NBPC Naya Bharat

 

TIDMNBPC 
 
RNS Number : 7424X 
Naya Bharat Property Company PLC 
10 December 2010 
 

10 December 2010 
                NAYA BHARAT PROPERTY COMPANY PLC (the "Company") 
                    RESULT OF EXTRAORDINARY GENERAL MEETING 
The Board of Naya Bharat Property Company plc announces that at the 
Extraordinary General Meeting of the Company held today, both Resolutions 
proposed to the meeting, as set out in the circular to shareholders dated 10 
November 2010, were duly passed.  The results of the vote are summarised below. 
 
As a result, trading in the Company's ordinary shares on AIM will be cancelled 
at 7am on 13 December 2010 and the liquidators will proceed with the voluntary 
winding up of the Company.  It is hoped that an initial distribution will take 
place in mid-January 2011, although this cannot be guaranteed. 
 
Summary of Votes Cast 
Shareholders representing 31,301,241 Shares of the Company, voted in favour of 
Special Resolution One and shareholders representing 570,000 Shares of the 
Company voted against Special Resolution One. 
 
Shareholders representing 31,301,241 Shares of the Company, voted in favour of 
Special Resolution Two and shareholders representing 570,000 Shares of the 
Company voted against Special Resolution Two. 
 
 
Enquiries 
+-----------------------------------+----------------------------------+ 
| Charlemagne Capital               | 020 7518 2100                    | 
| Varda Lotan / Christopher         | marketing@charlemagnecapital.com | 
| Fitzwilliam Lay                   | www.charlemagnecapital.com       | 
|                                   |                                  | 
+-----------------------------------+----------------------------------+ 
| Panmure Gordon                    | 020 7459 3600                    | 
| Hugh Morgan / Abhishek Majumdar   |                                  | 
|                                   |                                  | 
+-----------------------------------+----------------------------------+ 
| Smithfield Consultants            | 020 7360 4900                    | 
| John Kiely / Gemma Froggatt       |                                  | 
+-----------------------------------+----------------------------------+ 
 
www.nayabharat.org 
 
 
Disclaimer 
This document does not constitute an offer to sell or solicitation of an offer 
to buy shares in the Company and subscriptions for shares in the Company may 
only be made on the terms and subject to the conditions (and risk factors) 
contained in the prospectus of the Company.  Potential investors should 
carefully read the prospectus issued by the Company which contains significant 
additional information needed to evaluate an investment in the Company.  This 
document has not been approved by a competent supervisory authority and no 
supervisory authority has consented to the issue of this document.  The 
information in this document is confidential and it should not be distributed or 
passed on, directly or indirectly, by the recipient to any other person without 
the prior written consent of Charlemagne Capital (UK) Limited.  This document 
and shares in the Company shall not be distributed, offered or sold in any 
jurisdiction in which such distribution, offer or sale would be unlawful and 
until the requirements of such jurisdiction have been satisfied.  This document 
is not intended for public use or distribution.  The purchase of shares in the 
Company constitutes a high risk investment and investors may lose a substantial 
portion or even all of the money they invest in the Company.  An investment in 
the Company is, therefore, suitable only for financially sophisticated investors 
who are capable of evaluating the risks and merits of such investment and who 
have sufficient resources to bear any loss that might result from such 
investment.  If you are in any doubt about the contents of this document you 
should consult an independent financial adviser.  Investors in the Company 
should note that: past performance should not be seen as an indication of future 
performance; investments denominated in foreign currencies result in the risk of 
loss from currency movements as well as movements in the value, price or income 
derived from the investments themselves; and there are additional risks 
associated with investments (made directly or through investment vehicles which 
invest) in emerging or developing markets. Charlemagne Capital (UK) Limited does 
not guarantee the accuracy, adequacy or completeness of any information 
contained herein and is not responsible for any omissions or for the results 
obtained from such information.  The information is indicative only and is for 
background purposes and is subject to material updating, revision, amendment and 
verification.  All quoted returns are illustrative.  No representation or 
warranty, express or implied, is made as to the matters stated in this document 
and no liability whatsoever is accepted by Charlemagne Capital (UK) Limited or 
any other person in relation thereto. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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