Result of General Meeting
12 March 2010
The Board of Jelf is pleased to announce that at the Company's General Meeting held earlier today all of the resolutions were duly passed, including the approval of the placing of 27,173,939 new ordinary shares and 25,063,838 non-voting convertible shares at 36 pence per share to raise approximately £17 million after expenses (the "Placing").
Full details of the Placing were set out in a circular sent to shareholders on 24 February 2010.
Application has been made for a total of 27,713,939 new ordinary shares issued pursuant to the Placing to be admitted to trading on AIM. Admission and dealing is expected to occur at 8.00 a.m. on 15 March 2010.
Following the admission of the 27,713,939 ordinary shares on 15 March 2010 the Company's total issued share capital will be 77,529,257 ordinary shares of 1p each. This figure (77,529,257 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 Company under the Disclosure and Transparency Rules.
Jelf Group plc
Alex Alway, Chief Executive
Tel: 01454 272 713
Cenkos Securities plc
Stephen Keys
Tel: +44 (0) 20 7397 8900