TIDMKIO 
 
 




  Kiotech International plc 


 




  Posting of notice of General Meeting 


 




  Proposed Share Consolidation and adoption of New Articles 


 




  Kiotech announces that it has posted to shareholders notice of a General Meeting to approve: 


 
 
    -- the Share Consolidation, under which each 23 Existing Ordinary Shares 




       will be consolidated into one New Ordinary Share; and 


 
    -- the adoption of new articles of association. 
 




  The General Meeting is to be held at 11.00am on 1 October 2010 at the offices of FinnCap, 4 Coleman Street, London EC2R 5TA. 


 




  Share Consolidation 


 




  The Directors believe that a consolidation of the Company's Existing Ordinary Shares is desirable with a view to achieving a higher market price per share and reducing the significance of the current bid-offer spread. 


 




  Accordingly, the Directors have decided to recommend the Share Consolidation to Shareholders, whereby each 23 Existing Ordinary Shares will be consolidated into one New Ordinary Share. An ordinary resolution is required in order to give effect to the Share Consolidation, and the required resolution will be proposed at the General Meeting. 


 




  Other than the change in nominal value, the New Ordinary Shares will carry equivalent rights under the New Articles to the Existing Ordinary Shares currently in issue. 


 




  New Articles 


 




  The Company proposes to adopt new articles of association at the General Meeting. In order to adopt the New Articles, a special resolution is required to be passed at the General Meeting. 


 




  The New Articles incorporate amendments to the Company's current articles of association to reflect the changes in company law which came into force on 1 October 2009 following full implementation of the Companies Act 2006. The principal changes being introduced in the New Articles relate to the Company's constitution and share capital, together with some minor technical and clarifying changes. 


 




  Full details of the proposals are given in the circular accompanying the notice of General Meeting and capitalised terms used in this announcement but not defined have the meanings given to them in the circular. 


 




  For more information, please contact: 


 




  Kiotech International plcKaren Prior - Group Finance Director+44 (0)77 1863 2303 


 




  FinnCapMatthew Robinson / Henrik Persson - Corporate FinanceStephen Norcross - Corporate Broking+44 (0)20 7600 1658
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