LONDON (Thomson Financial) - 3DM Worldwide PLC said shareholders at its
extraordinary general meeting approved the name change to Environmental
Recycling Technologies PLC, as was proposed on July 30, 2007.
It said one of the reasons for changing its name was to emphasise its focus
on its core activities of European and African based recycling.
The EGM also approved the planned placing of 57,377,049 new ordinary shares
at 4.88 pence each. It is expected to be completed on Aug 30.
Having completed the placing and name change, the board intends to review
the company's operations to focus on its core activity of commercialising its
proprietary Powder Impression Moulding process. It is anticipated that non-core
assets will be disposed, it added.
TFN.newsdesk@thomson.com
rsh/lam
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