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MSP - Mas PLC - Results of the shareholders meeting

Release Date: 30/07/2010 10:00
Code(s): MSP
Wrap Text

MSP - Mas PLC - Results of the shareholders meeting MAS PLC Previously Mergon Property Holdings Limited (Incorporated in the Isle of Man) (Registration number 2893V) Share code: MSP ISIN: IM00B4LFGH00 ("MAS" "the Company" or "the Group") RESULTS OF THE SHAREHOLDERS MEETING Shareholders are advised that the requisite majority of shareholders approved the resolution tabled at MAS PLC`s shareholders meeting held on Wednesday, 28 July 2010. The resolution will be lodged with the Registrar of Companies for registration in due course. ACQUISITION OF NEW DEVELOPMENT The Board of MAS Plc is pleased to announce the completion of an acquisition of a student residential property development site in Birmingham, England. The development is projected to be completed by September 2011 with a Gross Development value of circa GBP4.1 million. The property is well located being approximately 300 metres from the new university hospital and only half a mile from the University of Birmingham itself. Birmingham is the UK`s second largest student city, with three Universities (Aston, Birmingham and Birmingham City) and two University Colleges (University College Birmingham and Newman) home to over 60,000 higher education students. There is a significant undersupply of well located, modern student accommodation, making this development particularly attractive for the student population. In addition, Birmingham is the second largest economy in the UK and is a national hub for conferences, retail and events along with an established high tech, research and development sector, supported by its three universities. 30 July 2010 Isle of Man Sponsor PSG Capital (Pty) Limited Date: 30/07/2010 10:00:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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