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Oakdene Homes Plc

('Oakdene' or the 'Company')

Result of Annual General Meeting ('AGM')

Oakdene Homes Plc (AIM:OKD), an established residential development company specialising in high quality new build and conversion properties in sought-after locations is pleased to announce that all resolutions proposed at today's AGM, as set out in the circular to shareholders dated 9 May 2008 (the 'Circular'), were duly passed.  

 

Following the passing of the resolutions, and as set out in the Circular, the Company confirms the placing of 10,000,000 shares raising additional capital for the Company of GBP5,000,000 ('New Ordinary Shares'). Application has been made for these New Ordinary Shares to be admitted to trading on AIM. 

It is expected that Admission to AIM of the New Ordinary Shares will become effective at 8am on Thursday 5 June 2008 whereupon there will be 51,198,171 ordinary shares of 1 pence each in issue.

 

www.oakdene-homes.co.uk 

ENQUIRIES: 

  

Oakdene Homes plc                            Tel: 01737 249393 

Carl Turpin, Chief Executive 

Robert Boot, Finance Director 

  

Bell Pottinger Corporate & Financial    Tel: 020 7861 3232 

Zoe Sanders 

 

Panmure Gordon                                 Tel: 020 7459 3600

Dominic Morley (Corporate Finance)  

Mark Lander (Corporate Broking) 

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