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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Drury Lane | LSE:DRUR | London | Ordinary Share | GB00B1G58016 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 0037C Drury Lane Capital PLC 26 August 2008 Drury Lane Capital Plc ("Drury Lane" or the "Company") Result of General Meeting and Change of Name The Company is pleased to announce that all the resolutions set out in the notice of general meeting included in the re-admission document dated 23 July 2008 relating to the reverse takeover of Adastra Software Limited and resolutions necessary for the Placing of 86,088,235 new ordinary shares at a price of 17 pence each were duly passed at the Company's General Meeting held today at 10.00 am. Following the passing of these resolutions, Drury Lane Capital Plc also announces that it has changed its name to Advanced Computer Software plc and will shortly alter its EPIC/TIDM to "ASW", which is expected to become effective on 27 August 2008 subject to the change of name being processed by Companies House. The ISIN and SEDOL for the Ordinary Shares will remain unchanged and are GB00B1G58016 and B1G5801. Appointment of the Proposed Directors is expected to take place upon First Admission on 27 August 2008. The Board currently comprises David Williams, James Corsellis, Mark Watts and Benjamin Shaw. Upon First Admission, David Williams, James Corsellis and Benjamin Shaw will step down from the Board, and Mark Watts will become a Non-Executive Director. Michael Jackson and Vinodka Murria will join the Board as Chairman and Chief Executive Officer respectively. All conditions for the completion of the reverse takeover and £14.6 million Placing have now been satisfied save for Admission. It is intended that proceeds from the Placing will be utilised by the Company to part-fund the cash consideration payable under the Acquisition Agreement, to meet the costs and the expenses relating to the Proposals and to meet the working capital requirements of the Enlarged Group. Application has been made for admission and dealings in the Ordinary Shares are expected to commence on AIM on 27 August 2008 in respect of 69,117,648 Ordinary Shares comprising of 45,000,000 Existing Shares and 24,117,648 New EIS/VCT Placing Shares, on 28 August 2008 in respect of 32,705,882 Ordinary Shares comprising of 32,705,882 Old VCT Placing Shares and on 29 August 2008 in respect of 89,096,640 Ordinary Shares comprising of 29,264,705 General Placing Shares, 40,294,119 Consideration Shares and 19,537,816 EBT Shares. The total number of Ordinary Shares in issue following Admission will be 190,920,170. Mark Watts, Director of Drury Lane said: "The acquisition of Adastra Software Limited provides an excellent platform for the Company to execute its strategy to become a leading provider of software and services to the UK primary care market. We are acquiring a well run business with a strong track record, stable customer base and robust market position. The business has a management team which is able to grow the business organically and develop a platform for the integration of further acquired businesses." Definitions used in this announcement shall have the same meaning as in the Admission Document dated 23 July 2008 unless the context requires otherwise. Enquiries: Drury Lane Capital Plc Mark Watts Tel: +44 (0) 20 7004 2703 Collins Stewart Seema Paterson/Stewart Wallace/Lorraine Delannoy Tel: +44 (0) 20 7523 8350 This information is provided by RNS The company news service from the London Stock Exchange END MSCEAEPKAFPPEFE
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