Released: 22/05/2008
com:20080522:RnsV0863V
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RNS Number : 0863V
Spiritel PLC
22 May 2008
For immediate release 22 May 2008
Spiritel plc
("Spiritel" or "the Company")
RESULT OF EXTRAORDINARY GENERAL MEETING
HOLDING(S) IN COMPANY
The Board of Spiritel plc (AIM: STP.L), the business communications services
provider, is pleased to announce that following the Extraordinary General
Meeting held today all of the resolutions presented to Shareholders in its
Circular dated 28 April 2008 were duly passed.
Accordingly 237,406,046 ordinary shares of 1p ("Ordinary Shares") have been
issued and allotted to Penta Fund 1 Limited Partnership and Penta Fund 1 SP
Limited Partnership. Following this issue together the Penta Funds' total
holding is 276,819,845 Ordinary Shares and represents approximately 49.99 per
cent. of the enlarged issued ordinary share capital of the Company.
The total number of Ordinary Shares in issue has increased to 553,639,692 and it
is expected that these shares will be admitted to trading on 28 May 2008.
Commenting on the result of the EGM, Alastair Mills, Chief Executive said: "We
are delighted that Penta have completed this conversion demonstrating their
ongoing confidence in the Company. It is a testament to their faith in
Spiritel's business model and the immense progress the Company has made in
recent months. Not only this but it also saves the Company a substantial amount
in interest payments for the coming year."
For further information please contact:
Spiritel plc Tel: 020 7160 0100
Alastair Mills, Chief Executive
Daniel Stewart & Company plc Tel: 020 7776 6550
Simon Leathers
Tavistock Communications Tel: 020 7920 3150
Simon Hudson / Clemmie Carr
This information is provided by RNS
The company news service from the London Stock Exchange
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