Extraordinary General Meeting Requisition

 

TIDMPANC 
 
RNS Number : 6080T 
Panceltica Holdings Limited 
09 June 2009 
 

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| For immediate release                |                         09 June 2009 | 
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Panceltica Holdings Limited (the "Company") 
Extraordinary General Meeting Requisition 
The Company has received a requisition notice from Strategic Partner Limited, 
which is a 26.46% shareholder in the Company, for an extraordinary general 
meeting to be convened under which ordinary resolutions will be proposed to 
remove all of the non-executive directors of the Company, including the two 
independent non-executive directors  and to appoint such new persons as are 
proposed under article 31.1(b) of the Company's articles of association by a 
member of the Company not less than 7 days prior to the date of  the 
extraordinary general meeting. Additionally a special resolution has been 
proposed to cancel the admission of its ordinary shares from trading on AIM. 
Notices of the meeting in the form requisitioned as well as the relevant proxy 
forms have been posted to shareholders and additionally are available on the 
Company's website (www.panceltica.com) as well as from the Company's registrars. 
In view of the existing directors' obligations to all shareholders, the 
uncertainty over the identity of any proposed new directors and the absence of 
any substantive details relating to the AIM cancellation, the existing directors 
are recommending shareholders to vote against all the proposed resolutions. 
 
 
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| David Ball, CEO                                      | Tel: [phone]    | 
| Patrick Mitchell, Company Secretary                  |                       | 
|                                                      |                       | 
+------------------------------------------------------+-----------------------+ 
| Blomfield Corporate Finance Limited, Nominated       | Tel: [phone]   | 
| Adviser                                              | 4500                  | 
| Toby Howell / Peter Trevelyan-Clark                  |                       | 
|                                                      |                       | 
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| Religare Hichens, Harrison & Co. plc, Broker         | Tel:[phone]    | 
| Daniel Briggs / Nicholas Malins-Smith                | 4450                  | 
|                                                      |                       | 
+------------------------------------------------------+-----------------------+ 
| Buchanan Communications                              | Tel: [phone]  | 
| Mark Edwards / Jeremy Garcia                         | 5000                  | 
|                                                      |                       | 
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| Computershare, Registrars                            | Tel: [phone]  | 
|                                                      |                       | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
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