Result of General Meeting

 

TIDMCSD 
 
RNS Number : 6437S 
ClearSpeed Technology plc 
21 May 2009 
 
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR FROM THE UNITED 
STATES, CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, OR JAPAN 
 
 
ClearSpeed Technology plc ("ClearSpeed" or the "Company") 
 
 
Result of General Meeting 
 
 
Further to the Company's announcement earlier today relating to the closing of 
the Tender Offer, the Board is pleased to announce that the Resolutions proposed 
at the General Meeting of the Company held at 10.00 a.m. on Thursday 21 May 
2009 in connection with the proposed Tender Offer were duly passed. 
 
 
A summary of the resolutions is as follows: 
 
1.The reduction of the Company's issued share capital by cancelling and 
extinguishing 0.5 pence on each 
 

       Ordinary Share; the cancellation 
of the amount standing to the credit of the Company's share premium account; 
 
 

       the cancellation of the amount of the standing to the credit of the 
Company's capital redemption reserve and 
 

       the division of each 
unissued Ordinary Share of 1 penny each into 2 Ordinary Shares of 0.5 pence 
each; the 
 

       purchase of up to 45,245,901 Ordinary Shares from KBC 
Peel Hunt at a price of 15.25 pence per Ordinary 
 

       Share and the 
purchase of shares from directors of the Company pursuant to the Tender Offer; 
          2.The cancellation of the listing of the Company's shares on AIM; and 
3.The Re-registration of the Company as a private limited company, the amendment 
of the memorandum of 
 

       association and adoption of the New Articles 
to reflect the Company's status as a private limited company. 
 
 
Terms used in this announcement shall, unless the context otherwise requires, 
bear the meanings given to them in the circular to Shareholders dated 28 April 
2009. 
 
 
Enquiries 
For further information please contact: 
 
 
Richard Farleigh, Non-Executive Chairman 
ClearSpeed Technology plc 
                           01454 629 623 
 
Richard Kauffer/Joanne Breeze 
KBC Peel Hunt, Nominated Adviser and Broker020 7418 8900 
 
Adrian Duffield/Jon Davies 
College Hill, Financial PR 
          020 7457 2020 
 
 
The Tender Offer not being made, directly or indirectly, in the United States, 
Canada, Australia, New Zealand, South Africa, or Japan and none of this 
announcement, the Circular or the Tender Form may be distributed or sent in or 
into or from the United States, Canada, Australia, New Zealand, South Africa, or 
Japan and doing so may render invalid any purported tender. 
KBC Peel Hunt Ltd, which is regulated in the United Kingdom by the Financial 
Services Authority, is acting exclusively for the Company and no one else in 
connection with the Tender Offer and will not be responsible to anyone other 
than the Company for providing the protections afforded to customers of KBC Peel 
Hunt or for giving advice in relation to the Tender Offer. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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