We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Micap | LSE:MIC | London | Ordinary Share | GB0033274050 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1217G MICAP PLC 22 October 2007 For Release 22 October 2007 Micap plc (MIC.L) ("Micap" or "the Company") Result of AGM At the AGM of Micap plc, the AIM-quoted developer and producer of value added microencapsulated ingredients to industry, which took place this morning, all ordinary and special resolutions were passed. This allows the Company to complete the fundraising announced on 28th September 2007, which amounts to #900,000, net of expenses. The net proceeds of the Placing will be used to establish an infrastructure for direct sales, support capital investment in production plant and provide additional working capital for the Company in its intended move from its previous business model of providing technical services and support for its business partners, to a more commercial, sales driven model, which would enable Micap to capitalise on the latent opportunities within the business much more quickly. Micap plans to put in place an infrastructure which enables it to obtain maximum value from its direct sales opportunities, whilst at the same time continuing to attract blue chip clients to work with its licensing and development team, as the latter's reputation for effective solutions grows. Initially, Micap is launching its range of yeast encapsulated products into the savoury food market, with the aim ultimately of converting more of its development projects into direct sales opportunities. At the meeting, Michael Norris, Chief Executive of Micap, made the following statement: "The passing of the resolutions means that we can now focus on transforming Micap into a true direct sales business. We have put a great degree of effort and planning into our 'Micap Ingredients' range of yeast encapsulated savoury flavours, and I am looking forward to launching the range at the upcoming Food Ingredients (Europe) exhibition at Excel, London from 30th October to 1st November 2007. If any shareholders would like to visit us at the event, they can register for free at www.fi-events.com and we would be delighted to see you there". ENDS Contact: Micap plc Tel: 01942 625590 Michael Norris, CEO Mob: 07966 341802 Adventis Financial PR Tel: 020 7034 4758 / 020 7034 4759 Tarquin Edwards Mob: 07879 458 364 Chris Steele Mob: 07979 604 687 HB Corporate Tel: 020 7510 8600 Jim McGeever Rory Creedon This information is provided by RNS The company news service from the London Stock Exchange END AGMOKBKKBBDDCKB
1 Year Micap Chart |
1 Month Micap Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions