Result of Extraordinary General Meeting

 

TIDMPANC 
 
RNS Number : 0817V 
Panceltica Holdings Limited 
03 July 2009 
 

For immediate release 
                                            03 July 2009 
 
 
Panceltica Holdings Limited (the "Company") 
Result of Extraordinary General Meeting 
The Company announces that at the Extraordinary General Meeting held yesterday 
Ordinary Resolutions 1 and 2 to remove the independent non-executive directors, 
Mr Andrew Huntley and Mr Anthony Wilson from the board of the Company were both 
passed by 128,058,400 votes in favour to 68,701,932 votes against. 
 
 
Ordinary Resolution 3 to remove Mr Hameed Mustafawi from the board of the 
Company was not passed with 2,400 votes in favour and 196,757,932 votes against. 
 
 
Ordinary Resolution 4 to appoint Mr Faisal Bin Juma Belhoul and Mr Ranjit 
Suryaji Bhonsle to the Board of the Company was passed with 128,058,400 votes in 
favour of both appointments and 68,452,382 votes against both appointments. Both 
Mr Faisal Bin Juma Belhoul and Mr Ranjit Suryaji Bhonsle are partners in Ithmar 
Capital which owns the general partner of Ithmar Fund II LP which is an owner of 
Strategic Partner Limited which holds a 26.46% interest in the Company and which 
requisitioned the Extraordinary General Meeting. Faisal Bin Juma Belhoul was 
previously a director of the Company prior to his resignation on 30 April 2009. 
A Separate announcement pursuant to schedule 2 (g) of the AIM rules for 
Companies will be made regarding the appointments. 
 
 
Special Resolution 5 to cancel the Company's admission to AIM was not passed by 
shareholders with 1,000 votes in favour and 196,509,782 votes against 
 
 
David Ball, CEO                                             Tel: [phone] 
Patrick Mitchell, Company Secretary 
 
Blomfield Corporate Finance Limited, Nominated Adviser     Tel: [phone] 
4500 
Toby Howell / Peter Trevelyan-Clark 
 
Religare Hichens, Harrison & Co. plc, Broker                        Tel: +44 
(0)20 7382 4450 
Daniel Briggs / Nicholas Malins-Smith 
 
Buchanan Communications                                                   Tel: 
[phone] 
Mark Edwards / Jeremy Garcia 
 
 
Computershare, Registrars                                   Tel: [phone] 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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