TIDMARP

RNS Number : 2536T

Ashcourt Rowan PLC

02 December 2011

2 December 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, REPUBLIC OF IRELAND, REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

ASHCOURT ROWAN PLC

("Ashcourt Rowan" or the "Company")

Result of General Meeting

Ashcourt Rowan plc (AIM: ARP), the UK wealth management group, announces that, at the General Meeting held earlier today, all resolutions put to Shareholders were duly passed.

As set out in the Company's circular to Shareholders published on 16 November 2011 (the "Circular"), the proposed consolidation of the Ordinary Shares to create ordinary shares of GBP0.20 each in the Company on the basis of 1 New Ordinary Share for every 100 Ordinary Shares will be effective at 8.00 a.m. on 5 December 2011.

In addition, 8,500,000 Placing Shares of GBP0.20 each are also expected to be admitted to trading on AIM at 8.00 a.m. on 5 December 2011.

The Company intends, following the passing of the resolutions, to proceed with an application to the Court for the reduction of the share premium account and a further announcement in respect of this application will be made in due course.

For further information please contact:

 
 Jonathan Polin, CEO                 Ashcourt Rowan plc 
  jonathanpolin@ashcourtrowan.com     www.ashcourtrowan.com        +44 (0) 20 7871 7373 
 Gordon Neilly                                                     +44 (0) 20 7050 6778 
  gneilly@canaccordgenuity.com 
 
  Sue Inglis                                                       +44 (0) 20 7050 6779 
  singlis@canaccordgenuity.com 
  Rishi Zaveri                       Canaccord Genuity Limited 
  rzaveri@canaccordgenuity.com        www.canaccordgenuity.com     +44 (0) 20 7050 6780

Media enquiries:

 
                     MRM 
 Andrew Appleyard     www.mrm-london.com    +44 (0) 20 3326 9908

Notes:

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings ascribed to them in the Circular.

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as sole placing agent as well as nominated adviser and broker for the purposes of the AIM Rules exclusively for the Company in connection with the Placing and Admission. Canaccord Genuity Limited is not acting for any other person and will not be responsible to any other person for providing the protections afforded to clients of Canaccord Genuity Limited or for advising any other person in connection with the Placing and Admission.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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