28 November 2008 Adili plc ("Adili" or "the Company") Result of AGM and issue of equity The Company announces that at its Annual General Meeting, held earlier today,
all resolutions were duly passed.
The resolutions sought, amongst other things, the approval of the conversion of
a secured loan facility (the "Loan") with Hawk Investment Holdings Limited and
the approval, on a poll, of a waiver of the obligations under Rule 9 of the
Takeover Code, as announced on 5 November 2008.
As a consequence of the resolutions being passed, the Loan converts into
11,798,770 new ordinary shares in the capital of Adili (the "New Ordinary
Shares"). Application has been made for the New Ordinary Shares to be admitted
to trading on AIM and dealings are expected to commence on 4 December 2008. Following admission, the Company will have 43,881,704 ordinary shares in issue.
Enquiries: Adili plc T: 01258 837 437
Adam Smith, Chief Executive Officer
Christopher Powles, Finance Director
John East & Partners Limited T: 020 7628 2200
David Worlidge
Bidhi Bhoma
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