Investment West Midlands plc
LSE : IWM

November 09, 2009 09:00 ET

Result of General Meeting

                                                                                         9 November 2009
                                                                               GB00B0LFRQ80/GBP/PLUS-exn
                                                     
                                       INVESTMENTS WEST MIDLANDS PLC
                                         ("IWM" or the "Company")
                                                     
                                         Result of General Meeting
                                     Appointment of Corporate Adviser

IWM announces that at the General Meeting of the Company held today all the Resolutions were duly passed,
including  the  resolutions to approve the acquisition of Bluehone and to approve the Waiver  of  certain
obligations which would otherwise be imposed on the Vendor Concert Party by Rule 9 of the City Code.

Completion  of  the  Acquisition is expected to take place and dealings in the  Ordinary  Shares  of  the
Company are expected to commence on the PLUS-quoted Market on Wednesday, 11 November 2009. Dealings  will
take place under the Company's new name "Bluehone Holdings PLC", ticker BLUP.

The  Vendor  Concert  Party comprises William Donald Brown, Robert James Grenville  Mitchell  and  Stuart
Bernard  Rollason,  all of whom will become Directors of the Company at Completion.  At  Completion,  the
Vendor  Concert  Party will be interested in 75,000,000 Ordinary Shares representing  approximately  63.2
per cent. of the Company's issued share capital.

The  Company  also confirms that, as envisaged in the Admission Document, St Helens Capital Partners  LLP
will  resign  as the Company's PLUS Corporate Adviser on Admission and that FinnCap will be appointed  as
the Company's PLUS Corporate Adviser with effect from Admission.

The  definitions set out in the Admission Document issued by the Company on 15 October 2009 apply in this
announcement, unless the context otherwise requires.

The Directors of Investments West Midlands Plc are responsible for the contents of this announcement.

Enquiries:

Investments West Midlands Plc
John   Wheatley                                                                             07836 601 938

Bluehone Limited
Bill    Brown                                                                               020 7496 8929

St Helens Capital Partners LLP
Mark  Anwyl  or  Duncan  Vasey                                                              020 7368 6959

FinnCap
Charles   Cunningham                                                                        020 7600 1658

Contact Information

  • Investment West Midlands plc