Disposal

 

TIDMMOLE 
 
RNS Number : 9895F 
Molectra Group Ltd 
22 January 2010 
 

22 January 2010 
 
 
Molectra Group Ltd 
("Molectra" or "the Company") 
 
 
Completion of Disposal of Molectra Australia and name change 
 
 
Further to the announcements by the Company on 23 December 2009 and 13 January 
2010, Molectra is pleased to announce the completion of the disposal (the 
"Disposal") of the business and assets of its operating subsidiary, Molectra 
Australia Pty Ltd. ("Molectra Australia"). 
 
 
In consideration for the Disposal, Molectra will receive 26,924,213 Molectra 
ordinary shares of no par value, which will be cancelled. 
 
 
The corporate entity of Molectra Australia has itself been retained. The Company 
will attempt to sell Molectra Australia to a third party for the potential tax 
losses in that company. If this does not prove possible, it is intended that 
Molectra Australia will be liquidated. 
 
 
Name change to Baylon Holdings Limited 
Further to completion of the Disposal the Company will change its name to Baylon 
Holdings Limited, all other Company's details remain unchanged including its 
ISIN code (GB00B0T2CP59) and its AIM symbol (MOLE). 
 
 
Total Voting Rights 
Following cancellation of the 26,924,213 Molectra ordinary shares, the total 
number of issued ordinary shares in the Company will be 146,300,787 ordinary 
shares. The Company does not hold any ordinary shares in treasury. This figure 
may be used by shareholders in the Company 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 share capital of the Company 
under the Financial Service Authority's Disclosure and Transparency Rules. 
 
 
For further information please contact: 
 
+-------------------------------------+-------------------------------------+ 
| Molectra Group Limited              |                                     | 
| Paul Gazzard                        | 01725 510 383                       | 
| Rodger Sargent                      | 020 7355 7662                       | 
|                                     |                                     | 
+-------------------------------------+-------------------------------------+ 
| Arbuthnot Securities Limited        | 020 7012 2000                       | 
| Antonio Bossi                       |                                     | 
| Ed Groome                           |                                     | 
|                                     |                                     | 
+-------------------------------------+-------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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