Conduco Plc
LSE : SIDP

September 29, 2010 11:38 ET

Result of AGM

                                                                                                 29/09/2010

                                                CONDUCO PLC
                                       ("Conduco" or "the Company")
                                                     
                                              Results of AGM

The Company is pleased to announce that at the Group's Annual General Meeting held today, all resolutions
were duly passed.

Ordinary Resolutions
1. To receive the Directors' Report and Accounts for the year ended 31st March 2010.
2. To re-appoint CLB Coopers as auditors of the Company.
3. To re-elect Mr Christopher Malthouse as Director of the Company.

Special Resolutions
1. 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 authorized 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.

2. 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% 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% 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 Directors of the issuer accept responsibility for this announcement.

END

Enquiries:

CONDUCO PLC                            TEL: 0161 227 1030
Chris Malthouse Finance Director

RIVINGTON STREET CORPORATE FINANCE     TEL: 020 7562 3373
Eran Zucker



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