Smart Identity PLC
LSE : SIDP

October 02, 2009 04:33 ET

Notice of AGM and Posting of Report and Accounts

                                                                                      2nd October 2009

                                                                                                      
                                          Smart Identity Plc
                                     ("SmartiD" or the "Company")


                            Notice of AGM and Posting of Report & Accounts

The Board is pleased to announce that it has posted to shareholders its Financial Statements for the year 
ended 31st March 2009 together with a notice convening the Company's Annual General Meeting ("the Notice").

The Annual General Meeting will be held at Synergy House, Manchester Science Park, Manchester, M15 6SY
on 3rd November 2009 at 1030am.

In addition to the Ordinary Resolutions the Directors propose the following Special Resolutions:

    1.  THAT the name of the Company be changed to Conduco Plc.   The name is being changed because
        Smart Identity Plc is closely associated with the Company's current single sign on products. Moving
        forwards, the Company will make a strategic shift to designing and supplying location based tracking
        applications and other solutions based on Cisco wireless and telephone infrastructure.  Hence "Smart
        Identity" will remain as a product name, but would be confusing to our customers as we grow into new
        and more diverse markets.

        Renewal of the resolutions passed at the Last AGM on 4th November 2008:

    2.  THAT  the directors be and they are generally and unconditionally authorised pursuant  to
        section 80(1) of the Companies Act 1985 (as amended) (the "Act") to exercise all and any powers of the
        Company to allot relevant securities (as defined in section 80(2) of the Act) up to an aggregate
        nominal amount of the amount from time to time of the Company's authorised but unissued share capital.
        The authority will expire (unless previously renewed, varied, or revoked) on the date which is fifteen
        months after the date on which this resolution is passed or, if earlier, at the conclusion of the
        Annual General Meeting of the Company next following the passing of this resolution, save that the
        directors will be entitled, at any time prior to the expiry of the authority conferred by this
        resolution, to make an offer or agreement which would or might require relevant securities to be
        allotted after such expiry and the directors will be able to allot relevant securities in pursuance of
        such an offer or agreement as if the authority had not expired.
        
    3.      THAT, the Company be and is generally and unconditionally authorised to make market purchases
        (within the meaning of section 163(3) of the Act) of Ordinary Shares provided that:

        (a)     the maximum number of Ordinary Shares hereby authorised to be purchased is 3,000,000;
        
        (b)     the  minimum price, exclusive of any expenses, which may be paid for an Ordinary Share
                 is an amount equal to 80% (last year: 90%) of the middle market price for an Ordinary
                 Share (as defined by PLUS);
        
        (c)     the  maximum price, exclusive of any expenses, which may be paid for an Ordinary Share
                 is  an  amount  equal  to 120% (last year: 110%) of the middle market  price  for  an
                 Ordinary Share (as defined by PLUS);
        
        (d)     the  authority hereby conferred shall expire at the earlier of the conclusion  of  the
                 next  Annual General Meeting of the Company and eighteen months from the date of this
                 resolution;
        
        (e)     the  Company  may  make  a  contract for the purchase of Ordinary  Shares  under  this
                 authority before the expiry of this authority which would or might be executed wholly
                 or  partly  after  the expiry of such authority, and may make purchases  of  Ordinary
                 Shares in pursuance of such a contract as if such authority had not expired.

The following documents, which are available for inspection during business hours at the registered
office of the Company on any weekday (public holidays excluded), will also be available for inspection
at the place of the Annual General Meeting from 9.00 a.m. on the day of the Annual General Meeting
until the conclusion of the Annual General Meeting:

    1.      the register of interests of directors (and their families) in the share capital of the
        company;
  
    2.      printed copies of this Notice and the documentation made available to shareholders using
        electronic communication, including the Report and Accounts for the year ended 31st March 2009.

The Directors of the issuer accept responsibility for this announcement.

                                                  --ENDS--

Enquiries:

SMART IDENTITY PLC                                Tel: 0161 227 1000
Scott Fletcher, Non-Executive Chairman

RIVINGTON STREET CORPORATE FINANCE LIMITED        Tel: 020 7562 3389
Leo Godsall
Leo@rs-cf.com

Contact Information

  • Smart Identity PLC