Vphase PLC : Result of General Meeting

VPhase plc

("VPhase" or the "Company")

Result of General Meeting and Total Voting Rights

On 22 January 2014, the Company announced the proposed placing of 5,000,000,000 new ordinary shares of 0.003 pence each (the "New Ordinary Shares") to raise gross proceeds of £150,000 (the "Placing") along with certain other associated corporate actions requiring shareholder approval, including the change of name of the Company to lafyds plc, the adoption of an investing policy and the appointment of new directors to the Board.

The Company is pleased to announce that all resolutions proposed at the general meeting of the Company held this morning were duly passed by VPhase shareholders.

The Placing was conditional, inter alia, upon (i) the resolutions being passed at the general meeting; and (ii) admission of the New Ordinary Shares to trading on AIM occurring on or before 8.00 a.m. on 10 February 2014 (or such later date as the parties may agree) ("Admission"). The Company is therefore pleased to announce that the Placing is now unconditional in all respects subject to Admission.

Application has been made to admit the New Ordinary Shares to trading on AIM.  Dealings in the New Ordinary Shares are expected to commence on 10 February 2014.

Following completion of the Placing, the number of ordinary shares in issue in the Company will become 6,389,756,800.

Subject to Admission occurring, the above figure ( 6,389,756,800 ordinary shares) may be used from 10 February 2014 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, VPhase plc under the FCA's Disclosure and Transparency Rules . 

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