JDR Jourdan

RNS Number:9059V
Jourdan PLC
19 December 2005

For immediate release                                           19 December 2005



                                  Jourdan plc

                             Capital Reorganisation


The Board of Jourdan ("the Company") is please to announce that at the
extraordinary general meeting of the Company held earlier today, the resolution
of shareholders to approve the Company's proposed capital reorganisation,
details of which were set out in a circular to shareholders dated 2 December
2005, was duly passed.



Implementation of the capital reorganisation is conditional on the admission of
the new ordinary shares of #1 each arising as a result of the capital
reorganisation being admitted to trading on AIM. Application for admission has
been made to London Stock Exchange plc and it is expected that admission will
become effective at 8.00 a.m., tomorrow, 20 December 2005. The ISIN for the
Company's new ordinary shares is GB00B0STXK93.



An application for the Company's warrants to subscribe for ordinary shares to be
re-admitted to trading on AIM has also been submitted and it is also expected
that admission will become effective at 8.00 a.m., tomorrow, 20 December 2005.
The new ISIN for the Company's warrants is GB00B0T9SW55.



Under the terms of the instrument constituting the Company's warrants ("the
Instrument"), the number of warrants in issue has not changed as a result of the
capital reorganisation, but the rights attaching to the warrants have been
adjusted, such that holders shall as from the date on which the capital
reorganisation becomes effective (but subject always to the terms of the
Instrument) be entitled to subscribe for new ordinary shares of #1 each in the
Company at a subscription price of #7 per new ordinary share on the basis of one
new ordinary share for every ten warrants held. These adjustments have been
certified by the Company's auditors, Grant Thornton UK LLP, as being in
accordance with the terms of the Instrument.



As the Company cannot allot fractions of new ordinary shares, holders of
warrants should note that they will only be able to exercise their warrants in
multiples of 10. However, holders of warrants should also note that the warrants
are not currently exercisable. Furthermore, based on the closing price of an
existing ordinary share on 16 December 2005, the exercise price of a warrant was
more than four times the market price of the share that would be allotted to a
holder of  a warrant on exercise thereof.



Enquiries:



Jourdan plc                           Tel: 01476 403456
Jon Pither



Charles Stanley & Co. Limited         Tel: 020 7739 8200
(Nominated Adviser)
Russell Cook



Charles Stanley & Co. Limited, which is regulated in the United Kingdom by The
Financial Services Authority, is acting for Jourdan plc and no one else in
connection with the proposals referred to in this announcement. Charles Stanley
& Co. Limited is not acting for, and will not be responsible to, anyone other
than Jourdan plc for providing the protections afforded to customers of Charles
Stanley & Co. Limited, or for providing advice in relation to the proposals
referred to in this announcement.




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

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