Impact Holdings (UK) plc Result of Annual General Meeting Capital Reorganisation Total Voting Rights Impact Holdings (UK) plc, (AIM: IHUK), the specialist lending business, is
pleased to announce that all of the resolutions proposed at the Company's
Annual General Meeting ("AGM") held today were duly passed.
The Company therefore confirms that, pursuant to the announcement released on
30 September 2008 and the passing of the relevant resolution at the AGM today,
the proposed Capital Reorganisation has been approved by shareholders.
Following the Capital Reorganisation the Company's authorised share capital
will comprise 5,000,000 ordinary shares of 50p each and 45,000,000 B ordinary
shares of 50p each. The issued share capital will comprise 1,133,334 ordinary
shares of 50p each and 10,200,006 B ordinary shares of 50p each. Therefore, the
figure of 1,133,334 ordinary shares may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the Disclosure and Transparency Rules.
The Company's ordinary shares of 50p each will commence trading at 8:00 am on
Thursday 6 November 2008 under ISIN GB00B3DFYL18.
Further information: Impact Holdings (UK) plc Paul Davies, Chief Executive Officer Tel: 0161 437 9499 Daniel Stewart & Company plc Simon Leathers/Tessa Smith Tel: 020 7776 6550 Notes to Editor: Impact Holdings (UK) plc through its individual subsidiaries provides short term funding solutions, loans administration and IT support services in two specific sectors: 1. The legal disbursements market; 2. Property based bridging and development market.
In addition Impact will fund other opportunities where debt instruments or debentures provide the primary security and there are opportunities for short term bespoke funding where serviceability precludes larger lenders from entering this area.
Impact is regulated by The Office of Fair Trading through which it is licensed to lend under the Consumer Credit Act 1974 and the Financial Services Authority for regulated lending.
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