Vphase PLC : Result of Meetings

VPhase plc

("VPhase" or the "Group")

Result of Meetings

Vphase announces that at the meetings of members and creditors held on 12 November 2013 the Joint Administrators' proposals including proposals to place the Vphase into a Company Voluntary Arrangement ("CVA") were approved. There is now a period of 28 days during which creditors and members can appeal the proposals to Court. It is currently expected that a Court hearing to approve the exit from the Administration and entry into CVA will be held, subject to court availability, on 13 December 2013.

- Ends -

For further information: