3 December 2009
Sarantel Group PLC
("Sarantel" or the "Company")
Result of general meeting
Sarantel announces that at the general meeting of the Company held earlier today, both resolutions were duly passed, being the necessary resolutions granting authorities to the Company to allot and disapply pre-emption rights to allot 100,000,000 A Ordinary Shares, in accordance with the placing announced on 10 November 2009 to raise £2.25 million.
The 100,000,000 A Ordinary Shares are expected to be admitted to trading on 4 December 2009. Following admission of the new A Ordinary Shares, Sarantel will have 290,936,331 ordinary voting shares in issue.
Enquiries:
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Sarantel Group PLC |
01933 670 560 |
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David Wither, Chief Executive Officer |
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Sitkow Yeung, Finance Director |
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Merchant John East Securities Limited (Nominated Adviser and Broker) |
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John East/Simon Clements |
020 7628 2200 |
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Seymour Pierce Limited (Broker to the Placing) |
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David Banks/Nicola Marrin |
020 7107 8000 |
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College Hill |
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Carl Franklin/Adrian Duffield |
020 7457 2020 |
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About Sarantel
Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, WiMax, Satellite Radio and Satellite phone markets.