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Press Release | 14 January 2013 |
VPhase plc
("VPhase" or the "Company")
Result of General Meeting and Total Voting Rights
VPhase (AIM:VPHA), a leading provider of energy-saving products for residential and commercial properties,is pleased to announce that at the Company's General Meeting held today, all resolutions were duly passed.
Application has been made for 103,800,000 ordinary shares of 0.25p each (the "PlacingShares") to be admitted to trading on AIM. The Placing Shares will, when issued, rank pari passuin all respects with the existing ordinary shares in issue. It is expected that admission will become effective and dealings in these shares will commence at 8.00 a.m. on 15 January 2013.
The Company does not hold any shares in Treasury.
The total number of voting rights in the Company will therefore be 1,384,594,706.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, VPhase under the FSA's Disclosure and Transparency Rules.
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For further information:
VPhase plc | +44 (0) 151 348 6195 |
Rick Smith, Chief Executive Officer | www.vphase.co.uk |
Panmure Gordon | +44 (0) 20 7886 2500 |
Hugh Morgan / Callum Stewart, Corporate Finance | www.panmure.com |
Adam Pollock, Corporate Broking |
Media enquiries:
Abchurch Communications Limited | Tel: +44 (0) 20 7398 7710 |
Sarah Hollins / Joanne Shears / Ashleigh Lezard | |
ashleigh.lezard@abchurch-group.com | www.abchurch-group.com |
Notes to Editors:
VPhase plc is an energy efficiency technology company that launched the first domestic voltage optimisation device in the UK. The VPhase VX1 lowers the voltage in the home, reducing the energy consumption of many electrical appliances, saving money and reducing carbon emissions.
The VPhase device:
- has been proven to save up to 12% off home electricity bills;
- is easily installed by a qualified electrician;
- does not require a change in lifestyle or electricity supplier;
- is low cost, with a typical payback of under 5 years;
- has a 5 year manufacturer's warranty and an expected lifespan in excess of 25 years;
- can save up to 4.5 tonnes of CO2 over its 25+ year life;
- attaches to the consumer unit (fuse box) and regulates the voltage to 220 volts;
- is the next most affordable and effective green option for the home, after insulation.
The VPhase VX1 has been extensively tested with independent verification supporting the saving claims, including an Ofgem approved CERT demonstration action, social housing trials and a range of independent consumer trials. Many electrical appliances in the home will benefit from having their voltage optimised and reduced, including fridges, freezers, central heating pumps, televisions, washing machines, vacuum cleaners, etc. - and even 'energy-saving' light bulbs. As well as potentially saving up to £135 per annum, there is evidence that the life of electrical appliances can be extended by the use of this product; light bulbs in particular, have demonstrated at least a doubling of operating life when on a voltage optimised circuit.
This information is provided by RNS
RNS news service provided by Hemscott Group Limited.
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