GM Statement

LONDON--()--

Mandicon Plc (the “Company”)

General meeting

The Board of Mandicon PLC announces that the GM meeting postponed from 17th May was held today, 24th May 2018.

All the proposed resolutions were passed unanimously upon a poll.

As such the Company will immediately begin the process of re-registering as a private limited company and proceed with preparations for a Members Voluntary Liquidation, a proposal for which will be put before shareholders in due course.

At the same time the Board acknowledges that, as a result of the passing of the resolutions, the Company will cease trading on NEX at close of business on 25th May 2018.

The Board would like to take the opportunity to thank its current and past shareholders, the NEX Exchange, and the market for their support in the last 15 years.

The Company will continue to communicate with shareholders and their representatives by post or other media as appropriate.

The Directors of the Company take responsibility for this statement.

Short Name: MECP
Category Code: GMS
Sequence Number: 648156
Time of Receipt (offset from UTC): 20180524T155527+0100

Contacts

Mechan Controls Plc

Contacts

Mechan Controls Plc