Northgate plc ("Northgate" or the "Company")
Notice of AGM and Share Consolidation
The Company announces that notice was sent to shareholders on 20 August 2009 that the Company's Annual General Meeting ("AGM") will be held at 11.30a.m. on 22 September 2009 at Norflex House, Allington Way, Darlington, DL1 4DY.
The Company also confirms that it has submitted two copies of the Notice of AGM to the UK Listing Authority which will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS.
The resolutions proposed for the AGM include a share consolidation such that the existing issued and unissued ordinary shares of 5 pence each in the capital of the Company (the "Existing Ordinary Shares") are consolidated into new ordinary shares of 50 pence each in the capital of the Company (the "New Ordinary Shares") on the basis of 1 New Ordinary Share for every 10 Existing Ordinary Shares. Following the share consolidation, the Company's issued ordinary share capital will comprise approximately 132,602,849 ordinary shares of 50 pence each in the Company.
The purpose of the share consolidation is to reduce the total number of shares now in issue following the placing and rights issue, and to increase the nominal value of the Company's shares to a figure more appropriate for a listed company of its size and nature.
It is also proposed that Company adopt new Articles of Association. A summary of the proposed changes is set out in the Notice of AGM. The revised Articles are available for inspection, during normal business hours on Monday to Friday, at the registered office of the Company and at the offices of Herbert Smith LLP, Exchange House, Primrose Street, London, EC2A 2HS up until the close of the AGM. Copies will also be available at the AGM venue on the morning of the AGM from 15 minutes prior to the meeting until its conclusion.
Shareholders should refer to the Notice of AGM, which is also available on the Company's website at http://www.northgateplc.com, for further information.
For further information, please contact:
Bob Contreras, Group Finance Director
David Henderson, Group Secretary
Tel: 01325 467558
Hogarth Partnership Limited
Tel: 020 7357 9477