Investment West Midlands plc
LSE : IWM

December 01, 2008 10:53 ET

Notice of Requisition of General Meeting

                                                                                        01/12/2008

                                                                         GB00B0LFRQ80/GBP/PLUS-exn
                                                 
                                                 
                                                 
                               INVESTMENTS WEST MIDLANDS PLC ("IWM")
                                                 
                             NOTICE OF REQUISITION OF GENERAL MEETING


The Directors of IWM announce that they have received a requisition from shareholders representing
slightly more than 10% of the issued share capital of IWM requisitioning them to convene a General
Meeting  of  IWM.   The  purpose of the meeting would be to propose resolutions  to  replace  John
Wheatley  with Gavin Burnell (the representative of the shareholders concerned) as a  Director  of
the  IWM  and  agree  that steps be taken to liquidate IWM and distribute the assets  between  its
shareholders.

A  Notice  of  General  Meeting will be issued shortly in respect  of  the  above.   However,  the
Directors  of  IWM also wish to announce that, in the same Notice, they will provide  shareholders
with  the  opportunity to vote in favour of an alternative resolution empowering the Directors  to
proceed  with a potential acquisition which the Directors hope will be both profitable to IWM  and
believe to be in the best interest of its shareholders.

The Directors intend to circulate the Notice of General Meeting within the next fourteen days.

The Directors accept responsibility for this announcement.
        
        
For more information, please contact:
Investment West Midlands Plc
John Wheatley  01905 773143

Corporate Adviser
St Helen's Capital Plc
Barry Hocken / Duncan Vasey
Tel: 020 7628 5582

Contact Information

  • Investment West Midlands plc