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• News Release •
Helphire Group plc
("Helphire" or the "Company")
Issue Date: 8 September 2008
Result of General Meeting
The Board of Helphire announces that, at the General Meeting held today, the Resolution set out in the notice of General Meeting included in the prospectus and circular which was sent to Shareholders on 21 August 2008 (the "Prospectus") was duly passed. Details of the numbers of votes for and against the Resolution and the number of abstentions will be made available on the Helphire website shortly.
The Board of Helphire also announces that it has received valid acceptances from Qualifying Shareholders in respect of 24,250,966 New Ordinary Shares, representing approximately 59.3 per cent. of the New Ordinary Shares available under the Open Offer.
16,620,061 new Ordinary Shares not applied for by Qualifying Shareholders under the Open Offer will be taken up by Placees under the terms of the Placing Agreement.
The New Ordinary Shares will, on Admission, rank in full for all dividends and other distributions declared, made or paid on the Ordinary Shares after Admission (save that they will not rank for any final dividend declared by the Company for the year ended 30 June 2008) and will otherwise rank pari passu in all respects with the Ordinary Shares in issue at the date of the Prospectus.
The Placing and Open Offer remain conditional, inter alia, upon admission of the New Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities. It is expected that Admission will occur, and that dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 9 September 2008.
Except for words and phrases specifically defined in this announcement, capitalised words and phrases shall bear the same meaning given to them in the Prospectus.
For further information, contact:
Cenkos Securities 020 7397 8900
College Hill 020 7457 2020