CVL Conival

RNS Number:8900H
Conival plc
27 January 2005

Conival plc ("Conival" or the "Company")

Result of EGM



The directors of Conival are pleased to announce that, further to the
announcement made on 12 January 2005, that at the Extraordinary General Meeting
held today, 27 January 2005, all resolutions were passed approving:




a)    the acquisition of the entire share capital of Portfolio Products Limited (the "Acquisition")   as described
      in the Admission Document to shareholders of the Company dated 11 January 2005; and


b)    the approval of the Rule 9 waiver granted by the Panel on Takeovers and Mergers which would otherwise require
      the Concert Party to make a general cash offer for the whole of the Company's issued share capital as a
      result of the issue of new ordinary shares in the Company pursuant to completion of the Acquisition in (a)
      above.





It is expected that Admission to trading on AIM in respect of the 25,600,000
Ordinary Shares, the 110,000,000 Consideration Shares and 2,920,000 Placing
Shares will commence at 8.00am on 28 January 2005.



Full details of the Proposals were set out in the Admission Document posted to
Shareholders dated 11 January 2005. The definitions contained in the Admission
Document also apply to this announcement, unless otherwise stated.



For information please contact:


Tim Cofman                          WH Ireland                          0121 616 2101


John Maundrell, Executive Director  Conival plc                         01799 599268






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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