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Ganapati plc - Results of GM and update on existing placing £250,000

Ganapati plc - Results of GM and update on existing placing £250,000

Ganapati plc - Results of GM and update on existing placing £250,000

PR Newswire

 27 April 2015 Ganapati Plc ("GPP") or "the Company") Results of General Meeting, increased par value to 8 pence and update to existing placing of £250,000 Ganapati Plc announces that at the Company's General Meeting ("GM") held on 24 April 2015, all of the resolutions proposed, as set out in the Notice of GM, were duly passed. Following the announcement of 7 January 2015, as per the requirement set out in GXG Main Quote Rules for issuing Companies Rule 4.2, the Company wishes to announce the following: i. Increased par value 8 pence per share To comply with the ongoing requirement for Designated Global Issuer ("DGI"), as set out in GXG Main Quote Rules for issuing Companies Rule 4.2, the Company has increased its par value to GB£0.08, and as of effect today, the Existing Ordinary Shares of GB£0.01 are now trading at the New Ordinary Share price of GB£0.08. Following the Company's share consolidation, the issued share capital is 3,191,464 New Ordinary Shares. ii. Placing of £250,000 The existing placing raised in December 2014, for £250,000 (before expense) is effective today by way of a placing of 625,000 New Ordinary Shares of 8 pence each, with its shareholder HLMS, at a placing price of 40 pence ("Placing Price") per New Ordinary Shares ("the Placing"). The placing price is the same as the closing price of 40 pence on the 27 April 2015, adjusted for the consolidation. The 625,000 New Ordinary Shares will be admitted to trading on GXG Main Quote today, 27 April 2015. Following the share consolidation and the allotment, the issued share capital of the Company will increase to 3,816,464 ordinary shares of 8 pence each. This figure 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 following parties have an interest of more than 3% in the shares of the Company: Name Number of shares Percentage holdings Equity Midas Inc. 614,144 16.09% HLMS Inc. 3,125,000 81.88% The directors of Ganapati Plc accept responsibility for this announcement. CORPORATE ADVISER AND CONTACT DETAILS: Alexander David Securities Limited David Scott - Chief Executive Officer Telephone: +44 (0) 20 7448 9820 49 Queen Victoria Street, London, EC4N 4SA

Quick facts: Greenpower Energy Ltd

Price: 0.001

Market: ASX
Market Cap: $2.3 m
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