Hartfield Securities Plc
LSE : HASP

August 03, 2009 09:09 ET

EGM Statement

3 August 2009

                      HARTFIELD SECURITIES PLC ("Hartfield" or the "Company")
                                                 
                              NOTICE OF EXTRAORDINARY GENERAL MEETING

Hartfield  Securities  Plc  announces  that  Notice  is  hereby  given  that  an
Extraordinary  General Meeting of the above company will be held at the offices  of  Alfred  Henry
Corporate Finance Limited, Finsgate, 5-7 Cranwood Street, London EC1V 9EE on Wednesday 19th August
2009  at  2.30pm.  The  business of the meeting will be to consider as special  business  and,  if
thought fit, pass the following resolution which will be proposed as an ordinary resolution.

ORDINARY RESOLUTION:

That  the period for the Company to complete any acquisition or investment in accordance with  the
strategy declared in the Company's admission document published on 6 June 2007, be extended to  31
December 2010.

REASONS FOR RESOLUTION:

In  the  admission  document  published on 6 June 2007, your directors outlined  their  investment
strategy.   This  strategy  was  to  acquire  established  unquoted  or  quoted  businesses   with
considerable growth and profitability potential, which are capable of becoming market  leaders  in
their  fields.   It  was  also stated that if the Company failed to complete  any  acquisition  or
investment within 24 months from the date of the start of trading on PLUS, a resolution  would  be
proposed for members voluntary liquidation of the company and the return of funds to shareholders.
This  24  month period has expired and the Company has not completed any acquisition or  made  any
investment.

During the period since the Company started trading on PLUS, your directors have reviewed a number
of  acquisition opportunities and have agreed, in principle, to make two acquisitions.   Following
extensive  due diligence, your directors decided not to proceed with either of those  acquisitions
as  they  did  not  believe  that  they  would be in the best  interests  of  shareholders.   Both
acquisitions, initially, looked very attractive but as often happens following due diligence, this
proved  not to the case.  Your directors have expended a considerable amount of their own time  at
no  cost  to the cCmpany in identifying appropriate targets and are confident that, in due course,
they will be able to identify and acquire a business which will create shareholder value.  As  the
24  month  period  has  now  expired,  your  directors think  it  is  appropriate  to  convene  an
extraordinary  general meeting of shareholders and to ask the shareholders to  extend  the  period
during which such an acquisition or investment may be made


                                                 

THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

                                            ---ENDS---

Enquiries:

Hatfield Securities Plc                  020 7251 3762
N Fetterman



Fisher Corporate Plc                     020 7388 7000
Gary Miller


                                                 

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