AIM: ADIL 16 March 2010
Adili plc
("Adili" or "the Company")
EGM Resolutions passed, Disposal of trading Subsidiary, Cancellation of trading
on AIM
Further to the announcement on 25
February 2010 and 15 March
2010, at the general meeting of the company held today, all
resolutions were duly passed.
Accordingly the disposal of the entire issued share capital of
Adili.com to HICORP 73 Limited, which is owned by Luke Heron, an investor in ethical brands, has
now completed. Luke Heron has
intimated his intention to trade Adili.com as a going concern
through significant operating synergies with his existing online
eco-enterprises.
In addition, the necessary resolution to cancel trading of the
Company's shares on AIM was also passed at today's meeting. In
accordance with AIM Rule 41 such cancellation will become effective
on 24 March 2010.
Finally, the meeting today also approved the change of name of the Company to
Directional Fashion plc.
Enquiries:
Adili plc Adam Smith, Chief Executive T: 01258 837 437
Officer
Seymour Pierce Nicola Marrin T: 020 7107 8000
Catherine Leftley