Network Technology: Notice of EGM | Company Announcements

Friday 18 September, 2009

Network Technology

Notice of EGM

RNS Number : 2829Z

Network Technology PLC

18 September 2009

17 September 2009

Extraordinary General Meeting

The Chairman of Network Technology Plc, Klaus Bollmann, informs the Company's shareholders that the Company intends to consolidate its shares by issuing one (1) share for every 100 shares currently held.

The Proxy Voting Cards for the EGM, which will deal exclusively with the consolidation of shares, have been sent out to shareholders.

The date for the EGM will be 2nd October 2009 at 12:00 Noon at 26 Victoria Way, Burgess Hill, Sussex RH15 9NF.

Rationale

The current share price and number of shares are not appropriate for the business. As the Company intends to grow and potentially raise money in the future (although no concrete projects are currently worked on) it is appropriate to lower costs associated with share transactions and registration with the effect of a more prominent price per share.

This information is provided by RNS

The company news service from the London Stock Exchange

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