6 August 2010
Corero PLC
("Corero" or "the Company")
Results of General Meeting and CULS Meeting
Further to the announcement on 14 July 2010 in relation to the £6.5 million
fundraising, the Disposal and the CULS reorganisation, the Directors are
pleased to announce that at the General Meeting and CULS Meeting held earlier
today, all resolutions were duly passed without amendment.
In addition, the condition relating to the Disposal, being the approval of the
Resolution numbered 2 at the General Meeting has been satisfied. Accordingly,
Mark Robertson has resigned from the Board with immediate effect. Words and
expressions defined in the Company's circular to Shareholders dated 14 July
2010 have the same meaning in this announcement.
Application has been made for a total of 30,444,444 Ordinary Shares to be
admitted to trading on AIM and it is expected that these shares will begin
trading at 8.00 a.m. on 9 August 2010.
In addition, the cancellation of trading on AIM of the remaining CULS in
relation to which valid acceptances have not been received under the CULS Offer
will take effect and it is expected that cancellation will occur at 7.00 a.m.
on 12 August 2010.
Enquiries:
Corero plc
Peter Waller, Chairman Tel: 020 7457 2047
Merchant Securities Limited (Nominated Adviser and Broker)
John East / Simon Clements Tel: 020 7628 2200
finnCap Limited (Placing Agent)
Tom Jenkins / Sarah Wharry Tel: 0207 600 1658
College Hill
Matthew Smallwood/Adrian Duffield Tel: 020 7457 2047