As announced in company announcement CW47, at the Annual General Meeting of the company held on 17 October the shareholders of the company unanimously approved:

1.            completion by the company by not later than 1 November of the transaction described in the circular dated 18 September, in accordance with the terms of a Share Purchase Agreement for the acquisition of the remaining issued share capital in Promentum Holding B.V., a company registered in the Netherlands of which the company already holds 51% of the issued share capital; and

2.         to authorise the increase in the issued share capital of the company by the issue of 2,940,000 ordinary shares of a nominal value of €0.10 per share as part consideration for the acquisition of 49% of the issued share capital of Promentum Holding B.V., and to authorise the directors to issue and allot the new shares in the proportions specified in the circular dated 18 September without first offering same to the existing shareholders in proportion to their current holdings.

The transaction described in the circular dated 18 September was completed on 1 November, resulting in Promentum Holding B.V. becoming a fully owned subsidiary of the company and the issued share capital of the company increasing by a further €294,000, raising the total issued share capital of the company to €2,894,000 divided into 28,940,000 ordinary shares of a nominal value of €0.10 per share.

The newly issued shares were admitted to the Official List with effect from 1 November, and trading in these shares commenced on 2 November.