Proposed Capital Reduction and
Notice of General Meeting
Proventec plc (AIM:PROV, Alternext:ALPTC), a provider of specialist steam cleaning and coatings technologies, announces that the Company is to seek shareholder approval for a special resolution at a General Meeting ("GM") to be convened for 11 a.m. on Monday 19 January 2009 at the offices of Pinsent Masons LLP, CityPoint, One Ropemaker Street, London EC2Y 9AH.
David Chestnutt, Chief Executive of Proventec, said: "As stated in the interims results, announced on Monday 24 November 2008, the Board believes the Group's balance sheet would benefit from some restructuring. We are seeking approval from Shareholders to cancel the Company's Share Premium Account and to reduce the issued share capital."

16 december 2008
The Company has today issued 249,476 new ordinary shares of £1 each in the Company ("Ordinary Shares"). 224,506 Ordinary Shares have been issued pursuant to the acquisition of CryoJet Industrial Services B.V. (as announced on 6 October 2008) and 24,970 Ordinary Shares have been issued pursuant to the acquisition of Frank GmbH (as announced on 27 August 2008).
Application has been made for the new Ordinary Shares to be admitted to AIM and dealings are expected to commence on 19 December 2008.
Following the issue of 249,476 Ordinary Shares as detailed above, the enlarged issued share capital of the Company is 12,419,719 Ordinary Shares.

Info
http://www.proventecplc.com/