic.com.au. This information is provided by RNS The company news service from the London Stock Exchange END MSCBPBFTMBTBMPM
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