Business
Notice of General Meeting
Notice of General Meeting.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 4548E Viridas PLC 07 April 2011 \n \n\nViridas Plc \n(\"Viridas\" or \"the Company\")\n \nNotice of General Meeting\n \nFurther to the announcements made on 31st March 2011 and 5th April 2011, a circular (the \"Circular\") relating to the proposed new strategic direction of the Company and associated capital reorganisation, and £1,050,000 fundraise, is being posted to Viridas shareholders today.\n \nThe Circular includes a notice convening a General Meeting of shareholders to be held at the offices of Rivington Street Corporate Finance, 3rd Floor, 3 London Wall Buildings, London, EC2M 5SY, on 10 May 2011 at 11.00 a.m.\n \nA copy of the Circular and form of Proxy is available at http://www.viridasplc.com/investors/. Further selected information extracted from the Circular is set out below.\n \nSave where capitalised terms are expressly defined in this announcement, all words and phrases defined in the Circular shall have the same meaning when used in this announcement, except where the context otherwise requires. \n \n-END-\n \nFor further information, please contact:\n\n\n\n\nViridas plc:\nStanley Wootliff, Executive Chairman\n\n\n+44 (0) 113 235 0632\n\n\n\n\nNominated Adviser:\nArbuthnot Securities\nAntonio Bossi/Paul Gillam\n\n\n+44 (0) 20 7012 2000\n\n\n\n\nBroker to the Placing:\nRivington Street Corporate Finance\nDru Edmonstone \n\n\n+44 (0) 20 7562 3384\n\n\n\n\n \n \nThe following information has been extracted without material adjustment from the Circular\n \nViridas Plc - General Meeting\n \nIn the Chairman's statement of June 2010, which accompanied the financial statements for the year ended 31 December 2009, I reported that the Board was in discussions with potential investors with a view to securing an additional £1.4 million as the next stage of the financing programme initiated in November 2009. These additional funds were needed for the next stage of the Company's ongoing development plan, the establishment and planting out of a base farm in Brazil. \n \nHowever, lack of clarity from the Government regarding future support for biomass in the renewable energy industry and the reduction of greenhouse gas emissions in the UK created a high degree of uncertainty...