MECHAN CONTROLS PLC
31st May 2017
Result of General Meeting
Update on Disposal
Change of Name to Mandicon PLC
The Board of Mechan Controls PLC (“the Company”) announces that at the General Meeting held earlier today, both resolutions put to the meeting were passed.
Following shareholder approval, the Board anticipates that the sale of the business and assets of the Company, other than its shareholding in Nirvana Engineering Limited, to Mechan Controls 2017 Limited will be completed shortly and will make a further announcement when the disposal is completed.
Shareholders also approved the change of the Company’s name from Mechan Controls PLC to Mandicon PLC, which will take effect upon confirmation from Companies House that the change of name has been registered.
The Directors of the company accept full responsibility for this announcement.