TIDMEVOL

RNS Number : 9740U

Evolve Capital PLC

07 January 2013

Evolve Capital plc ("Evolve" or the "Company")

Update on the proposed disposal of the business of St Helens Capital Partners LLP

and

proposed cancellation of admission to trading of the Company's ordinary shares on AIM

On 19 December 2012 the Company announced proposals, subject to the approval of its shareholders at a general meeting convened for 8 January 2013 (the "General Meeting"), to:

i) approve the transfer by St Helens Capital Partners LLP, the Company's wholly owned ISDX advisory business ("St Helens"), of its business to Peterhouse Corporate Finance Limited ("Peterhouse") (the "Disposal"); and

ii) cancel the admission of the ordinary shares of 0.1p each in the capital of the Company (the "Ordinary Shares") to trading on AIM, a market operated by the London Stock Exchange plc ("AIM") (the "Delisting").

The Company sent a circular to its shareholders on 19 December 2012 (the "Circular") setting out further details of the Disposal and the Delisting and the implications for shareholders of the Company. The Circular also contained a notice of the General Meeting, convened for 11.00 am at the offices of the Company's solicitors, Marriott Harrison, Staple Court, 11 Staple Inn Buildings, London WC1V 7QH on 8 January 2013 at which the approval for the Disposal and the Delisting is being sought. The Circular contained a recommendation from the Board for shareholders to vote in favour of the Disposal and the Delisting.

The Board has recently been made aware that a number of shareholders wish to have an opportunity to meet with the Board to discuss the proposed arrangements for the provision of information to shareholders, share trading, corporate governance and shareholder protections in general, that would be put in place following the Delisting prior to giving consideration to Resolution 2, the special resolution being proposed at the General Meeting to approve the proposed delisting.

The Board is sympathetic to the views that have been expressed and in order to facilitate such discussions it has been agreed that the General Meeting will take place as scheduled but that following the consideration of Resolution 1, the ordinary resolution to approve the Disposal, the General Meeting will be adjourned for a period of 21 days.

The adjourned meeting will be held on 29 January 2013 at 11.00 am at the offices of Marriott Harrison, Staple Court, 11 Staple Inn Buildings, London WC1V 7QH. Proxy votes that have been cast on Resolution 2 will remain valid. The deadline for submitting proxies or for changing proxies that have already been submitted in relation to Resolution 2 will be 24 hours before the date of the adjourned meeting.

For further enquiries please contact:

Evolve Capital plc:

   Oliver Vaughan                                                                 020 7937 4445

Allenby Capital Limited (Nominated adviser and broker):

   Nick Naylor or Nick Athanas                                        020 3328 5656

This information is provided by RNS

The company news service from the London Stock Exchange

END

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