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The Board of Inditherm plc has announced that
at its Extraordinary General Meeting held on the 12 January 2007, the resolutions
proposed to shareholders in the circular dated13 December 2006 were duly
passed.
On 13 December 2006
the Company had announced that it was to raise £2.8 million, net of expenses, by
way of a Placing of 30,000,000 new Ordinary Shares at a price of 10 pence per
Placing Share. These shares were placed by Collins Stewart Europe with
institutional investors. The Placing was conditional upon Shareholder approval at the Extraordinary
General Meeting.
Following completion of the Placing, the
issued share capital of the Company has increased to 51,112,581 fully paid Ordinary
Shares and the Placing Shares represents approximately 58.7 per cent. of the
Enlarged Share Capital.
The 30,000,000 new
Ordinary Shares were admitted to AIM on 15 January
2007.
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