LMH Loanmakers

    RNS Number : 7346F
  Loanmakers (Holdings) PLC
  13 October 2008
   

    Loanmakers (Holdings) plc 
    ("Loanmakers" or the "Company")

    Result of General Meeting

    The Board announces that at today's General Meeting, certain of the resolutions put before the Company's Shareholders were not passed. 

    Consequently, the proposed Open Offer to raise approximately �1.7 million, net of costs, for the Company, will now not proceed. 

    The proposed additional capital injection would have ensured that the Company was able to protect its infrastructure, remain in a
position to increase volumes when conditions allowed and to give the Company time to indentify new loan providers for its loanbroking
business, to replace First Plus, Barclay's Bank's main secured loan brand, which withdrew from the market for new business in August this
year.

    Accordingly, the Board is in discussions with its advisers as to alternative sources and means of funding for the business. A further
announcement will be made in due course.

    For further information please contact: 

 Ges Ratcliffe                CEO, Loanmakers (Holdings) plc  01204 845 700
 Mark Prideaux                Finance Director, Loanmakers
                              (Holdings) plc
 Rick Thompson / Carl Holmes      Charles Stanley Securities  020 7149 6000
                                Nominated Adviser and Broker



This information is provided by RNS
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