St Helens Finance plc
LSE : SHF

December 08, 2009 06:34 ET

Notice of General Meeting

                                                                                     December 8, 2009
                                                 
                                      ST HELEN'S FINANCE PLC
                              ("St Helen's Finance" or "the Company")
                                                 
                                     Notice of General Meeting
                                                 
The  Board  of St Helen's Finance, the PLUS Quoted, independent provider of finance facilities  to
the  SME  sector, announces that NOTICE IS HEREBY GIVEN that a GENERAL MEETING of the  members  of
ST  HELEN'S FINANCE plc will be held at 5-7 St Helen's Place, London EC3A 6AU on 29 December  2009
at  11.00 am for the purpose of transacting the following business, of which Resolution 2 will  be
proposed as a Special Resolution.

Ordinary Resolution
1.      The  Directors be authorised in accordance with Section 551 of the Companies Act  2006  to
        exercise for a period from the date of passing this Resolution to 30 June 2010 or, if earlier,
        until the conclusion of the Annual General Meeting of the Company held in the year 2010, all the
        powers of the Company to allot relevant securities (within the meaning of the said Section) up to
        an aggregate nominal amount of £2,236,448.65 (in substitution to the authority to allot relevant
        securities approved at the Seventh Annual General Meeting on 19 May 2009) provided that this
        authority shall allow the Directors to allot any shares or grant any such rights after that period
        has expired in pursuance of an offer or agreement so to do made by the Company within that period
        as if the authority had not expired.
        
Special Resolution
2.      The  Directors be empowered pursuant to the Companies Act 2006 ("the 2006 Act")  to  allot
        equity securities for cash as if Section 561(1) of the 2006 Act did not apply to such allotment
        provided that this power shall be limited to:
        the  allotment  of equity securities (as defined in Section 560 of  the  2006  Act)  in
        connection  with  any  offer by way of rights to the holders of  Ordinary  Shares  in  the
        Company on a record date fixed by the Directors in proportion (as nearly as may be) to the
        number  of  shares  held  by  such  holders, but  subject  to  such  exclusions  or  other
        arrangements as the Directors may deem appropriate to deal with fractional entitlements or
        to resolve any legal or practical problems arising in connection with such an offer; and
        the allotment otherwise in connection with such an offer up to an aggregate nominal amount
        of  £2,236,448.65 (in substitution to the authority to allot relevant securities for  cash
        approved at the Seventh Annual General Meeting on 19 May 2009).
        and  shall expire on 30 June 2010 or, if earlier, at the conclusion of the Annual  General
        Meeting  of  the Company held in the year 2010, save that the Company may,  prior  to  the
        expiry of such authority make an offer or agreement under which equity securities would or
        might  fall to be allotted after such expiry and the Directors may allot equity securities
        in  pursuance  of  such an offer or earlier agreement as if the power  conferred  by  this
        Resolution had not expired.
        
The  effect  of  the resolutions under consideration will be to change the resolutions  concerning
share  allotment passed at the AGM in May 2009 to allow the Board to increase the  amount  of  new
shares that the Company is able to issue.

The Directors of the issuer accept responsibility for this announcement.

                                            ---ENDS---


ENQUIRIES:

ST HELEN'S FINANCE PLC                                    Tel: 020 7628 4004
Norman Kenvyn - Managing Director
Rick Abbott - Chairman

RIVINGTON STREET CORPORATE FINANCE                        Tel: 020 7562 3373
Leo Godsall              
Leo@rs-cf.com            

BISHOPSGATE COMMUNICATIONS LTD                            Tel 020 7562 3394
Gemma O'Hara             sthelensfinance@bishopsgatecommunications.com



Contact Information

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