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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rome Resources Plc | LSE:RMR | London | Ordinary Share | GB00BYY0JQ23 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-9.19 | -96.74% | 0.31 | 0.30 | 0.32 | 0.35 | 0.31 | 0.35 | 527,288,296 | 13:00:56 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5779Z Ricmore PLC 09 March 2006 Ricmore Plc ("Ricmore" or "Company") Result of EGM 9 March 2006 The Board of Ricmore Plc is pleased to announce that at the extraordinary general meeting held at 3.00 pm today (the 'EGM'), all of the resolutions proposed for consideration were unanimously passed. The Company announced on 13 February 2006 that it had entered into an agreement to acquire the entire issued share capital of Energy Assets Limited ('EAL') and that it was raising GBP1.25 million (before expenses) through the issue of 83,333,333 new ordinary shares (the 'Placing Shares') at 1.5p per share. The net proceeds of the Placing will be applied as to working capital for the enlarged group to build its executive and management team and to implement its business plan. EAL's specific target areas of business are industrial and commercial metering, datalogging (remote meter reading) and the supply of electricity meters. The consideration for the acquisition is being satisfied by the issue of 141,500,000 new Ordinary Shares in the Company (the 'Consideration Shares'). The resolutions which have been passed today included an ordinary resolution to approve a waiver by the Panel on Takeovers and Mergers of the obligation of the Concert Party (which comprises the vendors of EAL and Chatsford Corporate Finance Limited) to make a general offer for the issued share capital of Ricmore Plc under Rule 9 of the City Code on Takeovers and Mergers that would otherwise arise as a result of the Consideration Shares being issued to the Concert Party, the issue of ordinary shares to Alan McKeating, Philip Bellamy-Lee, Robert Hatton and John Butler (members of the Concert Party) pursuant to the Placing, or on the exercise of certain unapproved options and EMI options to be granted on re-admission ("Admission") of the Company's share capital to AIM. Following Admission the Concert Party will be interested in 147,716,266 ordinary shares in the capital of the Company representing 59.9 per cent of the enlarged share capital. If all the unapproved options and EMI options were exercised by members of the Concert Party (and assuming that none of the existing warrants over Ordinary Shares (including those granted to ICON EAM LLC, Ruegg & Co Limited and Hichens, Harrison & Co. plc) or the EMI Options held by parties other than the Concert Party are exercised and that there have been no intervening issue issues of Ordinary Shares prior to exercise) then the Concert Party would hold a maximum of 176,773,766 Ordinary Shares representing a maximum of 64.1 per cent of the issued ordinary share capital of the Company. Further details of the Concert Party and the waiver are set out in the admission document dated 13 February 2006. Alan McKeating, John Butler and Philip Bellamy-Lee have been appointed to the board with effect from admission. Application has been made for the enlarged issued share capital of the Company including the Placing Shares and Consideration Shares, to be re-admitted to trading on AIM. It is expected that Admission will become effective and dealings will commence in the enlarged issued share capital on 13 March 2006. The number of ordinary shares in issue following admission will be 246,768,383. The Company's shareholders have today also approved a resolution to change the Company's name to Energy Asset Management Plc. The change of the Company's name will become effective on 10 March 2006. The Company's EPIC code will change, with effect from Admission, to EAM. Further details of the acquisition, the Placing, the Concert Party and the other matters approved at the EGM are set out in the admission document published by the Company on 13 February 2006. Information required by Schedule 2(g) of the AIM Rules. The information on the newly appointed directors required to be disclosed by the AIM Rules was set out in the Company's admission document dated 13 February 2006 and there have been no changes to this information subsequent to this date. For further information please contact: Stephen Barclay, non-executive Chairman Ricmore Plc 020 7743 6370 Alan McKeating, Managing Director Energy Assets Limited 01506 602674 Brett Miller / Gavin Burnell Ruegg & Co Limited 020 7584 3663 Ben Simons Hansard Communications 020 7245 1100 Daniel Briggs Hichens Harrison & Co plc 020 7588 5171 This information is provided by RNS The company news service from the London Stock Exchange END REGILFSEVLIAIIR
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1 Month Rome Resources Chart |
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