QTI Qonnectis

 

TIDMQTI 
 
RNS Number : 1271S 
Qonnectis plc 
12 May 2009 
 
Qonnectis plc 
("Qonnectis" or the "Company") 
Notice of Extraordinary General Meeting 
Further to the announcement of 31 March 2009, discussions with potential funders 
are continuing with a view to sourcing a loan, with warrants attached secured on 
the Company's assets. 
Asthe Company's current share price is below its nominal value the board has 
today convened an Extraordinary General Meeting ("EGM") to consider resolutions 
that would rebase the nominal value to 0.1p per share. A circular has been 
posted to shareholders today and the EGM is to be held on Friday 5th June 2009 
at 10.00am at the offices of FinnCap, 4 Coleman Street, London EC2R 5TA. A 
further resolution is proposed to provide the directors with sufficient 
authority to allot shares in the future upon the exercise of the warrants 
related to the proposed loan. Additionally, other resolutions to bring the 
Company's articles into line with best practice following the 2006 Companies Act 
will also be put before shareholders. 
The current financial position remains tight. The directors consider that the 
anticipated loan represents the most likely source of additional funding over 
the short term. The directors also consider that it would not be possible to 
implement such a loan if forthcoming without first rebasing the nominal value of 
the Company's shares. Accordingly, shareholders are urged to vote in favour of 
the resolutions rebasing the nominal value of the shares. Failure to do so might 
result in the Company not being able to complete such a loan and, in the absence 
of other funding options, being unable to continue to trade. 
 
Further announcements will be made in due course. 
Enquiries: 
Qonnectis 
Barbara Spurrier    01932 788299 
 
 
FinnCap     020 7600 1658 
Nominated Adviser 
Clive Carver 
 
 
Lothbury Financial Limited    020 7011 9411 
Michael Padley / Louise Davis 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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