MCR Mercer Resources

TIDMADS

RNS Number : 8165I

Alexander David Securities Grp PLC

08 July 2013

Alexander David Securities Group plc

('ADS' or the 'Company')

Result of General Meeting

The board of ADS announces that, at the General Meeting of the Company held today, all resolutions were passed.

However, as set out in the announcement of 21 June and circular to shareholders of the same date, the Proposals are conditional on approval from the Financial Conduct Authority ("FCA") for the ADHL Share Transfer. This has not yet been forthcoming, and, until such time as it is granted, the Proposals will not be able to come into force.

The delay in the Proposals coming into force in no way affects the existing operations of Alexander David Securities Limited which continue to operate normally.

The Directors will make a further announcement as soon as notification is received from the FCA.

All terms in this announcement have the same meaning as in the circular published by the Company on 21 June 2013.

For further information please see www.ad-securities.com or contact:

 
Michael Hicks, Chairman 
 David Scott, Chief Executive   Alexander David Securities Group plc   020 7448 9800 
Nominated Adviser 
 James Caithie/Avi Robinson     Cairn Financial Advisers LLP           020 7148 7900 
Broker to the Placing 
 Eran Zucker/Heena Karani       Peterhouse Corporate Finance Limited   020 7469 0932 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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