[Peterdavies]

Just had a word with our legal department, and it depends on the company constitution.

If the board have the right to pass the resolution to increase share capital, then the deal is done.

If the constitution claims that it needs a special resolution, and voting by the share holders, why were the shareholders not invited to the meeting (which couldnt actually take place, probably without a required number of shreholders (in percentage) being there).

Simples - isn't it???????

However, the good thing, is that all this is worth remembering for when the Members Trust Constitution is written.....