RMR Rome Resources Plc

RNS Number:5779Z
Ricmore PLC
09 March 2006


                                  Ricmore Plc
                            ("Ricmore" or "Company")

Result of EGM

9 March 2006

The Board of Ricmore Plc is pleased to announce that at the extraordinary
general meeting held at 3.00 pm today (the 'EGM'), all of the resolutions
proposed for consideration were unanimously passed.

The Company announced on 13 February 2006 that it had entered into an agreement
to acquire the entire issued share capital of Energy Assets Limited ('EAL') and
that it was raising GBP1.25 million (before expenses) through the issue of
83,333,333 new ordinary shares (the 'Placing Shares') at 1.5p per share. The net
proceeds of the Placing will be applied as to working capital for the enlarged
group to build its executive and management team and to implement its business
plan. EAL's specific target areas of business are industrial and commercial
metering, datalogging (remote meter reading) and the supply of electricity
meters. The consideration for the acquisition is being satisfied by the issue of
141,500,000 new Ordinary Shares in the Company (the 'Consideration Shares').

The resolutions which have been passed today included an ordinary resolution to
approve a waiver by the Panel on Takeovers and Mergers of the obligation of the
Concert Party (which comprises the vendors of EAL and Chatsford Corporate
Finance Limited) to make a general offer for the issued share capital of Ricmore
Plc under Rule 9 of the City Code on Takeovers and Mergers that would otherwise
arise as a result of the Consideration Shares being issued to the Concert Party,
the issue of ordinary shares to Alan McKeating, Philip Bellamy-Lee, Robert
Hatton and John Butler (members of the Concert Party) pursuant to the Placing,
or on the exercise of certain unapproved options and EMI options to be granted
on re-admission ("Admission") of the Company's share capital to AIM. Following
Admission the Concert Party will be interested in 147,716,266 ordinary shares in
the capital of the Company representing 59.9 per cent of the enlarged share
capital. If all the unapproved options and EMI options were exercised by members
of the Concert Party (and assuming that none of the existing warrants over
Ordinary Shares (including those granted to ICON EAM LLC, Ruegg & Co Limited and
Hichens, Harrison & Co. plc) or the EMI Options held by parties other than the
Concert Party are exercised and that there have been no intervening issue issues
of Ordinary Shares prior to exercise) then the Concert Party would hold a
maximum of 176,773,766 Ordinary Shares representing a maximum of 64.1 per cent
of the issued ordinary share capital of the Company. Further details of the
Concert Party and the waiver are set out in the admission document dated 13
February 2006.

Alan McKeating, John Butler and Philip Bellamy-Lee have been appointed to the
board with effect from admission.

Application has been made for the enlarged issued share capital of the Company
including the Placing Shares and Consideration Shares, to be re-admitted to
trading on AIM. It is expected that Admission will become effective and dealings
will commence in the enlarged issued share capital on 13 March 2006. The number
of ordinary shares in issue following admission will be 246,768,383.

The Company's shareholders have today also approved a resolution to change the
Company's name to Energy Asset Management Plc. The change of the Company's name
will become effective on 10 March 2006.

The Company's EPIC code will change, with effect from Admission, to EAM.

Further details of the acquisition, the Placing, the Concert Party and the other
matters approved at the EGM are set out in the admission document published by
the Company on 13 February 2006.

Information required by Schedule 2(g) of the AIM Rules.

The information on the newly appointed directors required to be disclosed by the
AIM Rules was set out in the Company's admission document dated 13 February 2006
and there have been no changes to this information subsequent to this date.

For further information please contact:

Stephen Barclay, non-executive Chairman
Ricmore Plc                                                    020 7743 6370

Alan McKeating, Managing Director
Energy Assets Limited                                           01506 602674

Brett Miller / Gavin Burnell
Ruegg & Co Limited                                             020 7584 3663

Ben Simons
Hansard Communications                                         020 7245 1100

Daniel Briggs
Hichens Harrison & Co plc                                      020 7588 5171




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

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