Notice of EGM

RNS Number:6295L
Verdant Holdings PLC
11 January 2008

Verdant Holdings plc

11 January 2008

                                 Notice of EGM
                         Cancellation of Trading on AIM


Verdant Holdings plc ("the Company") announces that it has today published a
circular to shareholders calling an extraordinary general meeting ("EGM") of the
Company in relation to the cancellation of its ordinary shares from trading on
AIM and proposed winding up of the Company via a members voluntary liquidation.

Since admission of the Company to AIM on 22 December 2006 and following an
extensive analysis of the environmental sector and consideration of a number of
different green technologies, the directors have failed to identify and raise
sufficient finance for an investment that met the strict investment criteria
they had set out. Having considered this situation and the prevailing market
conditions, the directors have concluded that it will benefit the members as a
whole to put the Company into members' voluntary liquidation, for the net
surplus cash of the Company to be distributed by the proposed liquidators to
Shareholders and for the admission of the Company to AIM to be cancelled as soon
as possible.

The Directors expect that a total amount of approximately £3.03 million will be
available for distribution to Shareholders in due course. As a result,
approximately 9.3 pence per Ordinary Share is estimated to be payable in total
in the Liquidation to Shareholders other than "Founders" who will receive
approximately 1.8 pence per Founder Share as a result of their waivers of
certain entitlements as set out in the circular to shareholders. There will be
at least two distributions of cash to the Shareholders. Whilst the amount and
timing of any distribution is uncertain, on the basis of the financial
information currently available, the proposed liquidators have indicated that a
First Distribution of approximately 90 per cent. of the Company's estimated
available assets should be paid to the Shareholders by 29 February 2008.

Cancellation of the admission of the Company's Ordinary Shares to trading on AIM
is conditional on the passing by the requisite majority of the resolution
numbered 1(e) set out in the Notice and will be effected by a dealing notice
being issued at 8.00am on 12 February 2008.

A copy of the circular to shareholders and the full notice of EGM is available
at the Company's website www.verdantplc.co.uk.

For further information, please contact:

Guy Pettigrew
Verdant Holdings plc
Tel: [phone]

Gerry Beaney
Nominated Adviser
Grant Thornton Corporate Finance
Tel: [phone]


                    NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Verdant Holdings
plc (the ''Company'') will be held at 3 More London Riverside, London, SE1 2AQ
on 4 February 2008 at 10 a.m. for the purpose of considering and, if thought
fit, passing the following Resolutions, both of which will be proposed as a
Special Resolutions:

Special Resolutions

1 THAT:

(a) the Company be wound up voluntarily pursuant to Section 84(1)(b) of the
Insolvency Act 1986 and that Richard White and Samantha Keen of Grant Thornton
UK LLP, Grant Thornton House, Melton Street, Euston Square, London, NW1 2EP, be
and they are hereby appointed as joint liquidators of the Company (''Joint
Liquidators'') for the purpose of such liquidation and any act required or
authorised under any enactment to be done by the Joint Liquidators is to be done
by all or any one or more of the persons for the time being holding office; and

(b) the remuneration of the Joint Liquidators be payable on the basis of time
spent by them and members of their staff in attending to matters arising prior
to and during the winding-up of the Company and they are authorised to draw such
remuneration monthly or at such longer intervals as they may determine and to
pay any expenses properly incurred by them;

(c) the Joint Liquidators be and they are hereby authorised, in accordance with
the provisions of the Company's Articles of Association, to distribute all or
part of the assets of the Company in specie to the shareholders of the Company
in such proportion as they mutually agree;

(d) the books and records of the Company be held by the Joint Liquidators until
the expiry of twelve months after the date of dissolution of the Company when
they may be disposed of; and

(e) the admission of the ordinary shares of 0.5p each in the share capital of
the Company to trading on the AIM market of the London Stock Exchange plc, be
cancelled.

2 THAT, conditional on the passing of Resolution 1 above, the Joint Liquidators
of the Company be and they are hereby authorised under the provisions of Section
165 of the Insolvency Act 1986 to exercise the powers set out in Part I of
Schedule 4 of the Insolvency Act 1986, namely to pay creditors in full and to
make compromises with creditors and debtors of the Company.


By Order of the Board                                         Registered Office:
11 January 2008                                                        3rd Floor
                                                             84 Grosvenor Street
                                                                          London
                                                                         W1K 3JZ



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