TIDMUTW

RNS Number : 4096I

Utilitywise plc

02 July 2013

2 July 2013

Utilitywise plc

("Utilitywise" or the "Company")

Result of General Meeting

Utilitywise (AIM:UTW), a leading independent utility cost management consultancy, announces that all resolutions proposed at the General Meeting of its Shareholders held earlier today were duly passed.

Accordingly, the Acquisition of Energy Information Centre Limited and the placing of 5,000,000 new ordinary shares at a price of 100 pence per share will be complete upon Admission of the 10,037,500 new Ordinary Shares (being the Placing Shares and Consideration Shares) becoming effective, which is expected to occur at 8.00 a.m. tomorrow, 3 July 2013.

Further details of the Placing, Acquisition, and the Share Sale by certain Directors of the Company, are set out in the announcement of the Transaction and the circular to Shareholders, both dated 13 June 2013 and which are both available at the Company's website, www.utilitywise.com. Defined terms used in this announcement, unless otherwise stated, have the same meaning as those set out in the announcement of the Transaction on 13 June 2013.

Subsequent to the issue of the new Ordinary Shares, the total number of issued ordinary shares will be 71,858,078. There are no ordinary shares held in treasury and so the total number of voting rights in the Company is 71,858,078.

The above figures 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, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information:

 
 Utilitywise PLC                             0870 626 0559 
 Geoff Thompson, CEO 
 Andrew Richardson, CFO 
 
 finnCap (NOMAD and broker)                  020 7220 0500 
 Matt Goode / Charlotte Stranner / Henrik 
  Persson 
  (Corporate Finance) 
 Simon Johnson (Corporate Broking) 
 
 Newgate Threadneedle                        020 7653 9850 
 Josh Royston /John Coles/ Hilary Millar

About Utilitywise

Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear. The company has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.

Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from high street shops to multinationals with thousands of sites and cover the whole of the UK. In total, Utilitywise manages over 35,500 energy meters which have an overall energy consumption of approaching 4 terra watt hours per annum.

Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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